LANSDOWNE OIL & GAS PLC (LOGP)

LANSDOWNE OIL & GAS PLC (LOGP)

AGM Reports

Lansdowne Oil & Gas (LOGP) AGM Report 2013

I have held a modest shareholding in Lansdowne (LOGP) for a few months. My rationale for buying was that the company has a 20% interest in the Barryroe discovery, offshore Ireland in the Celtic Sea, where Providence Resources owns the balance and is operator. This discovery has audited 2C recoverable contingent resources of 69mmboe net to Lansdowne, with considerable potential upside at Barryroe and numerous other prospects. Lansdowne’s market cap. of ~£62m at the time I bought seemed rather low to me for a discovery of that ...