Exploration Licence Award

Lansdowne Oil & Gas plc
16 April 2008


                                                                   16 April 2008


                            Lansdowne Oil & Gas plc
                         ('Lansdowne' or the 'Company')

                Exploration Licence Award and Acreage Extension


Lansdowne Oil & Gas plc, the Dublin-based exploration company, is pleased to
announce that its recently acquired wholly-owned subsidiary Milesian Oil & Gas
Limited ('Milesian') has been awarded a new exploration licence in the North
Celtic Sea basin, off the south coast of Ireland.

Standard Exploration Licence 5/08 is a successor authorisation to Milesian's
previously held Licensing Option (05/2) and covers an area of 449 sq kms over
parts of blocks 47/25, 48/21, and 48/22. The blocks are located 30 kms from the
coastline, in water depths of approximately 100 metres.

The Norwegian based company, Wavefield Inseis ASA, has been contracted to carry
out a 2D seismic survey of approximately 485 kms over the Amergin and Eremon
structures that have been mapped from existing seismic data. Amergin has been
independently verified as having best case potentially recoverable prospective
resources of 63 million barrels of oil equivalent ('MMBOE').

The M/V Malene Ostervold seismic vessel is expected to arrive in Irish waters
and to commence operations on behalf of Milesian at the end of this month.

Standard Exploration Licence 5/08 is valid for a period of six years (in two
three year phases) during which Milesian is required to drill an exploration
well and to complete the acquisition of 300 kms of new seismic data within the
first three year phase. The proposed acquisition of new seismic data will fulfil
the latter obligation. Under the terms of the licence, on 31 March 2011 Milesian
is required to surrender 50 per cent. of the licence area.

Lansdowne has also been awarded an extension to the area of Exploration Licence
4/07 (Midleton / East Kinsale) to take in part of Block 49/13, held previously
by Milesian under Licensing Option 05/1. The area has been extended to encompass
a fault block lead identified at Jurassic level and this will be evaluated
further in conjunction with the prospects already identified on Midleton / East
Kinsale at the Cretaceous level. The new area of Licence 4/07 is 542 sq kms
compared with the previous area of 494 sq kms.


Emmet Brown, Business Development Director of Lansdowne, commented:

'Lansdowne now has a balanced portfolio of near-term exploration and appraisal
gas satellite prospects along with these large, oil prospective targets. We are
delighted with this award and the extension and look forward to quickly
completing the seismic programme, the results of which should underpin the
potential of this new licence and lead to exploratory drilling on one or both of
the prospects. We are currently talking with potential farm-in partners in this
regard.'




Enquiries:

Lansdowne Oil & Gas plc
Stephen Boldy, CEO                                          Tel: [phone]
Emmet Brown, Business Development Director                  Tel: [phone]
John East & Partners Limited
David Worlidge                                                Tel: [phone]




Notes to Editors:

Lansdowne Oil & Gas plc is an independent oil and gas exploration company listed
on the AIM market in London with its operations focused on the Irish offshore
North Celtic Sea basin. Its operating headquarters is in Dublin.

The Company was founded in December 2005 and admitted to AIM in April 2006
having acquired from Ramco Energy plc its portfolio of Irish exploration and
appraisal assets that flank the Kinsale Head gas field and its infrastructure.
The Company recently significantly expanded its North Celtic Sea portfolio
through the acquisition of Milesian Oil & Gas Limited in December 2007 with its
identified exploration prospects for Jurassic oil and gas.

Following the acquisition and interpretation of this new seismic further
consideration may become payable to the Milesian vendor shareholders.

An updated Independent Technical Report relating to Milesian's acreage will be
commissioned following the conclusion of the seismic programme. If that report
confirms best case potentially recoverable prospective resources of at least 63
MMBOE then a further 2,333,419 new shares in Lansdowne will be issued to the
Milesian vendor shareholders.

Additionally for each 1 MMBOE of best case potentially recoverable prospective
resources above 63 MMBOE, but capped at a total of 155 MMBOE a further 62,790
new Lansdowne shares will be issued to the Milesian vendor shareholders.
Therefore a maximum of 8,110,099 new Lansdowne shares may become issuable where
the best case potentially recoverable prospective resources reach 155 MMBOE.

Further information on Lansdowne is available at Lansdowne's website at
www.lansdowneoilandgas.com




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