EARNINGS: Lansdowne Oil & Gas loss widens as litigation continues
27th Oct 2025 15:03
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
Lansdowne Oil & Gas PLC - Exploration company with licences in the Irish offshore shelf areas, designated a cash shell in September 2023 - Says all workstreams for its planned reverse takeover are "well advanced" with completion planned for the fourth quarter of this year. The RTO's completion will require the publication of an admission document, RTO approval at the annual general meeting, and the readmission of Lansdowne's shares to trading on AIM. Lansdowne, alongside announcing its overdue audited results for 2024 in August, said work had continued on "a planned [RTO] with a view to seeking re-admission to trading on AIM". Read More
Lansdowne Oil & Gas PLC - Exploration company with licences in the Irish offshore shelf areas - Inks convertible loan agreement for GBP45,000 with a number of existing shareholders. Expects to use the funds for working capital as discussions advance with potential funders for its Energy Charter Treaty claim against Ireland, and work progresses toward a potential reverse takeover. Says loan terms are the same as those previously entered into and announced on September 20 last year. It is unsecured, carries no interest and shall be converted at the time of completing a reverse takeover, subject to shareholder approval for the extension of share issuance authorities. Company is also in the process of completing its accounts for the full-year to December 31 2023 and six months to June 30 2024. Says it expects to raise further funds through the CLN process in the coming weeks as required. Adds that its shares on AIM will remain suspended until the completion of a reverse takeover or the company is readmitted to trading on AIM as an investment company. Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced in the past week and not separately reported by Alliance News: Read More
Lansdowne Oil & Gas - Exploration company with licences in the Irish offshore shelf areas - Says that shareholder will receive an economic benefit relating to their shareholder if the company is successful in its ongoing claim against the Irish government, following its refusal to grant the company a lease undertaking for the Barryoe gas field. In May, the company was informed by the Irish environmental department that the Barryroe lease undertaking would not be granted, after the company had invested USD20 million in the project. Lansdowne is pursuing a claim against the country through the Energy Charter Treaty, an international agreement permitting companies to sue national governments. Lansdowne says that the benefit will be taken from the net proceeds of the ECT claim, after legal and ancillary cost deductions, but notes that there is no guarantee of success. Read More
Lansdowne Oil & Gas - Oil and gas company focused on licences in the North Celtic Sea - Appoints Mantle Law to lead the company's litigation against the Irish government following its refusal to award Lansdowne a lease undertaking for the Barryoe gas field. In May, the company was informed by the Irish Department of the Environment, Climate & Communications that the Barryroe lease undertaking would not be granted. Lansdowne had invested USD20 million in the project, and is now pursuing a claim against the country through the Energy Charter Treaty, an international agreement permitting companies to sue national governments. Mantle Law has offices in London and Abu Dhabi, and its team consists of "the best dispute and arbitration lawyers in the construction, infrastructure and energy sectors", according to Lansdowne. Read More
Lansdowne Oil & Gas PLC - North Celtic Sea-focused oil and gas company - Says focus is on progressing its Energy Charter Treaty claim against Ireland following the refusal to award a lease undertaking for the Barryroe oil and gas field, as it believes that an alternative pathway, allowing the development of Barryroe, would deliver greater energy security at lower cost and with lower associated emissions. Read More
Lansdowne Oil & Gas PLC - North Celtic Sea-focused oil and gas company - Places 40.0 million firm shares and 160.0 million conditional shares at 0.1 pence each, to raise GBP200,000. Placing of conditional shares depends on passing "certain resolutions" at upcoming general meeting on December 29. Company will use proceeds to meet expected working capital requirements through to the end of June 2024. It was designated an AIM Rule 15 cash shell on September 20, and must achieve a reverse takeover by March 20. Read More
(Alliance News) - The following is a round-up of earnings updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - Lansdowne Oil & Gas PLC on Friday provided an update on the arbitration process regarding the Barryroe lease undertaking application, saying if a decision is not awarded soon it could become a cash shell. Read More
(Alliance News) - Lansdowne Oil & Gas PLC on Thursday said it has raised GBP200,000 through a placing of 200.0 million new shares at 0.1 pence each. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - Barryroe Offshore Energy PLC shares were suspended on Monday, after it said it intends to wind down the company through a creditors voluntary liquidation. Read More
(Alliance News) - Barryroe Offshore Energy PLC on Thursday said it has EUR176,000 left in its coffers, which amounts to about three weeks of working capital. Read More
(Alliance News) - Barryroe Offshore Energy PLC on Thursday said it has EUR176,000 left in its coffers, which amounts to about three weeks of working capital. Read More