Lansdowne Oil & Gas PLCLSE Lansdowne Oil Stock Report

Lansdowne Oil & Gas Plc is an oil and gas exploration company, which focuses on the exploration of oil and gas reserves in the North Celtic Sea Basin offshore Southern Ireland. The company is headquartered in Dublin, Dublin and currently employs 1 full-time employees. The company went IPO on 2006-04-21. The firm is focused on exploration and appraisal opportunities for oil and gas reserves offshore Ireland. The firm has targeted the Irish offshore shelf areas for exploration, which provide shallow water prospects (generally less than 100 meters). The firm explores and develops its licensed areas in the North Celtic Sea basin, off the south coast of Ireland. The firm has interests in the two licenses, both of which are in Irish waters. The firm holds a 20% interest in 01/11 Barryroe Exploration Licence and 9% interest in Helvick Lease Undertaking. Licence 1/11 (Barryroe) incorporates part blocks 48/22,48/23, 48/24,48/27,48/28,48/29 and 48/30, which cover an area of 614 square kilometers (km) and lie along the axis of the North Celtic Sea Basin. The Helvick Field is situated approximately 40 km offshore Ireland in circa 80m (265ft) water depth.