RE: Lansdowne to sue state for $100m24 May 2023 18:33
Steve Boldy, CEO of Lansdowne Oil & Gas, commented:
"It is with great reluctance that we must now resort to legal proceedings in relation to our investment as we would much rather have moved forward with a Lease Undertaking and appraisal drilling, for which funds had been sourced, to advance Barryroe toward development for the benefit of all stakeholders.
We believe we have a very strong claim against the Irish government and the Company will be resolute in defending and protecting the rights and investment of our shareholders."