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Lansdowne Oil & Gas ( (GB:LOGP) ) has provided an announcement.
Lansdowne Oil & Gas has announced a Convertible Loan Agreement for GBP 45,000 to provide working capital while it pursues its Energy Charter Treaty claim against Ireland and works towards a reverse takeover. The company plans to raise more funds through the CLN process and expects its shares to remain suspended on AIM until the completion of a reverse takeover or re-admittance as an investing company.
More about Lansdowne Oil & Gas
Lansdowne Oil & Gas is an oil and gas exploration and appraisal company headquartered in Dublin, focusing on the North Celtic Sea. It is listed on the AIM market and has faced challenges such as the refusal of a Lease Undertaking for the Barryroe Field by the Irish government and has initiated actions under the Energy Charter Treaty.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.39M
See more insights into LOGP stock on TipRanks’ Stock Analysis page.