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Petroceltic International PLC - Mergers & Acquisitions (M&A), Partners...
Summary Marketline's Petroceltic International PLC Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Petroceltic International PLC since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive bre...
Lansdowne Oil & Gas plc (LOGP) - Oil & Gas - Deals and Alliances Profi...
Summary Lansdowne Oil & Gas plc (Lansdowne) is an oil and gas company that provides oil and gas, and mineral explorations. The company provides crude oil and natural gas exploration and appraisal opportunities in the North Celtic Sea Basin offshore in southern Ireland. It operates its explorations projects in Midleton/East Kinsale, Amregin, Rosscarbery, Barryroe, Helvick, and Barryroe North. Lansdowne’s Barryroe North properties are located to the north and west of the Barryroe oil field. The...
Ford Equity International Rating and Forecast Report
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
QuickView: Barryroe licence area and term extended
Lansdowne (LOGP) has recently announced a successful two-year extension and areal increase to the SEL 1/11 licence that contains the 339mmboe (2C) Barryroe discovery (20% WI). The agreed extension allows operator Providence Resources (80% WI) more time to execute the required farm-out agreement to fund appraisal and development of Barryroe. Since our last update LOGP reported the results of the Midleton exploration well as disappointing, having encountered good reservoir quality yet uncommercial...
QuickView: Midleton exploration well to spud in August
On 22 June, Lansdowne (LOGP) announced that Kinsale Energy (a subsidiary of Petronas) has contracted a rig to drill a well on the Midleton gas prospect. Midleton is in the North Celtic Sea offshore Ireland and is estimated to contain 268bcf of prospective resources. Following a November 2014 farm-out agreement with Kinsale, Lansdowne owns a 20% WI and is fully carried on well drilling costs. The well is expected to spud in August 2015, earlier than previously expected. It is likely that a discov...
QuickView: Additional breathing room ahead of farm-out
On 10 March, Lansdowne (LOGP) announced that it had placed £1.04m worth of new shares and issued a £1.86m non-convertible, one-year loan from its major shareholder LC Capital Master Fund. The placing and loan issue were partly triggered by the recent c $7.5m settlement with Transocean (RIG), of which LOGP’s share is c $1.5m (c £1.0m) due by end March. The £2.9m liquidity injection gives LOGP welcome breathing room until year end while it awaits a Barryroe farm-out. In February, LOGP and Pr...
QuickView: Progress on Barryroe farm-out
On 9 February, Lansdowne (LOGP) and operator Providence (PVR) announced that they had reached agreement on commercial terms with a proposed farminee on Barryroe. The farm-out remains contingent on the proposed farminee’s ability to raise sufficient funding. As such, it is clear that the proposed buyer is not a major and there can be no certainty a deal will be concluded given funding challenges in the oil and gas sector. Nonetheless, this news represents commendable progress at a time when nat...
QuickView: Celtic Sea farm-out announced
On 19 November 2014, Lansdowne (LOGP) announced it had entered into a farm-out agreement with Kinsale Energy, a subsidiary of Petronas, on licence SEL 4/07 offshore Ireland, which contains the 268bcf Midleton gas prospect. Kinsale will acquire an 80% WI in the licence and carry Lansdowne for 100% of the well drilling costs. The farm-out is good news for Lansdowne, which is dependent on farm-outs to fund the drilling of its portfolio of exploration and appraisal prospects. Importantly, the agreem...
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