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Taking 18 months to assess a LU application and then giving the company 3 or 4 weeks to prove financial capability is not discriminatory is it?
18 months to assess an application!!! And this is the guy you are pinning your hopes on to achieve net zero???
No face to face dialogue in 18 months and yet he can put out a tweet of him standing in a field holding cores from geothermal drilling. Not discriminatory at all.
The leader of the green party is not discriminatory.
Good luck with that.
His ideology will count for nothing if the ECT claim takes place . He knows it, you know it. Why do you think so many nations are wanting to back out of it?
You are upping your angry ape post frequency.
grrr. beating your chest are you? Be a good sport and drag your knuckles off into the sunset.
Dear God, we were told that would happen , re previous rns and aim rules. The last rns was a confirmation of this fact . Would you please cop yourself on, its becoming very embarrassing for you. Go and watch the rugby and try to clear your emotional feeble mind.
Longerwait is clearly losing sleep over LOGP and its prospects. Lack of sleep affects ones judgement, so a clean break from this board and a long rest is just what the men in white coats would prescribe. I myself am sleeping very well, as no doubt are most of the other posters on this share.
Lol. Poor response . Read the rns again .The news was released in august . You are starting to lose it . Stop been so emotional, it showing how weak you are ?
Longerwait, do you have any knowledge of what provisions and agreements are within the ECT?
For instance do you understand that part of the agreement is 'With a view to facilitating the development and diversification of resources, the signatories undertake to avoid imposing discriminatory rules on operators, notably rules governing the ownership of resources, internal operation of companies and taxation.'
I think you should reflect on that before posting any more of your juvenile ape opinions.
Longerwait , you are the uniformed fool who thought the cash shell news was New news late week . You need to put a little more effort and application into your trolling.
Your arrogance is deplorable! And, by your own admission, your views are worthless! Not sure why you're so concerned about LOGP's fate as you never said "the price will fall precipitously as we approach 18 March 2024 (when LOGP will cease to trade on the exchange)." A lot can happen in 6 months!
Hello there Longerwait I don’t agree with you that your views are worthless
Longerwait your view is as valid as mlne
Sadly, I don't recall Lansdowne pitching a merger to Barryroe. Why didn't they bite their hand off? Maybe legal advice echoed my opinion? Pleased to hear about "a fair amount of activity in recent days". A swift decision and $100m in LOGP's coffers is what I'm hoping for. Fat chance!
Thanks for that. It seems like there will have to be some very compelling reason for Boldy not to proceed with litigation more or less right away?
The document records at the High court denote a fair amount of activity in recent days, with an order issued by Mr Justice Quinn as recently as Wednesday, so perhaps some news will break in the press over the weekend, but it would appear LG and Vevan have completed the restructuring process with the examiner,..GL S
https://www.csol.ie/ccms/highCourtSearch.html?execution=e1s1
Mb, the Lansdowne business can continue BAU, the Aim regulations are a side show at this stage and have zero bearing on the company’s on going Barryroe discussions, it is purely the listing status, for all we know Lansdowne may feel a standard listing on the LSE is a more appropriate listing in the future?, rather than the shenanigans of Aim,..GL S
Absolutely agree but Boldy is not likely to allow any further delay without very good reason. Is finding 6m first to relist the only way LOGP could do a reverse take-over? I take it LOGP as a cashshell can pursue litigation on its own on a no-win no-fee basis.
Hello there Beardozer. Do you remember this mentioned in the article in the Times:
Lansdowne pitched a merger to Barryroe, by way of a stock-based reverse takeover that would see combined group domiciled in the UK, earlier this year as a route for its larger partner to be part of a potential bigger ECT claim in the event the project was killed by Mr Ryan, sources said.
The proposal has not progressed. However, it is still seen as a potential option that is open until Lansdowne issues formal notification of an intention to pursue arbitration.
