PSE Seven Heads Ltd, a wholly owned subsidiary of PSE Kinsale Energy Ltd, entered into a farm-in agreement with Lansdowne Oil and Gas Plc. in 2014, whereby PSE Seven Heads Ltd became operator of Standard Exploration Licence (SEL) 04/07.
Seismic surveys (2D and 3D) carried out in the period 2008–2011 in Blocks 49/11 and 49/12 within SEL 04/07 identified the Midleton prospect. An exploration well was drilled on this prospect in 2015, but discovered only non-commercial quantities of hydrocarbon gas.
PSE Seven Heads Ltd continues to evaluate the remaining potential on Licence SEL 04/07