Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Let’s hope Harris buries Ryan’s surreal energy policies, with or without him.
Well spotted Bill terrible error on my behalf Looking forward to a positive outcome here anyway
Interred?! Lol
Sounds like you've been on the happy pills - but we can all dream I suppose
Sounds like you have some inside information Ravenspades. Hopefully he will pick it out of his in-tray. Eamon Ryan must be getting worried about claims against the government in relation to climate change judging by the attached article. I remember that he was telling the public last year that they could sue the government if climate targets were not reached.
https://m.independent.ie/irish-news/eamon-ryan-alters-statement-on-climate-case-says-he-didnt-initiate-move-against-swiss-grannies/a1244992305.html
Very happy to see the new boss of Ireland interred and bringing a fresh new energy to the role fully committed to bringing change for the better to each and every Irish resident I am more than happy to see the Irish data centres receiving 15 % of irelands national energy supply as that gives the exchequer ample taxation to pay us small shareholders who bought into barryroe offshore energy and Logp with adequate compensation my finances took a huge hit as I am elderly but I won’t comment any further as mr Harris can expediate this matter within 10 days easily it in his in tray from today that’s 5p per share Logp 8 p per share bey he will get the country moving again I have every faith in his ability
Https://www.breakingnews.ie/ireland/minister-for-climate-settles-case-over-decommissioning-gas-field-off-south-coast-1586849.html
How come Ryan has progressed claims and is even poking his nose into litigation in switzerland and we have heard nothing about ours.
PRD were told to expect news from the DECC by the end of March but have heard nothing. Anyone think this might just be good news for us ie that there is a general rethink under the new man about all projects and not just Corrib South?
I see a change of heart about nuclear in Sweden and the farmers in France and elsewhere are forcing Macron and the EU to be more balanced in their aspirations. ER is the odd man out. Of course fanatics are often as odd as the irrational demons that drive them.
What is LG doing at the moment, if anything other than waiting? I wonder who SB is in talks with? Presumably he is not sitting on his hands.
If Oil prices and supplies get impacted by the escalation of conflict both in europe and middle east, the folly of ER approach to Barryroe will become glaringly obvious. If energy supplies are negatively impacted then no doubt the spin that will be put on it is that the problem has been created by relying on fossil fuels. Its a stance totally bereft of common sense. We are in 'transition'. That is the official stance as agreed at COP 28 that ER agreed to on behalf of the Irish people. As any football supporter knows, transition carries risk. ER is focusing all his efforts on getting the whole team to the 'green' end of the pitch but is leaving himself totally exposed at the back.
Why the sudden interest?
The share will be suspended for six months. The company is suing the Irish government for losses of one hundred million pounds as a result of the government not allowing them to drill the Barryroe oil and gas field. The company have employed the legal firm Mantle to raise six million pounds or to be party to a reserve takeover in order to be relisted. If they don't raise six million pounds or are not taken over in the next six months, the shares will be delisted
Does anyone know what is happening here ?
A few jumping in today. Last chance saloon giving them FOMO maybe.
Now we wait to see if we get 10x or more.
He clearly hasn’t got the thick skin of an Eamon Ryan. Ryan, who believes the divine hand is guiding him to save the biosphere, is out of touch but ideologues can never admit that.
Well done, Leo.
Leo varadkar is resigning,maybe there will be an earlier election and finally a chance to get rid of Ryan.
Ahh yes, morning of. 👍
Well good luck either way.
That is why I added yesterday (19th) ....you got to be in to lose or "win" looks binary....but with the "cash pot" potential .....the oddds are goood to go! (IMO).....GLA
Tomorrow ,is the last day of trading as shares will be suspended as at 7.30 am on Thursday 21 March 2024
Hi, Flying comment, shares take 2 days to settle so anyone buying tomorrow or thursday risks not being on the register at close Thursday.
buying on 20th - shares settle 22nd.
buying on 21st - shares settle 23rd.
Hello there Swizz. Thank you very much for your comments. You are a Gentleman. I think most on this site really appreciate the effort and time you took. Interesting times ahead. Fingers crossed. We might salvage something yet. Sad situation though that a bunch of zealots and career politicians have not take the best interest of the Country at heart and have destroyed the potential oil and gas industry in Ireland. Take care regards Spuddy
Thanks for detailed post,Swizz.
I was very disappointed by the lack of activity in the share last week. I thought the rns was a clever bait by SB to force Goodman or any other suitor out of the woodwork .
After suspension, I can’t see what the attraction would be for LG or another , to takeover logp if the fruits of a successful ect claim was denied to them.
An aim listing? - the Barryroe listing meant nothing to Goodman.
But maybe somebody will make a move in the market on Monday -Wed with some big purchases . It will be interesting to see .
Do you know if logp have taken legal advice to back up assertion that “the combined company would have full access to the ECT pathway through Lansdowne being a UK domiciled company”
My understanding from talking to some legal friends is that this is not possible retrospectively as Barryroe was an Irish registered company when ministerial decision was made . So it would be good to know if logp had legal advice on this as it would be a game changer.
I don’t see any seismic change in Irish politics re oil. The only light of hope I see is Michael Collins new independent ireland party. They could be the really big surprise of the next election . Now if they were part of a coalition and the greens done ,common sense might prevail.
I hope swizz's very erudite post has reassured you. My understanding of a binary bet is you either lose your stake or win big time! Funnily enough, before swizz's post appeared, I was extolling LOGP's potential as a 50-bagger elsewhere. Naturally, I was shot down in flames. Obviously, time is money and the case could drag on but, equally, LOGP could return to AIM with a bright future.
Thanks for posting your views Swizz. Suing the government under the ECT, and to reverse BOE in would be 2 bites of a very nice cherry. Given a successful claim now by LOGP, I suspect the government would think twice about reneging on the licence again if the LU decision is ever reversed. There’s a chance that they could be sued for a billion second time around. There’s a chance the government may see sense a reverse it before LOGP make their ect claim, but something tells me they won’t be savvy enough to do that, not with the current minister at least, who is so dogmatic he will put principle before business sense.
Once again, Swizz, thanks for your observations and the time and effort involved. It is good to hear from someone who can speak with rather more assurance than the rest of us. I think Flombo will feel a bit better about things after reading your comprehensive post!
Thank you for posting Swizz. A very interesting read. Hopefully they will be able to raise the money needed to take a case against the Irish government. Perhaps a number of investors, each willing to take a relatively small punt, knowing the return would be massive if things worked out. A reserve takeover in the near term would be even better. As I mentioned before, the option of been able to take a case against the government is very good leverage for Larry Goodman when it comes to reinstating the licence for Barryroe. The legal action is Lansdownes Ace when dealing with Larry Goodman. Politically, Barryroe may be raised in the upcoming European elections, which should put some pressure on Fainne Fail and Fine Gael were it to be raised by the other candidates who are running. It is hard to know what will happen really. As Lansdowne have said in their last RNS, there is no guarantee that they will be successful so it is up to everyone to decide themselves. Wishing everyone the best of luck