Barryroe Oil Field Operational Update
Thursday 28 September 2017
In July the Barryroe partners (Lansdowne 20%) were granted an extension to the duration of Standard Exploration Licence 1/11 (SEL 1/11) which contains the Barryroe oil field.
o Two year extension of the First Phase of Standard Exploration Licence 1/11, to July 2019
o Further two year extension of overall terms of Standard Exploration Licence 1/11, to July 2021
o Extension work programme includes the evaluation of newly reprocessed 3D seismic data together with an assessment of the Jurassic and Triassic exploration potential of the licence area.
ยท Throughout the first half of the year, Providence Resources ("Providence"), which holds 80% of Barryroe, continued farm-out negotiations on behalf of the Barryroe partnership and discussions are continuing with a number of parties who are active in the dataroom.