Lansdowne Oil and Gas has received the processed three-dimensional (3D) seismic surveys carried out this summer over the Amergin, Rosscarbery and Midleton prospects in the North Celtic Sea Basin, offshore Ireland.
Chief executive officer Dr. Steve Boldy said: "Lansdowne believes 3D seismic will provide the key to unlocking the potential of the North Celtic Sea Basin. Interpretation is now underway and this will be followed by farming down ahead of planned exploratory drilling in 2012."
The share price fell 1.48% to 33.25p by 12:41.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
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
NR
-
-
Survive a financial nuclear winter
The “cockroach portfolio” is as hardy as the indestructible insect it is named after, says Dominic Frisby
-
NatWest-owned Ulster bank boosts easy access savings rate to 5.2%
Rates on easy access savings accounts have hit over 5%, with Ulster Bank now giving savers the chance to earn 5.2% on their cash savings. We have all the details.
