Lansdowne Oil Share Price (LOGP)

Circumstances have changed and Barryroe is looking more of a goer than it ever has before yet we are where we are...

4 member states have declared their opposition to the inclusion of nat gas and nuclear today and Ireland are not one of them, Spain, Denmark, Luxembourg and Austria have issued a joint notice, but this is significantly less than the 20 member states required to stop the delegated act, so it looks increasingly likely it will go through,…GL S

The Lansdowne licence share currently is 20%, which is circa 70mboe and Barryroe is economically viable at $26 per barrel, so at circa $75 per barrel it’s a jaw dropping number, but obviously a lot of catastrophic decisions along the way have destroyed sentiment and confidence, along with the share price, but the energy security landscape has changed considerably in recent months and if this latest management team bring forward a credible plan, I believe they will find the support they need,…GL S

Btw - The gas is also vitally important and the following from a recent update,…”In addition to the oil resources in Barryroe, there are also substantial gas resources. Previous Competent Person Reports have indicated some 207 BCF of potential 2C resources. In addition to this the Basal Wealden C sand, that was gas bearing in the 48/24-10z well, has been estimated to hold c. 400 BCF GIIP.”

“It is therefore a realistic expectation that Barryroe could yield more than 500 BCF of natural gas, equivalent to around half the reserves of the Corrib Gas Field.”

Is there any Guess-timate as to what realistic effect would be on the share value if gas production was licenced and flowed
Would volumes be in place for a long term supply
and how would long term be defined
Could the Irish Govermnent insist on a maximum charge for the supply applicable to the home market , as part of the conditions for approval
Queries a bit scattered I know
Maybe some one knows !!!

I think next week looks very likely for the update and with the focus very much moving towards natural gas and with the EU Taxonomy vote taking place tomorrow, on the inclusion of Nat Gas and Nuclear, it could potentially provide Providence and Lansdowne the perfect platform for the Strategic update to be provided next week, along with it being the incentive for Ryan to finally sign off the SEL 1/11 lease undertaking, taking into account that the latest Q4 and H2 update on the petroleum leases has still not been released by the DECC, it does feel that each of these steps are now linked to each other,…GL S