LANSDOWNE OIL & GAS PLC ORD GBP0.0001
Symbol: LOGP
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Company
Business Summary
Lansdowne Oil & Gas PLC is an independent oil and gas exploration company. The Company is focused on oil and gas exploration and appraisal opportunities in the North Celtic Sea Basin (NCSB) offshore southern Ireland. The Company has targeted the Irish offshore shelf areas close to existing operating infrastructure for exploration, as these provide shallow water. The Company explores and develops its licensed areas in the North Celtic Sea basin, off the south coast of Ireland. Its Helvick Field is situated approximately 40 kilometers (km) offshore Ireland at c. 80m (265ft) water depth. The license 1/11 (Barryroe) incorporates part blocks 48/22,48/23, 48/24,48/27,48/28,48/29 and 48/30; covering an area of 614 square kilometers, and lying along the axis of the North Celtic Sea Basin. The Barryroe License is held by Lansdowne Celtic Sea Limited (20%), a 100% subsidiary of the Company, and EXOLA DAC (80%), a 100% subsidiary of Providence Resources P.l.c.
Financial Summary
BRIEF: For the six months ended 30 June 2023, Lansdowne Oil & Gas Plc revenues was not reported. Net loss increased from £158K to £16.1M. Higher net loss reflects Impairment of intangible assets increase from £0K to £15.9M (expense), Finance costs increase from £28K to £109K (expense). Basic Earnings per Share excluding Extraordinary Items totaled to -£0.02.
Financials
Income Statement - All values are in GBP (M).
Year Ending |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
31/12/2017 |
---|---|---|---|---|---|---|
Total Revenue | NIL | NIL | NIL | NIL | NIL | NIL |
Gross profit | NIL | NIL | NIL | NIL | NIL | NIL |
Operating Profit/Loss | -0.22 | -0.08 | -0.35 | -0.12 | -0.19 | -0.23 |
Profit Before Tax | -0.36 | -0.13 | -0.41 | -0.18 | -0.29 | -0.35 |
Profit After Tax | -0.36 | -0.13 | -0.41 | -0.18 | -0.29 | -0.35 |
Equity Holders of Parent Company | -0.36 | -0.13 | -0.41 | -0.18 | -0.29 | -0.35 |
Minority Interest | NIL | NIL | NIL | NIL | NIL | NIL |
Balance Sheet - All values are in GBP (M).
Year Ending |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
31/12/2017 |
---|---|---|---|---|---|---|
Total Non-Current Assets | 16.34 | 16.13 | 15.69 | 15.54 | 15.31 | 14.67 |
Total Current Assets | 0.03 | 0.22 | 0.65 | 0.04 | 0.21 | 0.04 |
Total Assets | 16.37 | 16.35 | 16.34 | 15.58 | 15.52 | 14.71 |
Total Liabilities | 1.62 | 1.69 | 1.56 | 2.02 | 1.81 | 2.56 |
Total Net Assets | 14.75 | 14.65 | 14.78 | 13.56 | 13.71 | 12.15 |
Shareholders Funds | 14.75 | 14.65 | 14.78 | 13.56 | 13.71 | 12.15 |
Minority Interests | NIL | NIL | NIL | NIL | NIL | NIL |
Total Equity | 14.75 | 14.65 | 14.78 | 13.56 | 13.71 | 12.15 |
Outlook
Time & Sales
All prices are in GBX and times are in GMT. Last 20 trades shown. Trade type is estimated and should be treated as indicative only.
Date | Time | Price | Volume | Type |
---|---|---|---|---|
15 Nov 2022 | 15:23 | 0.45 | 100,000 | Sell |
15 Nov 2022 | 15:22 | 0.45 | 100,000 | Sell |
15 Nov 2022 | 15:21 | 0.451 | 150,000 | Sell |
15 Nov 2022 | 15:20 | 0.455 | 300,000 | Sell |
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