Lansdowne Oil & Gas unveils seismic data for offshore Ireland prospects
North Celtic Sea-focussed Lansdowne Oil & Gas has published an operational update citing findings from its latest seismic inversion work in the Galley Head gas accumulation and Midleton and SE Rosscarbery prospects.
North Celtic Sea-focussed Lansdowne Oil & Gas has published an operational update citing findings from its latest seismic inversion work in the Galley Head gas accumulation and Midleton and SE Rosscarbery prospects.
Results of the seismic inversion highlighted positive fluid anomalies which were likely indicative of the presence of gas, the group stated. Additional fluid anomalies were also identified in the Upper Wealdon sands in Main Rosscarbery and other prospects.
The group stated that fluid anomalies endorsed the structural interpretations of the prospects and further de-risked the opportunities ahead of drilling.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
![https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748-320-80.jpg)
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Steve Boldy, Chief Executive Officer of Lansdowne Oil & Gas, said: "The results of the 3D seismic inversion work are exciting and positively demonstrate the benefits of using the latest technology. The Amergin oil prospect and the gas prospects have been substantially de-risked and the conceptual development studies endorse the commercial possibilities of these prospects."
AIM-listed Lansdowne has its headquarters in Dublin and the group's share price was up 0.9% to 53.50p at 11:22 on Thursday morning.
MF
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Review: The Bath Priory – a charming stay in an elegant city
MoneyWeek Travel Matthew Partridge visits the Roman ruins and takes the waters at The Bath Priory hotel’s luxurious spa
By Dr Matthew Partridge Published
-
Will Labour change the rules on pension tax relief?
Speculation is mounting that tax hikes could be announced in Rachel Reeves’s first Budget. Will pension tax relief rules be reformed?
By Katie Williams Published