Lansdowne Oil & Gas plc Licence Update (3277V)
November 02 2017 - 2:30AM
UK Regulatory
TIDMLOGP
RNS Number : 3277V
Lansdowne Oil & Gas plc
02 November 2017
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
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).
Lansdowne Oil & Gas plc
Licence Update
2 November 2017
Lansdowne Oil & Gas plc ("Lansdowne" or "the Company") notes
the announcement today by Providence Resources P.l.c.
("Providence") that the Minister of State at the Department of
Communications, Climate Action and Environment has given his
consent for, inter alia, the assignment of :
-- 10% of Providence's interest in the Helvick Lease Undertaking
("LU") to Lansdowne Celtic Sea Limited
-- 10% interest in the Helvick LU to Marginal Field Development
Company Limited through a farm-out agreement.
On completion of the farm out agreement, the revised equity
participations in the Helvick LU will be Providence Resources
P.l.c. (56.25%, Operator), Atlantic Petroleum (Ireland) Limited
(16.50%), Sosina Exploration Limited (8.25%), Lansdowne Celtic Sea
Limited (9%) and Marginal Field Development Company Limited
(10.0%).
For further information please contact:
Lansdowne Oil & Gas plc
Steve Boldy +353 1 495 9259
Cantor Fitzgerald Europe
Nominated Advisor and
Joint Broker
Sarah Wharry
David Porter +44 (0) 20 7894 7000
Beaufort Securities
Joint Broker +44 (0) 20 7382 8300
Jon Belliss
Notes to editors:
About Lansdowne
Lansdowne Oil & Gas (LOGP.LN) is a North Celtic Sea
focussed, oil and gas exploration and appraisal company quoted on
the AIM market and head quartered in Dublin.
Lansdowne holds acreage in the North Celtic Sea Basin, including
a 20% stake in Exploration Licence SEL1/11 which contains the
Barryroe oil field.
For more information on Lansdowne, please refer to
www.lansdowneoilandgas.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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