News coming in March. PVR are due to release the latest CPR on Barryroe before the end of March. Seeing LOGP's principal asset is 20% of the Barryroe oil field then the new CPR must have an effect on the LOGP sp.
I expect the LOGP sp to start to rise within the next few weeks as traders speculate that the CPR will be positive for Barryroe and hence LOGP.
Stephen Bouldy had a cup of tea, met with some other people etc
LOGP are awaiting news of many fronts, until that news is worth shouting about its just a hum in the background.
BealBocht - Matters not what Oriel think, its currently valued at just over £1 - However if you look at the Nsea - Its cheaper here in Barryroe. T/O price IRO $12 per b - The CPR aint to far off with 10x
So in lieu of BoD info, here's a snippet from Oriel Capital on Proactive a week ago "Oriel estimates Barryroe’s value per barrel at US$8.4, though Harbhajanka claimed a farm-in partner would want to pay less – he estimates a 75% probability of a deal happening around the US$4.2 level." At $5 a barrel profit I estimate the share is undervalued by a factor of 2.3 (don't ask!). However, $5 a barrel profit does appear small considering the price of oil, the water depth and the existing infrastructure. Thoughts??
Btw, the 2011 CPR shows the SP undervalued by a factor of 10.
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