Let's hope that LOGP don't get drawn into anymore of Ryan's time delay tactics. I would instigate litigation the day after the 3 month deadline passed if they haven't come back with more than a cursory 'Let's talk'
I agree: anything is possible now. However, I'm no lawyer, but I can't imagine BEY can reverse themselves into LOGP and then expect to sue under the ECT for the losses they've suffered while unable to sue. What interests me is "the Company can seek to become an investing company pursuant to AIM Rule 8, which requires, inter alia, the raising of at least £6 million and publication of an admission document." Is that the simple way forward while awaiting $100m compensation?
Existing shareholders certainly don't want to be diluted but what's in it for whoever provides the £6m? It's all very sad - things could've turned out so differently and developing Barryroe would've done wonders for Ireland's energy security.
Hello there Nigel. Yes anything is possible now. I myself think that there will be a BROEy and LOGP tie up. I believe that LOGP will get a good deal as it has the UK listing and this gives Barryroe Energy the possibility to sue under the ECT. I do not think there will be a significant placing at the moment. LOGP has some significant shareholders who have pumped a lot of money into the company and I do not see them opting for dilution. So either no foal no fee legal ECT challenge or a tie up with BROE under favorable conditions. My opinion of course and all other opinions are equally as valid as it is all just speculation. Regards
There is a risk of a significant placing imo here.
My view is that Ryan and co. have gone for the longest possible option- this would be the strategy if the instruction was 'kick the can as far down the road as you can'. They had 3 months and did not engage until the last day and only then to say 'let's talk about talks'. So does LOGP start formal proceedings or engage? They have to engage now so that will delay the start of formal proceedings for another 6 to 12 months. They are not actually looking to settle, just to delay.
The shell company and the need to reverse into something was flagged sometime back, there is no master strategy and LOGP don't have the headroom even to take advice. Since you can't just sit in the stock exchange doing nothing (in the same way that BROE can't exist just to pursue litigation) they have to leave unless they find a way to do something else. I'd say the price will fall precipitously as we approach 18 March 2024 (when LOGP will cease to trade on the exchange).
This looks like a precursor to some part of the Vevan deal with Barryroe.
Technically, Lansdowne is now up for sale so it may be incorporated as a sub-company to Vevan so that it can still claim the $100m under the ECT treaty. After all Vevan has a number of UK companies under its wing.
All will be revealed when Larry speaks.
Might be a reserve takeover of Barryroe energy. Lansdowne would remain as the junior partner but it would give Barryroe energy assess to participate in the legal case being taken in Europe. Barryroe energy will be updating the market this week or next on their plans which are based around renewable energy in some form but I don't think the major shareholders in both companies are going to ignore the case that can be taken in Europe or that Barryroe is one of the biggest undeveloped oil fields in Europe which may be developed at some stage depending on the future policial landscape
Indeed, with just enough money to buy a fish and chip shop.
The Irish state solicitors office will not be working in isolation, they will be taking their direction from the Government and being mindful of Ryan’s ministerial portfolio, I suspect he has had some influence with the narrative of the response,
It also has all of the hallmarks of Ryan’s incompetence, in regards to it being left to the final hours of the arbitration period,
What is intriguing, is the intention to open dialogue and meet with Lansdowne, especially considering the backdrop of recent years and the absurd refusal of Ryan and the DECC to meet with the Barryroe partners at any stage during the licensing application period, clearly something has changed.
Plus, it is also worth remembering that the DECC are on record in relation to warning Ryan, that any refusal of the licensing application would result in litigation by the Barryroe partners, as there was licensing application approval precedent, whereby applications had been approved by the department, without applying the investment cover criteria, this was disclosed to the Times, as part of a recent FOI process with the DECC,
The fact that Ryan’s department are now willing to sit at the table and start discussions is very telling, if they wanted to stall, it would have been much easier to tell Lansdowne to go forth and multiply, that has not happened and there is more to follow and with LG imminently sealing the BEY rescue, there are other interested parties that will want to be part of those discussions,..GL S
Nice NH.
I wish he existed beyond the event horizon but unfortunately he pollutes our Newtonian world with his ideology.
He shares his logic with utter morons that ruin priceless works of art, disrupt sporting events, vandalise property and bring emergency services to a standstill.