Register
Login:
Share:
Email Facebook Twitter


RNS VIDEO: Reabold Resources #RBD raise £6 million and take stake in Danube Petroleum


Lansdowne Oil Share Chat (LOGP)



Share Price: 0.925Bid: 0.90Ask: 0.95Change: 0.00 (0.00%)No Movement on Lansdowne Oil
Spread: 0.05Spread as %: 5.56%Open: 0.925High: 0.925Low: 0.925Yesterday’s Close: 0.925


Share Discussion for Lansdowne Oil


Thread View

Please login or register to post a message on Share Chat.

Posts per page:


wraith
Posts: 5,138
Observation
Opinion:No Opinion
Price:0.925
RE: JH77
30 Nov '17
With the 60 business day Option, Total have to Farm-In to a 35% interest in FEL 2/14 (FEL 2/14 contains the Paleocene "Druid", Lower Cretaceous "Drombeg" and Jurassic "Diablo" exploration prospects).
Source: http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/PVR/13251554.html

You are hopefully right there JH77, "calm before the storm ",.....I'm looking at the period, from 18/12/2017 to 31/01/2018, as a potential period, for Barryroe farm-out news myself.

BW
 
JH77
Posts: 1,217
Off Topic
Opinion:No Opinion
Price:0.925
RE: JH77
30 Nov '17
Gone a wee bit quiet again today wraith...calm before the storm hopefully! ATB
wraith
Posts: 5,138
Off Topic
Opinion:No Opinion
Price:0.925
RE: JH77
29 Nov '17
Holding several hundred thousand LOGP shares myself JH77 (all LOGP shares, held in two ISA's),....have a much larger (Funds Invested) position in PVR (some of the PVR shares, held in two ISA's),.... will be holding both LOGP & PVR ISA held positions, for Barryroe drill results, which I understand is targeted for the second half of 2018 or first half of 2019,.....both LOGP & PVR offer huge potential s/p upside, on a successful Barryroe drill results, (imo).

BW
swizz
Posts: 1,616
Premium Chat Member
Observation
Opinion:Buy
Price:0.925
Decent Synopsis
29 Nov '17
Something is stirring in the background,....GL S

Jonny @ III

looks like just the 2 buys have created a no stock available situation for the MM's.
Further buying likely to create a massive rise.

Some investors may be aware that I have until recently been a long term critic of barryroe.
The reason is that in the Celtic sea below the seabed is a thick layer of hard chalk rock which causes an echo in seismic known as a multiple and traditional seismic processing techniques to remove the multiple also reduce the signal strength of deeper layers of rock by circa 95% .
For thin sand reservoirs such as barryroe it means the reservoir cannot be traced on seismic through out the field.
Because the Celtic sea was inverted by a mantle plume circa 30 million years ago this caused shallow faults known as flower faults which compartmentalised the seven heads gas field which lies at a shallow depth above barryroe . Without seismic that can directly map the reservoir potential faults cannot be seen , with the result that project finance debt would not be available to develop the field and hence no farm outs for the last five years for a field with independent reported recoverable oil of 340 m bbls in which LOGP have a 20% interest.

Readers should look at the website of seismic image processing who have a track record in solving this problem and they have done so for barryroe.The results are very impressive so read the last barryroe update from pvr.

Now LOGP have 20% of barryroe and they have no money and they need $5m to pay for a well on barryroe that will lead to its development.
Can they farm it out.
Davy stockbrokers valued an undeveloped phase 1 development of barryroe at $5.81 per bbl earlier this year. Pvr recently advised that this next well will bring 168. Million bbls into the proved c90 category. Can LOGP farm out 50% for a carry of $5 million. The well is being drilled 200 feet up dip from the last well in a field with six wells drilled to date, the well locations are at the top of the structure so ideal as production wells. Assuming an investor got half of LOGP 20% the net reserves for the investment are worth $97 m for the phase 1 reserves at $5.81 per bbl per Davy and say $1 per bbl for the follow on reserves of 172 million bbls worth $17.2 million at total of $114m for an investment $5 million.
Can they farm it out with this new seismic, very definitely .
The value to LOGP for its remaining 10% after farm out is $114 million or £0.168 per share compared to a curent share price £0.009 an 18.6 x multiple.

The chances of success for drilling 200 feet up dip in a field with six wells and new high resolution seismic are very very high. I would estimate an 80% chance of success leading to a phase 1 field development.
I have purchased LOGP shares as they represent an extra ordinary low risk high reward opportunity.

I have changed my view on barryroe because the new data requires it.
highlander1970
Posts: 1,886
Off Topic
Opinion:No Opinion
Price:0.925
Oh Well
29 Nov '17
That didn't last long! LOL
JH77
Posts: 1,217
Off Topic
Opinion:No Opinion
Price:1.05
RE: JH77
29 Nov '17
Hi Mannan....Well, there have been reports that some breakthrough has been made on Barry roe. Namely an enhanced seismic has now verified that this field is a goer....so people are piling in as the share is seen as very undervalued with potential to be a multi bagger. Drilling is forecast first half of next year so it's a case of the early bird catches the worm. I've got a fairly hefty holding here and added another 100k on the strength of this.
mannnan
Posts: 38,243
Premium Chat Member
Question
Opinion:No Opinion
Price:1.05
JH77
28 Nov '17
when everything is falling why this rising ?
highlander1970
Posts: 1,886
Off Topic
Opinion:No Opinion
Price:1.05
RE: LOGP
28 Nov '17
Buyout for me please
JH77
Posts: 1,217
Off Topic
Opinion:No Opinion
Price:1.05
RE: LOGP
28 Nov '17
Stranger things have happened. I'd rather go the distance for greater rewards down the road post Barry roe.
kieffy
Posts: 4,899
Observation
Opinion:No Opinion
Price:1.05
LOGP
28 Nov '17
Large company ready to jump in here with a buyout.




Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk






Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.