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Go back about 6 or 7 posts. A poster called draft posted 2 items on Tuesday. The are to be read together as they are part of the one report. This is the most recent piece of research on the subject that I am aware of and values logp north of 10p a share for farm out only. I reckon this is not over bullish and I am holding this for 10 bagger potential and more when the field gets developed. Good Luck!
Hi all, im a small holder here. What is the true potential here for SP with a good BROE farmout?
Bit of a sell off at the close for some reason. Ìm keepin this one on close watch at the moment.
With a Barryroe Farm Out, I would also expect to see multiples of current Market Cap. PVR in much stronger Cash position now, to negotiate a deal on attractive commercial terms,......will it come before Druid/Drombeg drill results or after is the question I'm asking myself,........ with the most recent guidance we have been given, I am of the opinion, we will get positive Barryroe news 2017. BW
Is my initial target on farm out, think it could come any time in next 3 months
to see some movement on this one finally, long may it continue as we are way undervalued here!
Thanks for digging that piece of research out draft. Just goes to show that a successful farmout of Barry would light a rocket under this.
Valuation undemanding, but risks remain We calculate a total net asset value for Lansdowne of 10.3p/sh. Our valuation is comprised of 11.0p for the Barryroe field (risked at 17%), offset by financial adjustments of -0.7p. For Barryroe, we include an initial development phase targeting 70mmbbl, valued at 6.0p/sh (risked at 40%), and a second development phase targeting the balance of the resource, valued at 5.0p/sh (risked at 10%). Exploration and appraisal upside is excluded from our valuation model. Lansdowne participated in the successful appraisal well 48/24-10z which tested 43 degree API oil at 3514 bopd. Three previous wells tested oil in the Barryroe Licence acreage which lies directly below the Kinsale Energy Limited operated Seven Heads Gas Field. The reservoir sands are in the Cretaceous Middle and Lower Wealden sequences between 1,400m and 2,300m (approximately 4,600 to 7,550ft) below sea level. Two wells drilled by Esso in 1973/1974 tested oil. Well 48/24-1 from Middle Wealden sands at an aggregate rate of 1300 barrels per day and 48/28-1 tested oil from a Middle Wealden sand at 1527 barrels per day. A third well, 48/24-3 drilled by Marathon in 1990, tested oil from Lower Wealden sands at an aggregate rate of 1619 barrels per day. •Oil tested is a light 43 degree API, with a high wax content ranging c.17% •Lansdowne’s share of 2C recoverable resources in Barryroe is 69 MMBOE Following integration of the successful appraisal well results the updated Oil In Place P50 Resource estimate by the Operator for Barryroe is 1,043 mmbbls
Licence 1/11 (“Barryroe”) incorporates part blocks 48/22, 48/23, 48/24, 48/27, 48/28, 48/29, 48/30 covering an area of 614 sq km along the axis of the North Celtic Sea Basin. The Barryroe Licence is held by Lansdowne (20 per cent) and Providence Resources plc (80 per cent). Part of the Barryroe acreage lies beneath the Seven Heads Gas Field, with the boundary between the two concessions lying at 4,000ft (approximately 1,250m) sub-sea. Lansdowne participated in the successful appraisal well 48/24-10z which tested 43 degree API oil at 3514 bopd. Three previous wells tested oil in the Barryroe Licence acreage which lies directly below the Kinsale Energy Limited operated Seven Heads Gas Field. The reservoir sands are in the Cretaceous Middle and Lower Wealden sequences between 1,400m and 2,300m (approximately 4,600 to 7,550ft) below sea level. Two wells drilled by Esso in 1973/1974 tested oil. Well 48/24-1 from Middle Wealden sands at an aggregate rate of 1300 barrels per day and 48/28-1 tested oil from a Middle Wealden sand at 1527 barrels per day. A third well, 48/24-3 drilled by Marathon in 1990, tested oil from Lower Wealden sands at an aggregate rate of 1619 barrels per day. •Oil tested is a light 43 degree API, with a high wax content ranging c.17% •Lansdowne’s share of 2C recoverable resources in Barryroe is 69 MMBOE Following integration of the successful appraisal well results the updated Oil In Place P50 Resource estimate by the Operator for Barryroe is 1,043 mmbbls
With litigation affairs now behind it, Lansdowne Oil & Gas plc (LON:LOGP) says the focus now is to create value from its 20% interest in the Barryroe oilfield, off the coast of Ireland. This is a significant resource, says the firm, with attractive costs of development and production. "With the recovery of the oil price, farm-in activity within the industry has started to recover and the Barryroe Farm Out process is continuing," the company added. "Having recently secured a facility of up to £350,000 with major shareholder Brandon Hill Capital, as announced on 29 June 2017, the company now has sufficient access to funding into 2018," it added.
Double the mcap if farm out happens??
Good post How much extra mcap is the farm out worth? We are already 6mill mcap Thanks
When PVR just did the recent farm out and put a load more cash in the coffers this is what TR said, " What it does for Barryoe is give us options and a strong balance sheet. We're in a farm-out process for that, and so people know we have the financial wherewithal to do things on our own if they don't come up with a reasonable opportunity for our shareholders." Cashed up till 2018 very supportive major share holders and loan holder Last well flowed 3500 bopd 43% light crude oil 2C of RECOVERABLE for LOGP is 69 million barrells MC of £5million ………go figure what will happen when the farm out happens
Could be some ukog money came in here
So far??
Well I hope there is no placing Why are we going up I'll exit at 100% rise
Rumours on twitter last night of a farmiut for pvr
Up[ 30% with lots of buys landing....
Defo something leaking.....
Barry roe with pvr rns?
1.24p to buy…….!! stock shortage?
Run for the hills, bellies name is on an rns Discounted horror placing for sure, I Nedd to escape soon
A placing, hope Jon bellies name isn't on any rns Let me check
Market cap looks wrong in research note. Closer to 5 million I believe?
July 1st, 2017 • 0 comments • Filed Under • by ABMN Staff in Share . Lansdowne Oil & Gas Plc logoLansdowne Oil & Gas Plc (LON:LOGP)‘s stock had its “speculative buy” rating reiterated by investment analysts at Beaufort Securities in a report issued on Friday. Shares of Lansdowne Oil & Gas Plc (LON LOGP) remained flat at GBX 0.95 during trading on Friday. The company had a trading volume of 1,503,561 shares. Lansdowne Oil & Gas Plc has a 52 week low of GBX 0.85 and a 52 week high of GBX 1.75. The firm’s market cap is GBX 1.77 million. The firm has a 50 day moving average price of GBX 1.02 and a 200 day moving average price of GBX 1.17.