1. Add 1 tablespoon of olive oil to a skillet and heat. Add sliced shallots and saute for 5 minutes.
2. Add shallots, cream cheese, sour cream, white cheddar cheese, old bay seasoning, lemon juice, and pepper to a large bowl. Mix until combined.
3. Fold in lobster meat. Saving a few pieces for garnish. Spoon into baking dish.
4. Heat butter in a pan, add panko, and toast until golden brown, about 3 minutes.
5. Sprinkle over lobster dip. Bake for 25 minutes on 375 degrees.
7. Top with remaining lobster, fresh parsley, and serve with crackers or baguette slices!