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Well I've got some at around 0.34p and I'll see how it goes. But then I'm not an investor so I'm only looking for a short term profit. Bit pissed off to have to pay Stamp Duty which is a very rare occurrence for me these days. Looks like to me like business is just starting to pick up here.

PIus there is an investor event on Monday 1st October in London.

Miss G - I see you are a bit pissed off over a certain David Breith and his previous involvement at COMS which I seem to remember was very hyped on this website and didn't go quite as well as many expected.

hobione - you had better add in the 733M recent placing shares to the existing 203M shares for a new total of 936M shares in issue. M/cap is more like £3.25M.

Mind you the m/cap of around £3.25M is still cheap compared to the floatation m/cap of £8M just over 2 years ago especially taking into account that the business is just now starting to take off.

Lots of punters who bought in before the placing are a bit pissed off - including Miss G.

For there to have been any hope of GBP getting a farm-out/JV it should have been finalised before the drilling kicked in. Unbelievably Stellar have been trying to get this done since January without success and it's looking less and less likely now. There was talk here a while ago that Stellar no longer had this project on their website so it is probably one they have dropped for now.

The 2 main problems are that in all the years GBP have had this licence all they have done is 2D Seismic and also that their licence area is a lot further offshore than any of the other drills in the area and will cost more.

A probable result here might be that GBP pull out of getting a partner and shoot some 3D Seismic themselves at their own cost and then come back for a partner when the COS improves.

Just my opinion.

29% down - looks about right. Jimarillo sprouting nonsense. No-one spends money buying in on the top of yet another Namibian duster.

Well to be honest both of those late reported trades from yesterday look to be sells. The 2.5m was definitely a sell any the buy price when the 5.4m trade went through was 1.845p so that's almost definitely a sell too. Those 2 trades explain why the share price has been so subdued.

That's the sell turned up then. 2,500,000 @ 1.60p. That's why the MM's were dropping the buy price even though there were mainly buys going through. It's very frustrating. Hope there's not too many more of them.

Well someone's selling here anyway despite the excellent news of yesterday. It may be shares from the placing in April as the shareprice hasn't been much over the placing price since then. Can't see any other reason to sell now and the shareprice would be quite a lot higher anyway if they held back for a while. They might find themselves getting over 2p instead of 1.60p.

I suppose the good part of this is that because the shareprice hasn't spiked by 100%/200% on this transformational news then it's going to be a good share to hold on to for a few months as most of the potential rise is still to come. There's not much chance of the shareprice falling back too much from these current prices so it's just a case of sitting tight and waiting for the re-rate.

ATB

I know the figures are all done with cash standing at £0.07M but that is only £70,000 which is nothing. Expenses are £30,000 per month. But they raised £900,000 before costs in April 2018 and have not used any of it to repay the loans so far as these have all been repaid with newly issued shares.

Well I've just taken another 200K @1.58p and someone else has done the same. The MM's must have a big sell order in for them to let these shares go at that sort of price but then who is selling at this low SP after the excellent news. Crazy and confusing.

And with the funding agreement to cover the cost of the drills there is very little reason for LOGP to need to raise any cash and if they do they should be able to do it at a premium nearer the time of the drills.

This is getting silly now. PVR is 10.00% up while LOGP is 8.82% down. Problem is I loaded up pretty well yesterday and don't really want or need to keep buying more even though the temptation is there, especially at 1.60p which is less than I paid yesterday (I'm averaging about 1.80p).

Can someone please confirm that the cash balance should read £0.7M rather than £0.07M as that would only last a couple of months but the company have clearly stated the last raise has given them enough cash to see through to mid-2019. Maybe this is the problem and people are suspecting a placing.

If it won't let you sell then that is usually a sign that the MM's don't even want to take your shares because they have enough already. I'm just not sure where they are getting them from. They have already had 2 x 600,000 delayed buys gone through so where did they get them from? Strange.

If LOGP raised £900K before costs in April 2018 and the proceeds of the Placing are to be used to meet the Company's share of Barryroe costs through to closing of the Farm-out in Q3 2018 and to fund the Company's on-going working capital requirements until mid-2019 and all of one of the outstanding loans and part of the other loan was converted into shares with none of the cash used then surely at half-year end on 30th June 2018 the cash balance should read as £0.7M and not £0.07M i.e. £700,000 rather than the stated £70,000.

Placing at 1.15p which we won't notice because that is only a 2% discount and a farm-in to the Colter prospect for an 8% interest.

Namibian waters yet so I wouldn't get too excited. More than likely this will be a halt before a duster is announced.

Just my opinion.

Re PCL's RNS and trading halt there hasn't been an oil discovery in

6183 boepd maximum flow rate and so easily accessible.

And this was just before:

https://www.investegate.co.uk/lansdowne-oil---38--gas--logp-/rns/barryroe---project-update/201203150701464033Z/

This is real oil (and gas). This flowed at something like 4500boepd when it was drilled in 2011/2012. And it's in only 100 metres of water.

This link is to the flow test results from the previous successful drill:

https://www.investegate.co.uk/lansdowne-oil---38--gas--logp-/rns/barryroe-well-testing-update/201203230821379438Z/

There's not been much of a frenzy here today. Frenzy is when the shareprice rises by 100%/200% on the day. This has all been rather restrained today and this is far more likely to lead to a steady re-rate over the next few weeks/months. Someone mentioned RMP earlier on here. That shareprice has been on a slow steady rise for nearly 3 months. Something similar here would be fine.