The timing and the price movement and also a couple of people I know were struggling to buy dictates it was a BUY. This is why the MM has opened up the spread. They are looking for sellers but no one is obliging.
I think LOGP will move much higher than 2p and quickly. Barryroe is one of the largest undeveloped oil discoveries in the EU at 345 MB recoverable 2C, excluding the very significant upside appraisal and exploration potential in the stacked intervals. LOGP's share of 69 MB 2C is currently valued at only 10p per barrel, which is absurd. Even just reversion to a sensible valuation will blow the doors off here and a farm out deal could see this go supernova. 5p first target IMO. GLA
I was expecting a tick down to the 1.20p area earlier and then buy in, but this has defied that and looks as though it is heading at least for now to test 2p. I will check in detail at close, but this action today is very strong.
I agree. I was looking at PVR 12p and stalled. I regret that now, but bought into NUOG as I feel they going to be rerated soon. However going back to visit PVR I stumbled across the Barryroe Farmin and saw LOGP. What an alternative! as you say this is a good one to tuck away.
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