30 April 2007

Lansdowne Oil & Gas plc (“Lansdowne” or “the Company”)

Preliminary Results for the year ended 31 December 2006

Lansdowne Oil & Gas, (“Lansdowne” or “the Company”) is pleased to announce its maiden preliminary results, for the year ended 31 December 2006. Lansdowne is an upstream oil and gas company, focused on exploration and appraisal opportunities offshore Ireland. The Group has targeted the Irish offshore shelf areas for exploration as these provide shallow water (generally less than 100 metres), relatively low cost opportunities and these factors, combined with the current good fiscal terms, have the potential to deliver high value reserves.

Operational Highlights

  • Acquisitions of Celtic Sea licensing options from Ramco
  • Acquisition of 19.25% of Frontier Licence 1/05 offshore Donegal from Ramco
  • The Inishbeg wildcat (Lansdowne 19.25% fully carried interest) was drilled offshore Donegal and plugged and abandoned as a dry hole.
    • Lansdowne is continuing with post-well evaluation work
  • Work programme commitments completed on all Celtic Sea Licensing Options:
  • Applications submitted for follow-on authorisations

Financial Highlights

  • £750,000 private placing with international institutions to fund operational programme in February 2006
  • IPO on the AIM Market raising £1.6 million

Steve Boldy, CEO of Lansdowne commented,

The work which we carried out during the year has encouraged us to apply for successor licences on our Celtic Sea interests and to seek an extension of our Donegal Frontier licence. RPS Scott Pickford have reviewed our Celtic Sea interests in the light of cost escalations and we remain confident that the projects remain robust under conservative price assumptions. We are actively seeking farm-in partners to take the projects forward.

Click here to view the full Report (PDF format)

 

Enquiries:

2021Lansdowne Annual Report 2020
2020 Interim Results for the six months ended 30 June 2020
2020 Annual Report and Accounts for the year ended 31 December 2019
2019Interim Results for the six months ended 30 June 2019
2019 Annual Report and Financial Statements year ended 31 December 2018
2018Interim Results for six months ended 30 June 2018
2018Annual Report and Financial Statements year ended 31 December 2017
2017Interim Results – For the six months ended 30 June 2017
2017Annual Report and Financial Statements year ended 31 December 2016
2016Interim Results for Six Months Ended 30 June 2016
2016Annual Report and Financial Statements 2015
2015Interim Results 2015
2015Annual Report and Financial Statements 2014
2014Interim results for the six months ended 30 June 2014
2013Annual Report & Accounts 2013
2013Interim Results for the Six Months Ended 30 June 2013
2012Annual Report & Accounts 2012
2012Interim Results 2012
2012Audited Results for the year ended 31 December 2012
2011Lansdowne Annual Report 2011
2011Interim Results for the six months to 30 June 2011
2011RPS Energy, Competent Persons Report (“CPR”)
2010Lansdowne Annual Report 2010
2010Interim Results to 30 June 2010
2009Lansdowne Annual Report 2009
2009RPS Energy, Competent Persons Report (“CPR”), February 2009
2008Lansdowne Annual Report 2008
2008Lansdowne Preliminary Results 2008
2007Lansdowne Annual Report 2007
2007Lansdowne Preliminary Results 2007
2007Lansdowne Milesian Circular 2007
2007Lansdowne Interim Report 2007
2006Lansdowne Interests - Ireland
2006Lansdowne Annual Report 2006
2006Lansdowne AIM Listing - April 2006

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.com
Web: www.lansdowneoilandgas.com