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The latest update is out from Lansdowne Oil & Gas ( (GB:LOGP) ).
Lansdowne Oil & Gas plc has provided an update on its planned Reverse Takeover (RTO), with all workstreams progressing well and completion targeted for Q4 2025. The company’s shares remain suspended from trading on AIM pending the RTO’s completion, which requires an admission document and shareholder approval. Successful completion of the RTO could significantly impact Lansdowne’s market positioning and operations, potentially providing new opportunities for stakeholders.
More about Lansdowne Oil & Gas
Lansdowne Oil & Gas is an exploration and appraisal company focused on the North Celtic Sea, headquartered in Dublin and listed on the AIM market. The company previously held a 20% interest in the Barryroe Field, but its application for a Lease Undertaking was refused in May 2023. Lansdowne has since initiated arbitration under the Energy Charter Treaty and was designated as a cash shell in September 2023, leading to the suspension of its shares on AIM.
Technical Sentiment Signal: Sell
Current Market Cap: £1.39M
For an in-depth examination of LOGP stock, go to TipRanks’ Overview page.