Lansdowne slides to bigger first-half loss
Lansdowne Oil & Gas slid to a £620,000 loss over the six months to 30 June, compared to a loss of £429,000 the year before, the Dublin-based group announced today.
Chairman John Greenall said today that his highlight over the six months was the Barryroe oil field, in which Lansdowne has a 20 per cent interest.
In March Providence Resources, which has a majority interest in Barryroe, said during testing the well had produced over 3,500 barrels of oil a day.
“All in all, the period ahead promises to be an exciting one and I hope to be able to report continued progress in the weeks and months ahead,” said chairman Greenall.