StockMarketWire.com - Oil explorer Lansdowne Oil & Gas said it had raised £488K through an equity placing to help fund a development in the Celtic Sea.

The proceeds would be used to meet the company's expected share of costs associated with the Barryroe project offshore Ireland, and fund ongoing working capital requirements until the end of 2020.

About 81.3m new shares were issued at 0.6p each.

At 9:03am: [LON:LOGP] Lansdowne Oil Gas PLC share price was +0.08p at 0.65p



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