Login:
Share:
Email Facebook Twitter

LOGP Share Chat - RSS Feed

Lansdowne Oil Share Chat (LOGP)



Share Price: 18.50Bid: 18.00Ask: 19.00Change: 0.25 (+1.37%)Riser - Lansdowne Oil
Spread: 1.00Spread as %: 5.56%Open: 18.25High: 18.875Low: 18.25Yesterday’s Close: 18.25


Share Discussion for Lansdowne Oil (LOGP)


Thread ViewThread View
Please Login or Register to post messages
Posts per page:


jollyspeculator
Posts: 9,760
Off Topic
Opinion:Weak Buy
Price:52.50
View Thread (2)
RE: ultra
22 Dec '12
Agree, WM & UP, patience key for LOGP (& perhaps to a lesser extent, PVR)

I still hope for drift of sp lower for both - to load up in early 2013 and then wait confident that value will out in the end

Jolly Merry Xmas and a happy and properous New Year to all (except those on the other side of my trades!!)
 
ultrapunch
Posts: 4,144
Observation
Opinion:No Opinion
Price:52.50
geoffieboy
21 Dec '12
Nice to see a rise, but the volume today was low and below average. Lets see if this rise continues on monday morning and continues after Christmas.

An RNS monday, or before the New Year, on the subject of the farm outs would be most welcome
geoffieboy
Posts: 1,266
Off Topic
Opinion:No Opinion
Price:52.25
BalBocht
21 Dec '12
dont know but a nice closing few hours. hopefully more to come on monday, maybe even an RNS
BalBocht
Posts: 136
Question
Opinion:Buy
Price:52.25
SP
21 Dec '12
What just happened?
wiltshireman
Posts: 1,839
Off Topic
Opinion:No Opinion
Price:49.75
View Thread (2)
ultra
20 Dec '12
Yes I think you have summed it up there nicely. Its always the same with exploration and production, long lead times with little news. Once farm-in drilling gets under way on any of the LOGP licence areas and with Barryroe being talked about that should give us some more impetus.

IMO the ones that are worth putting cash into from an investors (short term results) point of view right now are the US domestic market where latest technnology favours companies working over old wells, pipelines and using horizontal drilling techniques and fraccing. Very speculative but worth a punt in the short term, plenty of newsflow and every well they redrill doesn't take forever to get a result from. As for all this gas fraccing talk maybe the likes of IGAS will do well in the short term, especially if Big Oil moves in, but I can't help feeling that once the initial flush of excitement is over investors will lose interest.

However once global stock market sentiment improves the likes of LOGP and BPC will really take off if they hit big oil. Its a waiting game with them I am afraid but I try to spread my risks especially where oil is concerned where the rates of cashburn can be massive till you get a (good) result.
GL for 2013
ultrapunch
Posts: 4,144
Observation
Opinion:No Opinion
Price:49.75
BARRYROE CPR IN MARCH
20 Dec '12
"CELTIC SEA BASIN - BARRYROE OIL FIELD

Successful drilling and testing of 48/24-10z well with flow rates of 3,514 BOPD and 2.93 MMSCFGD (c. 4,000 BOEPD), which materially exceeded pre-drill expectations (March 2012)

Additional gas interval also successfully tested (March 2012)

Updated Barryroe resource and recovery assessment (based on detailed post-well analysis, updated mapping, and new 3D data) confirmed a large total P50 oil resource potential at Barryroe of 1,821 MMBO (P10 resource of 2,777 MMBO) (July 2012)

Static and dynamic Basal Wealden reservoir analysis modelled recovery factors ranging between 17-41% utilising horizontal production and water injection wells; a 31% recovery factor was used for development planning (October 2012)

P50 P50
OIP REC
MMBO RF MMBO
Middle Wealden 287 16% 46
Basal Wealden 756 31% 234
1,043 27% 280
Not included
Purbeckian 362 NA
Lower Wealden 416 NA
778

Development concept engineering contract awarded to Procyon Oil & Gas Limited (June 2012)

Two year Licensing Option granted over adjacent c. 500 sq km area north and west of Barryroe (August 2012)

CPR to be published in late Q1 2013"

I can't see any action in the LOGP for a couple of months based on the news that the Barryroe CPR wont be released until March 2013. Our only hope of an sp movement before then is if news of the 3 prospect farm outs is issued before the Barryroe CPR, IMO.
wiltshireman
Posts: 1,839
Off Topic
Opinion:No Opinion
Price:50.50
PVR RNS
20 Dec '12
Extract from O'reilly ramp
“The success at Barryroe, further enhanced by detailed post-well analysis, has had an extremely positive impact on both the asset portfolio and the financial well-being of the Company. It has also had a profound effect on the perception of Ireland in the eyes of the international E&P sector.

"For many years, Providence has been strident in its views on the material hydrocarbon prospectivity of offshore Ireland. Barryroe validates this with results that exceeded all expectations, and we now look forward to advancing this large oil project towards development with our partner, Lansdowne, together with potential future farminee(s).

“Barryroe represents a world-class oil resource and its importance should not be underestimated, not just in terms of the future plans for Providence, but also for the renaissance of the wider Irish offshore sector.”

Personally I think he's dead right but not so sure about the Atlantic Margin. Its hard work, time consuming and expensive with likely dry holes. SP will soon tire of no instant results. No, the Celtic Sea is for me, easy stuff in shallow water with quick results and good newsflow. LOGP is the one to be in.
ultrapunch
Posts: 4,144
Observation
Opinion:No Opinion
Price:50.50
3 LOGP charts
19 Dec '12
3 charts that make me convinced we are near the bottom for the LOGP sp. I jumped the gun by buying too early, but the reason for my "false start" is because PVR failed to keep to their promised timetable for the new Barryroe CPR. The result of the CPR has been delayed until Q1 2013. Also LOGP's 3 farm outs are taking longer than PI's expected.

3 year linear chart.

http://uk.advfn.com/p.php?pid=chartscreenshotshow&u=LA+j0ld0hHgUWw5GtE2zLgCioHe4j93f80WIJMGOOWo=&symbol=L%5EMTA

3 year Log chart.

http://uk.advfn.com/p.php?pid=chartscreenshotshow&u=N95RjiggxugGqtfZ8KrjSEovsLA%2FAeXUONfllogBZsM%3D&symbol=L%5EMTA

1 year linear chart.

http://uk.advfn.com/p.php?pid=chartscreenshotshow&u=rQQz38kIHz+d2BZdQcdagHrDfpjdsbSi+02JKsdUaJQ=&symbol=L%5EMTA

PS. NFL. No still in LRL unfortunately!! Rather miffed because LRL have never mentioned no fracking in the Ordus basin, during the winter months, before. I expect the sp to recover in the build up to the 2nd well results due end January.
NewForestLad
Posts: 1,364
Off Topic
Opinion:No Opinion
Price:50.50
Ultrapunch
19 Dec '12
Volume was good, so I bought in a small amount.
NewForestLad
Posts: 1,364
Off Topic
Opinion:No Opinion
Price:50.50
Ultrapunch
18 Dec '12
I saw LRL took a wack today, did you manage to jump off? On another note ever since I bought PCI, they`ve gone down.



Share Trading BrochureRequest your Free brochures on share dealing, spread betting and CFDs

Sign up for Live Prices


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.