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Operational Update

14 Dec 2011 07:06

RNS Number : 9145T
Lansdowne Oil & Gas plc
14 December 2011
 

 

 

December 14 2011

 

Operational Update

Barryroe Appraisal Well 48/24-10

 

Lansdowne Oil & Gas, ("Lansdowne") notes today's announcement by Providence Resources P.l.c. ("Providence") regarding progress of the Barryroe Appraisal Well 48/24-10 in the North Celtic Sea Basin, offshore southern Ireland.

 

The 48/24-10 Barryroe well is located in c. 100 m water depth c. 50 km offshore Ireland in Standard Exploration Licence (SEL) 1/11, with operations being carried out by the GSF Arctic III semi-submersible rig.

Providence (50%) operates SEL 1/11 on behalf of its partners San Leon Energy plc (30%) and Lansdowne Oil & Gas plc (20%).

Providence announced today that the 48/24-10 well has reached section total depth (TD) of 4,038 true vertical depth subsea (TVDSS) with the key geological horizons having been encountered close to the pre-drill depth prognosis. Notable gas shows were encountered drilling through the PSE Seven Heads Limited operated gas reservoir, which overlies the Barryroe oil discovery. Following casing of this section, the well will be drilled ahead through the underlying primary and secondary Barryroe oil reservoir targets to a TD of 7,464 TVDSS.  

 

 

Contacts

 

Lansdowne Oil & Gas plc

Steve Boldy

Chief Executive Officer

+353 1 637 3934

Chris Moar

Finance Director

+44 1224 748480

finnCap

Sarah Wharry

Corporate Finance

+ 44 20 7220 0567

 

 

 

About Lansdowne

Lansdowne is an exploration and appraisal oil and gas company listed in London on the AIM Market (Symbol : LOGP). Lansdowne holds a balanced portfolio of oil discoveries, low and moderate risk gas prospects near existing infrastructure and moderate risk oil prospects. The Company is focused on the underexplored North Celtic Sea Basin which has proven petroleum systems in place for both oil  

and gas. For more information, visit the Company's website: www.lansdowneoilandgas.com 

 

 

About Barryroe

 

Providence 50%, San Leon 30%, Lansdowne 20%

 

A third party audit carried out by RPS Energy for Lansdowne indicated P50 and P10 STOIIP

estimates for Barryroe of 373 MMBO and 893 MMBO, respectively. The corresponding 2C and 3C

Barryroe recoverable contingent resources are 59 MMBO and 144 MMBO, respectively.

 

Three wells within SEL 1/11 (Barryroe) have tested oil:

 

48/24-1 drilled by Esso in 1973/1974 tested oil from Middle Wealden sands at an aggregate rate of

1,300 barrels per day

 

48/28-1 drilled by Esso in 1974 tested oil from a Middle Wealden sand at 1,527 barrels per day

 

48/24-3 drilled by Marathon in 1990 tested oil from Lower Wealden sands at an aggregate rate of

1,619 barrels per day

 

 

Glossary of terms used in this Announcement

 

ALL FIGURES QUOTED ARE GROSS FIGURES, UNLESS OTHERWISE STATED

MMBO Millions of Barrels of Oil

STOIIP Stock Tank Oil Initially In Place

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DRLMMMMZRFNGMZM
Date   Source Headline
30th Sep 202211:00 amRNSHalf-year Report
20th Sep 20227:00 amRNSName change to Barryroe Offshore Energy plc
25th Aug 20221:00 pmRNSDirectorate Change
27th Jul 202212:49 pmRNSResult of AGM
5th Jul 20222:05 pmRNSSecond Price Monitoring Extn
5th Jul 20222:00 pmRNSPrice Monitoring Extension
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30th Jun 20227:45 amRNSHolding(s) in Company
30th Jun 20227:00 amRNSAnnual Results for the year ended 31 December 2021
28th Jun 20222:00 pmRNSPrice Monitoring Extension
28th Jun 202211:05 amRNSSecond Price Monitoring Extn
28th Jun 202211:00 amRNSPrice Monitoring Extension
27th Jun 20229:45 amRNSHolding(s) in Company
23rd Jun 20225:07 pmRNSHolding(s) in Company
17th Jun 20225:49 pmRNSResult of Fundraising (Amendment)
17th Jun 20224:31 pmRNSResult of Fundraising
17th Jun 202210:45 amRNSProposed Fundraising
31st May 20224:50 pmRNSNotification of Interest in Share Capital
4th Feb 20229:45 amRNSStrategic Review - Barryroe
20th Dec 20217:00 amRNSStrategic Review – Preliminary Results
4th Nov 20217:00 amGNWOPERATIONAL UPDATE - COMPLETION OF SITE SURVEY
26th Oct 20217:00 amGNWOperational Update
19th Oct 20217:00 amGNWResignation of CEO
20th Aug 202111:10 amGNWGrant of Share Options
22nd Jul 20214:00 pmGNWResult of AGM
22nd Jul 20217:00 amGNWSignificant Strengthening of Board to Progress Barryroe Project
7th Jul 20211:50 pmRNSNotification of Interest in Share Capital
25th Jun 20214:00 pmGNWNotice of AGM and posting of Annual Report
21st Jun 20217:05 amGNWBoard Changes
21st Jun 20217:00 amGNWAnnual Results
2nd Jun 202110:30 amGNWNotification of Interest in Share Capital
24th May 20213:50 pmGNWGrant of Options
14th May 202111:00 amGNWNotification of Interest in Share Capital
14th May 202111:00 amGNWNotification of Interest in Share Capital
14th May 20217:00 amGNWAppointment of Senior Independent Non-Executive Director
7th May 20217:00 amGNWExercise of Warrants
4th May 20213:10 pmGNWExercise of Warrants
29th Apr 20212:00 pmGNWExercise of Warrants (replacement of announcement issued April 27)
29th Apr 202112:30 pmGNWExercise of Warrants
27th Apr 20212:30 pmGNWExercise of Warrants
22nd Apr 20217:00 amGNWFarm-out Agreement Update
1st Mar 20217:00 amGNWBarryroe Farm-out Update
23rd Feb 20213:00 pmGNWResult of EGM
19th Feb 202111:15 amGNWExercise of Warrants
8th Feb 202112:50 pmGNWGovernment consent for Barryroe site survey
8th Feb 20217:00 amGNWResponse to media speculation
28th Jan 20215:08 pmGNWCLARIFICATION AS TO TIME FOR DELIVERY OF FORMS OF PROXY AND RECORD TIME FOR VOTING
27th Jan 20217:00 amGNWProposed Migration Of Shares
10th Dec 20209:39 amGNWExercise of Warrants
1st Dec 20204:41 pmRNSSecond Price Monitoring Extn

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