Lansdowne moves to cover cost of legal dispute with Statoil
Lansdowne Oil and Gas has invoked an agreement allowing it to raise £300,000 through a share placing to cover the cost of a legal dispute with Transocean.
Lansdowne Oil and Gas
UK court will not hear Providence’s appeal against Transocean payment ruling
The UK Supreme Court will not hear Providence Resources' appeal against a decision to make the Irish oil and gas explorer and its partner pay Transocean $7million.
Lansdowne stanches bleeding as steps taken to cover court loss
Lansdowne Oil and Gas reported a slight improvement in its financial position in what the Dublin-based firm described as a “very challenging” first half of 2016.
Lansdowne raises funds as it reports £15million loss
Lansdowne Oil and Gas posted a loss of £15million for the year to the end of December - including an impairment charge of £14.95 million.
Lansdowne seeks to raise essential funds through shares issue
Lansdowne Oil and Gas has called a meeting of shareholders giving them the opportunity to vote on the company's proposals to raise "essential" funds by issuing 350 million shares, devaluing the company in the process.
SeaEnergy has breathing space to keep going
Troubled north-east energy service firm SeaEnergy can keep going at least another few weeks after striking a deal with a preferred bidder for its Return to Scene (R2S) subsidiary.
Lansdowne lets go of Irish Sea licences
Lansdowne Oil & Gas has confirmed licences it holds in the Celtic Sea have expired after attempts to farm them out failed.
Lansdowne retains focus on Irish prospects
Upstream oil and gas independent Lansdowne Oil & Gas said lower drilling costs in the shallow water off Ireland's southern coast would help the company deliver high value resereves.
Lansdowne aims to raise more than £1million in share placement
Alternative investment market (AIM)-listed Lansdowne Oil and Gas said today it has placed 20,753,636 new ordinary shares with new and existing investors to raise about £1.04million before costs. The company, in which Aberdeenshire energy service group SeaEnergy has a 21.48% stake, has also issued a loan note to the value of £1,862,318 to 25.76% shareholder LC Capital Master Fund.