REG - Lansdowne Oil & Gas - Barryroe Lease Undertaking Application

Lansdowne Oil & GasAnnouncement

22/11/2022 08:00

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RNS Number : 1889H  Lansdowne Oil & Gas plc  22 November 2022

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the retained EU law version
of the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). Upon the
publication of this announcement via Regulatory Information Service ("RIS"),
this inside information is now considered to be in the public domain. If you
have any queries on this, then please contact Steve Boldy, the Chief Executive
Officer of the Company (responsible for arranging release of this
announcement).

 

22 November 2022

Lansdowne Oil & Gas plc

("Lansdowne" or the "Company")

Barryroe Lease Undertaking Application

 

Further to the announcement issued on 31 October regarding the application for
a Lease Undertaking for the Barryroe oil and gas field, Lansdowne Oil &
Gas ("Lansdowne" or "the Company") is pleased to announce that it has
submitted additional material confirming financial capability, as requested by
the Department of the Environment, Climate and Communications ("DECC").

Lansdowne also notes the announcement issued today by Barryroe Offshore Energy
Plc that they have secured funding for up to €40 million, which covers 100%
of the estimated cost of the work programme as set out in the Lease
Undertaking application.

Award of a Lease Undertaking  is subject to Ministerial consent. Upon award,
drilling is now likely to take place in 2024, in order to conduct drilling
operations in the fair- weather window.

 

 

For further information please contact:

 Lansdowne Oil & Gas plc             +353 1 963 1760
 Steve Boldy

 SP Angel Corporate Finance LLP      +44 (0) 20 3470 0470
 Nominated Adviser and Joint Broker
 Stuart Gledhill
 Richard Hail

 Tavira Financial Limited            +44 (0) 20 3192 1739
 Joint Broker
 Oliver Stansfield

 

 

Notes to editors:

 

About Lansdowne

Lansdowne Oil & Gas (LOGP.LN) is a North Celtic Sea focused, oil and gas
exploration and appraisal company quoted on the AIM market and head quartered
in Dublin.

For more information on Lansdowne, please refer to www.lansdowneoilandgas.com
(http://www.lansdowneoilandgas.com) .

 

 

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