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As I said, I'm hoping for a successful Drombeg drill,...if Drombeg also does not work,..... then with the PVR strong Cash position, I would expect to see PVR priorities Barryroe commercial development,....EOG has plenty of other good UK assets of its own, so OK there. Then, as we saw today, AIM often overreacts to news, such as we had on Druid today,.....in a Drombeg Duster scenario, if we get a further overreaction to the downside on a Drombeg Duster,.... that is when I shall consider opening positions in the trading account,.....but what I want is a successful Drombeg result, hope we get one. BW
wraith...do you really BELIEVE ..successful Drombeg drill, ?
You make a good point Eoin600,.....I take the view, Barryroe will be progressed in 2017, whichever way drill goes. I'm hoping for a successful Drombeg drill, as that should put PVR in the best position to take Barryroe forwards,....it would also do wonders for my portfolio (read-across to EOG), where I'm holding a ratio of 10 PVR Core shareholding shares to 13 EOG Core shareholding shares,...so with my investment structure, Drombeg is the most important result for myself. BW
With that scenario It would be more likely if PVR had a farm out deal on Barryroe they would want to have concluded it prior to results on Druid & Drombeg as they would be in a stronger negotiating position but make it a condition that it was not announced until after D & D results that way they would be able to release news to help sp recovery on a duster of D&D.
Yep, onto Drombeg now,...with the Druid news today, I'm thinking there is an unbreached Drombeg top seal, not long to wait to find out. If Drombeg does not work out either, then I believe Barryroe will be in the spotlight,.... still sitting on hands myself (with my PVR, EOG, & LOGP positions), awaiting full results of Druid/Drombeg drill. BW
Hopefully will have to give more urgency to Barryroe. GL all
All the big oil men on PVR chat Ha Ha none of them ever stepped aboard a rig in their lifetime. talking SH.... Why they not Flow Test?? Answer you cannot run a D.S.T in open hole must have cased hole. Normal drill to T.D. set casing or liner. Set packers perforate and test on the way out. When drilling rate of penetration, Samples of cuttings, also core samples will have been taken One idiot said they would be sending samples to Whitegate, another said the Icemax has Twin Derricks. they can drill two B.H. at the same time It's better than a Andy Capp.
Had not thought of that scenario myself,....if I understand you correctly, in that scenario PVR would be waiting for Druid/Drombeg drill results, before signing off on a Barryroe deal,... & you believe, it's in the bag (Barryroe deal). BW
This would also explain the delay in the AGM.... would you hold your AGM now, if you had to face the wrath of disgruntled shareholders, if you know full well you could hold it a few days later after spectacular news... Someone knows - and someone took a big stake last week....
I think last Thursdays spike in volume was significant - in that I suspect someone, somewhere got wind that a deal is in the offing or already inked. Now, this is where the conspiracy theorist within me goes into overdrive. Who stands to benefit the most from a Barryroe farmout...LOGP obviously! It's our only asset! On release of this little gem - we will multibag - INSTANTLY! The only issue is, we don't have much say in it. PVR hold all the cards. Now, if the suntanned god from PVR has dragged himself away his luxury pool for long enough to get a deal signed - would he announce immediately? If I were in his shoes, I would sit on the announcement, to either rescue my shareprice should their current drill prove to be a duster - or send it into the next galaxy if they do hit oil at Druid and or Dromberg.... To announce a Barry deal on the back of that would send PVR ballistic. Whichever way you look at it, I think a deal has been agreed, but disclosure is being withheld......
Thats a good question, last year's AGM was on 20 July 2016,....this year's 2017 AGM, is well overdue, when comparing to last years date!! Don't know what we are waiting for!!?,...what we do know by guidance given, is that PVR are in current commercial discussions, with interested parties, regarding a Barryroe Farmout,...which of course could come at any time, & is also well overdue (was expected first quarter 2017). BW
When is the AGM? Why hasn't it been announced?
Agree...
And that was a sell
My broker is quoting 1.25 to sell 150000 and 1.35 to buy....usually get a discount on the buys so 1.3 trades from today and Friday are probably buys.1.25 and thereabouts are probably sells imo.
Yes I do indeed
Anybody reckon those 2 trades are buys?
I reckon you are bang on the money there. 5p first target rising to 10.5 I'm sure. Just needs a bit more patience.
SQZ bought their Erskine asset for $2.17 per BOE…a real bargain. A few years earlier NS assets were being sold for around $10 boe. LOGP has 70 million boe 2C………MC of about $7-10 million atm……….anyone think we are a bit cheap? Valued at about$.1 per boe PVR well positioned now to secure a decent farm out and when it happens LOGP will do multiples from ths SP. 5p is my first target
Welcome aboard alb791,...been strapped in here at LOGP since early 2017 myself, in anticipation of Barryroe Farmout. BW
Are these shares beginning to rerate? Without farm out news where can they realistically get to?
So do I bud...but I reckon u done OK. Probably all come together quite soon anyway. Licence extended till 2021. Fully funded for next year's ops. Partner pretty cash rich with potential very good news in the offing, and Total developing an interest in Irish offshore prospects. What's not to like!
Took my profit from ANGS and moved into here yesterday... hope I did the right thing!
Perhaps someone had a bad day and clicked At Best by mistake LOL. Should really call it At Worst.
Just saw the 3p trade now but it's immediately followed by a trade of the same volume at a lesser price