The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Things seem to be looking up a bit today!
http://www.independent.ie/business/irish/in-providences-hands-oreilly-jrs-hunt-for-oil-is-reignited-35933030.html Just got to remember, everyone knows Barryoe is the 'jewel in the crown', proven resource, proven flow rates, farm in will land any day…..5p on a decent farm out
can they rise with Barryroe .news ?...i'm not sure.......too much problem in the market right now
It will be good to get some feedback, if you do go JH77. Had a look at iii PVR board, sobeit post Thu 20:06 Re: Barryroe and SEL rules, Starting with "I suspect a deal will be cut",....makes some good observations, which I agree with. I also believe 2017 will be the year, in which Barryroe will be progressed forwards (given recent guidance),.... yesterdays news was very good.(imo) The potential for a Barryroe Farmout to happen in first quarter 2017, was the only reason I bought back into LOGP, earlier this year. BW
Not surprising given the RNS yesterday.
Marked up today
Icemax drilling and PVR going to need funds the way forward got to be oil from its proven field. Farm out soon here.
Cheers Wraith. I'll try to attend the LOGP AGM (depends on some potential work issues). It's looking a whole lot better than it was for sure. There's a good post by Sobeit on the iii board about LOGP (could be on the iii PVR board). Like yourself I'm thinking that now would be a good time to increase my holding in both PVR and LOGP....but will probably have to wait a couple of weeks for funds. Will be very interesting once they have quantified the extent of oil in place for the deeper Triassic and Jurassic layers as this will reflect on potential valuation of both companies...hopefully in a very positive way. Meantime, would be good to have some news of what's happening with MFDEVCO regarding Hook Head / Helvick / Dunmore....been quite a long wait on these, even though they are small fields....every little helps!
Given the requirement for PVR drilling we should see a farm out here soon they require capitol to gain ground on other licenses if the hit oil there good g to be a massive interest in these fields.
Agree JH77 , I also see this as very good news for LOGP,... from your post on the PVR board, I assume you are more likely to attend the LOGP AGM now. Also been considering increasing % of my portfolio, exposed to LOGP,... to adjust, for what I see as a lower risk investment, after todays RNS news;- Steve Boldy, CEO commented: "We are very pleased to be granted these extensions to the Barryroe licence, which provides additional security of tenure whilst we continue the farm-out process. The Barryroe partners are in dialogue with a number of parties regarding advancing the appraisal of Barryroe through to first oil. The extension work programme includes evaluating the deeper exploration potential of the licence, which offers exciting upside, over and above the substantial resources already identified in Barryroe." Source: http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/LOGP/13293333.html BW
if the RNS today didn't make it budge, i think we maybe stuck here until we touchdown
Rumour has she could suck a golf ball through 10ft of hose pipe...so she may be our girl Frankel?
Christ, kerry katona is leading our drilling op
That should read icemax
Play they cards very carefully. Iceland drilling and talk of farm out with partners.
I'd like to buy another 200000 of these but I'm potless until payday. I could sell some of my PVR but I'm not prepared to do that when they have the potential to be much higher in a short while. So I'm not ******** if the SP stays low here for a bit longer
I'm not complaining, sitting here with it this cheap. Still hasn't really dropped over at PVR either
The penny hasn't dropped with the herd yet Frank.
simply no volume...BUY BUY BUY
The interesting thing is that as well as getting this substantial extension to the licence...is that the partners are now committed to studying the deeper Jurassic and Triassic levels which lie under the already quantified 2c reserves of approx 350m barrels recoverable. TOR hinted at the AGM that they were moving towards the realization that Barryroe is bigger than originally thought and the company now has the money and the time to advance the project further with more seismic analysis. They may even involve Schlumberger in this work if Druid / Drombeg comes up trumps. This is the best news in a long time for LOGP and people seem slow to realize this. Not a ramp on my part....I am genuinely over the moon about this and intend to purchase more shares here in the very near future (payday)
calling the herd...where are the herd
Sounds exciting, hopefully this will really take off? Good job I am and am prepared to be a lth with an avg of 7p
Best bit of news in yonks. SP should really take off here.
Game on. They needed that admin out of the way prior to the farm out deal, good news, should see farm in within next few months.
Icemax drilling.