LANSDOWNE OIL & GAS - PRESS RELEASE

 

06 JUNE 2008

Lansdowne Oil & Gas plc
("Lansdowne" or "the Company")

 

Grant of share options to Directors


Lansdowne, the Dublin-based independent exploration company, announces that it has granted a total of 900,000 share options to the executive directors as follows:

Stephen Boldy  - Chief Executive                                 400,000

Emmet Brown   - Business Development Director          400,000

Chris Moar        - Finance Director                               100,000

The options have an exercise price of 31.50p per share and may be exercised in whole or part between 6 June 2011 and 5 June 2018 provided that certain performance targets are met.

Following this grant the total holdings of the directors concerned are as follows:

 

 

Ordinary

Shares

% of issued share capital

 

Options

 

 

 

 

 

Stephen Boldy

Chief Executive

32,660

0.1%

600,000*

Emmet Brown

Business Development Director

2,951,102

9.0%

400,000

Chris Moar

Finance Director

-

-

100,000

 

*Included in the total options above for S Boldy are 200,000 options at a price of £0.85 exercisable between 26 June 2009 and 25 June 2016, which were granted on 26 June 2006.



Enquiries:

Lansdowne Oil & Gas plc
Chris Moar, Finance Director 01224 748480
   
John East & Partners Limited  
David Worlidge 020 7628 2200

 

Lansdowne Oil and Gas plc
Britannia House
Endeavour Drive
Arnhall Business Park
Westhill
Aberdeenshire
AB32 6UF
Tel: +44 (0)1224 748480
Fax: +44 (0)1224 748481
Email: info@lansdowneoilandgas.co
Web: www.lansdowneoilandgas.com