SeaEnergy Notes Share Price Fall As Lansdowne Plugs And Abandons Well

Thu, 13th Aug 2015 16:19

LONDON (Alliance News) - SeaEnergy PLC Thursday noted the fall in its share price Thursday, after shares in the company closed down 18% at 8.03 pence, and noted that an AIM-listed company in which it holds a share will plug and abandoned a well.

Lansdowne Oil & Gas PLC, in which SeaEnergy has an 18.67% interest, said Thursday that its Midleton exploration well in the Celtic Sea had encountered gas volumes that were not considered commercial and that well was to be plugged and abandoned.

Shares in Lansdowne closed down 50% at 3.72 pence Thursday.

SeaEnergy said it was not aware of any other reasons for the drop in its share price.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

Related Shares

More News

8 Mar 2024 14:42

IN BRIEF: Lansdowne Oil & Gas shares up on ECT claim update

Lansdowne Oil & Gas - Exploration company with licences in the Irish offshore shelf areas - Says that shareholder will receive an economic benefit rel...

26 Feb 2024 14:25

IN BRIEF: Lansdowne appoints lawyers in case against Irish government

Lansdowne Oil & Gas - Oil and gas company focused on licences in the North Celtic Sea - Appoints Mantle Law to lead the company's litigation against t...

8 Jan 2024 13:54

IN BRIEF: Lansdowne Oil & Gas says claim against Ireland continues

Lansdowne Oil & Gas PLC - North Celtic Sea-focused oil and gas company - Says focus is on progressing its Energy Charter Treaty claim against Ireland ...

22 Dec 2023 15:50

UK shareholder meetings calendar - next 7 days

7 Dec 2023 14:26

IN BRIEF: Lansdowne Oil & Gas launches new share placing

Lansdowne Oil & Gas PLC - North Celtic Sea-focused oil and gas company - Places 40.0 million firm shares and 160.0 million conditional shares at 0.1 p...