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Lansdowne Oil & Gas ( (GB:LOGP) ) has provided an update.
Lansdowne Oil & Gas has raised an additional £100,000 through unsecured, interest-free convertible loan notes from existing shareholders, bringing the total outstanding to £330,000, to provide working capital. The company plans to use the funds to progress the final stages of a potential reverse takeover targeted for completion in the first quarter of 2026, with the loans converting into new shares at either the pre-suspension share price or at a discount to any future issue price. Trading in Lansdowne’s shares on AIM will remain suspended until the reverse takeover is completed and approved by shareholders, or the company is readmitted as an investing company, underscoring its transitional status as a cash shell while it seeks a transaction to reshape its operations and market position.
More about Lansdowne Oil & Gas
Lansdowne Oil & Gas plc is a Dublin-headquartered oil and gas exploration and appraisal company quoted on AIM, focused on assets in the North Celtic Sea. After the refusal in 2023 of a lease undertaking for the Barryroe Field, where it held a 20% interest, the company initiated arbitration under the Energy Charter Treaty and was later designated a cash shell, leading to the suspension of its shares on AIM in March 2024; in December 2025 it secured third-party litigation funding to pursue its claim against Ireland.
Technical Sentiment Signal: Sell
Current Market Cap: £1.39M
For detailed information about LOGP stock, go to TipRanks’ Stock Analysis page.