UK: Lansdowne Oil & Gas Announces Its First Half Interim Results


Lansdowne Oil & Gas announced its interim results for the six months to 30 June 2012.

Operational highlights

  • Barryroe appraisal well 48/24-10z successfully tested at a stabilised rate of 3,514 bopd and 2.93 mmscfgd (4,000boepd)
  •  Barryroe updated P50 oil in place estimates currently total 1,043MMBO for the Middle & Basal Wealden reservoirs. Lansdowne 20% interest.
  •  Barryroe additional potential identified in Lower Wealden and Purbeckian reservoir intervals with P50 oil in place estimate of 778MMBO
  •  Barryroe North Licensing Option secured over c. 500 sq kms.
  •  Amergin, Midleton & Rosscarbery prospects de-risked substantially by 3D seismic mapping. Robust prospects. Industry farm-out data room exercise ongoing.

Financial highlights

  • Loss after tax for period of £620,000 (6 months to June 2011 loss £429,000).
  • Post balance sheet fundraising of £10.0 million (before expenses) through the placing of 18,182,000 new ordinary shares at a price of 55 pence per share in August 2012.

Press Release, September 28, 2012


Share this article

Follow Subsea World News


<< Apr 2016 >>
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

EEMUA subsea engineering course: materials selection and corrosion control

This two and a half day training course is recommended for both discipline and project focused engineers from a variety of backgrounds who want to gain an understanding of the fundamental principles for selecting and specifying materials of construction for subsea equipment, and for corrosion control during deployment, commission and operation. The course is based on the EEMUA User Guide to subsea materials selection and corrosion control, EEMUA Publication 194.

It is operated in association with the Society for Underwater Technology (SUT). Permanent employees of EEMUA and SUT member companies are entitled to a 20% discount off the standard course fee.

More info

read more >

Offshore Technology Conference (OTC)

The Offshore Technology Conference (OTC) is where energy professionals meet to exchange ideas and opinions to advance scientific and technical…

read more >

All-Energy 2016

All-Energy is held in Glasgow annually. In its 15th year, it has firmly established itself as the UK’s leading renewable energy exhibition…

read more >

Offshore Arabia Conference and Exhibition

The event brings together Industry Professionals from all over the world to discuss the strategic, operational and technological developments…

read more >