Lansdowne Oil & Gas plc Initiation of Arbitration (0947E)
28 Junio 2023 - 1:00AM
UK Regulatory
TIDMLOGP
RNS Number : 0947E
Lansdowne Oil & Gas plc
28 June 2023
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the retained EU law version of the Market Abuse Regulations (EU)
No. 596/2014 ("MAR"). Upon the publication of this announcement via
Regulatory Information Service ("RIS"), this inside information is
now considered to be in the public domain. If you have any queries
on this, then please contact Steve Boldy, the Chief Executive
Officer of the Company (responsible for arranging release of this
announcement).
28 June 2023
Lansdowne Oil & Gas plc
("Lansdowne" or the "Company")
Barryroe Lease Undertaking Application
Initiation of Arbitration Process under the Energy Charter
Treaty ("ECT")
Further to the Company's announcement of 22 May 2023 that the
Company was formalising the engagement with external legal counsel
to pursue legal proceedings for the purpose of protecting its
investment in the Barryroe Project, Lansdowne is pleased to
announce that its legal advisors, Ashurst LLP, have submitted a
letter to Ireland giving notice pursuant to Article 26(2)(c) of the
Energy Charter Treaty, requiring Ireland to participate in
discussions with a view to settling the dispute within three months
of the date of such notice . Receipt of this letter has been
acknowledged.
Further updates will be made as appropriate, along with more
information on the claims sought by Lansdowne in this matter.
For further information please contact:
Lansdowne Oil & Gas plc +353 1 963 1760
Steve Boldy
SP Angel Corporate Finance LLP +44 (0) 20 3470 0470
Nominated Adviser and Joint
Broker
Stuart Gledhill
Richard Hail
Tavira Financial Limited +44 (0) 20 3192 1739
Joint Broker
Oliver Stansfield
Notes to editors:
About Lansdowne
Lansdowne Oil & Gas (LOGP.LN) is a North Celtic Sea focused,
oil and gas exploration and appraisal company quoted on the AIM
market and head quartered in Dublin.
For more information on Lansdowne, please refer to
www.lansdowneoilandgas.com .
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END
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