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LOGP Lansdowne Oil & Gas Plc

0.10
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Lansdowne Oil & Gas Plc LSE:LOGP London Ordinary Share GB00B1250X28 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.10 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 0 -364k -0.0003 -3.33 1.19M

Providence Resources: Court Rejected Appeal In Transocean Lawsuit

09/11/2016 8:58am

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LONDON--Irish oil and gas explorer Providence Resources PLC (PZQA.DB) said Wednesday that the U.K. supreme court has rejected its application to appeal against a previous lower court in regards to a lawsuit between the company and Transocean Drilling U.K. Ltd., a unit of Transocean Ltd. (RIGN.EB).

The lawsuit arises from the use of the semi-submersible drilling unit, Arctic III, on the Barryroe oil field located offshore Ireland in 2011/2012. Providence owns 80% interest and Lansdowne Oil & Gas PLC (LOGP.LN) owns remaining stake in the oil field.

The supreme court ordered that permission to appeal be refused as it doesn't raise a point of law of general public importance, Providence said.

 

Write to Tapan Panchal at tapan.panchal@wsj.com

 

(END) Dow Jones Newswires

November 09, 2016 03:43 ET (08:43 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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