Organisation: Lansdowne Oil and Gas

A COMPREHENSIVE SERIES OF ARTICLES ON THIS TOPIC

Providence is targeting the drilling of fresh appraisal wells at Barryroe by late summer 2021 and could be producing oil from the field by the middle of 2022. Picture: Finbarr O’Rourke

business

Providence bucks crisis to raise €3m and land Barryroe partner

Irish oil and gas exploration company Providence Resources is set to raise $3.3m (€3.05m) in emergency funding and hopes to formally have a new development partner for its flagship Barryroe field in place by the end of October.

business

Providence Resources back on hunt for more money as Barryroe interest ramps up

Providence Resources is once again looking for fresh money, saying it is “considering its funding options” as it only has sufficient working capital to cover its costs through to the end of next month.

business

Providence's Barryroe approval turns spotlight back on funding

Irish exploration company Providence Resources is set to commence a long-awaited site survey of its flagship Barryroe field later this month after finally receiving formal approval from the Government.

business

Barryroe drilling 'may be pushed into 2020' due to approval and funding delays

Geoff Percival: Irish Oil has five years to prove itself

business

Providence Resources set to save €2.3m in legal costs

Pressure on Circle Oil as time called on $20m loan

Pressure is mounting on Irish-founded exploration firm Circle Oil, with one of its chief lenders looking for a $20m (€18.3m) loan to be repaid, with interest, next month.

Thu, 20 Oct, 2016

Irish oil firms slash first-half losses

Petrel Resources — the Irish AIM-listed exploration firm — has reported a near 28% narrowing in first-half losses.

Tue, 27 Sep, 2016

(FILES) Picture taken 15 January 2007 sh

Providence Resources set to be saved through €66m share sale

Providence Resources — the Tony O’Reilly Jr-led exploration firm — has announced plans to raise nearly $74m (€66m) in fresh funds via what is, essentially, a company saving share sale.

Wed, 22 Jun, 2016

Lansdowne Oil and Gas shares to restart trading

Troubled Irish explorer Lansdowne Oil and Gas has applied for a resumption of trading in its shares to take effect from Wednesday of this week.

Mon, 20 Jun, 2016

Lansdowne removes ‘for sale’ sign after fund raise

Irish exploration firm Lansdowne Oil and Gas has shelved its sales process after the successful raise of £2.1m (€2.7m), allowing it to pay off debt and meet working capital requirements into next year.

Sat, 18 Jun, 2016

Lansdowne Oil and Gas launches emergency funding bid

Troubled Irish exploration firm Lansdowne Oil and Gas is seeking shareholder permission to issue new shares in the company in a bid to raise fresh equity to pay off debt and remain afloat.

Tue, 24 May, 2016

Celtic Sea assets expire following Lansdowne Oil and Gas farm-out failure

Troubled Irish exploration firm Lansdowne Oil and Gas has been dealt a fresh blow with the announcement two of its exploration licences in the Celtic Sea have expired following failure to find farm-out partners to further develop the assets.

Wed, 27 Apr, 2016

Providence debt deal in focus on costly legal ruling

A costly court ruling yesterday put the spotlight on the terms of the debt deal that Providence Resources struck with Melody Finance late last year, as the Barryroe oil and gas explorer led by Tony O’Reilly Jnr unexpectedly lost a multi-million euro legal dispute with an international drilling company over delays in the Celtic Sea.

Thu, 14 Apr, 2016

Optimism prevails in Irish offshore despite low oil prices

Low prices pose major challenge for sector, writes Geoff Percival.   

Sat, 02 Jan, 2016

Drilling blow narrows Lansdowne’s options

Management at Lansdowne Oil and Gas has maintained the company still has a future, despite highly anticipated drilling at one of its assets in the Celtic Sea failing to find any commercial potential.

Sat, 15 Aug, 2015

Barryroe extension boosts Providence

Shares in Providence Resources soared by nearly 12% yesterday on the back of the Dublin-based explorer being granted an extension to its highly rated Barryroe field in the Celtic Sea.

Wed, 19 Feb, 2014

Oil announcement boosts shares

Shares in an exploration company are expected to soar after it announced an oil well discovered off the Cork coast could produce four times more than first thought.

Wed, 25 Jul, 2012

One billion barrels at Barryroe oil field

Fresh estimates concerning how much oil exists at the Barryroe field, off the Cork coast, have hinted at around one billion barrels, three times higher than previous expectations.

Sat, 07 Jul, 2012

Providence: Barryroe gas flows better than expected

Exploration company Providence Resources has said that its Barryroe well offshore Cork has produced more gas than had been expected.

Fri, 23 Mar, 2012

O’Reilly: Three years before oil flows

It will be at least three years before any oil is produced from Ireland’s first commercial oil well — 50km off the Cork coast.

Fri, 16 Mar, 2012

Cork offshore well successfully flows oil and gas

An exploration company has struck oil and discovered the first commercial well off the Irish coast.

Thu, 15 Mar, 2012

Oil-drilling success sends Providence shares up 11%

A massive oil flame flare on the GSF Arctic III rig could be seen by ships 50km off the Cork coast yesterday.

Thu, 15 Mar, 2012

Oil discovery could attract big business

Ireland is set to become a major focus of large international companies looking for oil, if the initial test flows from Providence Resources appraisal oil well — 50km off the Cork coast — prove to be commercial.

Wed, 14 Mar, 2012

Hunt for $1 trillion worth of Irish oil to begin

THE largest concerted oil and gas drilling campaign ever carried out off the coast of Ireland will begin this summer in search of reserves which a government study has suggested could be worth as much as $1 trillion at current prices.

Sat, 23 Apr, 2011