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EXCLUSIVE: David Lenigas answers investor questions in a detailed interview about UKOG, Doriemus, LGC Capital, AfriAg and Angus Energy.


Lansdowne Oil Share Chat (LOGP)



Share Price: 0.975Bid: 0.95Ask: 1.00Change: 0.00 (0.00%)No Movement on Lansdowne Oil
Spread: 0.05Spread as %: 5.26%Open: 0.975High: 0.975Low: 0.975Yesterday’s Close: 0.975


Share Discussion for Lansdowne Oil


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wraith
Posts: 5,050
Observation
Opinion:No Opinion
Price:0.975
RE: info
7 Oct '17
It's also fairly quiet, on the PVR board ekofisksean,....there is a lot of info on Barryroe, in the (September 21st
, 2017) PVR presentation link below;-
http://www.providenceresources.com/sites/default/files/PVR%20INVESTOR%20PRESENTATION%20-%20H1%202017%20RESULTS.pdf

BARRYROE, NORTH CELTIC SEA BASIN (SEL 1/11)
₋ Farm-out discussions continued, (on page 11 of link above).

PVR Cash position, (on page 14 of link above).

On page 16 of link above, the following Barryroe info is given;-
"BARRYROE, NORTH CELTIC SEA BASIN (SEL 1/11)
₋ Extension to the 1st phase of SEL 1/11 to July 2019 and overall licence extension of 2 years to July 2021
₋ New 3D seismic uplift provides significantly enhanced visualization of Barryroe reservoir interval
₋ Planning now underway for a well to be drilled in 2H 2018/1H 2019
₋ EOI issued for drilling rig
₋ Revised well cost estimates for single vertical well of c. US$ 20 million".

From page 34 onwards of link above, there is a lot of Barryroe info, (ie: Well costs US$ 20 million (DHC),.. US$ 5 million (side-track),..).

BW
 
ekofisksean
Posts: 21
Off Topic
Opinion:No Opinion
Price:0.975
info
7 Oct '17
where have all the experts disappeared to ??
beardozer
Posts: 168
Off Topic
Opinion:No Opinion
Price:0.975
From Down 8% To Up 5%
27 Sep '17
Even with a placing LOGP still looks a good bet or am I missing something? From 10-bagger to 5-bagger is still 5 bags. And how about a joint takeover offer for PVR and LOGP? Pocket money for a major oil company and there must be £millions in previous losses that would make the deal attractive. To be honest, I just want to be out of here with a profit!
I used to think my investment in LOGP would eventually buy me a house but now I'm thinking of a camper van. It would still be a decent return.
Barry_Allen
Posts: 421
Off Topic
Opinion:No Opinion
Price:0.975
I'm out
27 Sep '17
Sod this. Looks like beaufort going to knobble everyone on aim yet again
ekofisksean
Posts: 21
Off Topic
Opinion:No Opinion
Price:0.925
Re Barryroe Production
27 Sep '17
P.V.R./ L.O.G.P do not have the cash to produce Barryroe More important they do not have the technology, Dr John's Phd does not give him the authority to make any decisions aboard a drilling rig. In fact an Ass Driller has more authority. Drilling Rig's are not run by Bullsh.....s. This is why Drillers get paid 1500 U.S. a day and have to renew their cert every 2 years.
JH77
Posts: 1,181
Off Topic
Opinion:No Opinion
Price:0.925
RE: BarryRoe Placing?
27 Sep '17
Not all that keen on a merger. PVR would end up with too much clout imo
Phoebus
Posts: 4,106
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.875
RE: BarryRoe Placing?
27 Sep '17
Or how about an all share merger. 100% of BR in one company would make farmout negotiations much easier. Given PVR's huge cash position I would argue it should be done at a lower LOGP SP.
BigBear2
Posts: 3,843
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.875
BarryRoe Placing?
27 Sep '17
So in summary a great asset, PVR can go it alone, LOGP are skint.
They should just do a mega placing and get it done.
JH77
Posts: 1,181
Off Topic
Opinion:No Opinion
Price:0.875
RE: Don't like the look
27 Sep '17
Hmm....Bear in mind major reductions have taken place in costs / outgoings . I'm reasonably bullish about the prospects of advancing Barry roe given the improving oil price and feel that the likes of Cairn might well take a punt on this one given that they've had their fingers burnt out in the Atlantic. I guess I'm a glass half full guy.
Phoebus
Posts: 4,106
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:0.875
RE: Don't like the look
27 Sep '17
Thanks JH. I see they released the wrong set of results this morning. The new set includes that June 29 RNS event so assuming same admin cost run rate I get a net current asset position of minus £1.9M. They also seem to acknowledge that PVR might be going ahead with BR drilling regardless of a farm out and talk of LOGP having to sort out its share of the drilling funding. Could get very rocky from here IMO.

'Providence have announced, that whilst farm-out discussions are continuing, they have decided to advance appraisal drilling at Barryroe and have commenced the well planning and permitting process.'

'Lansdowne is continuing to review its options regarding funding its participation in this programme.'




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