Member Info for Cephalo

Here's what I would like to see happen in simplistic terms. A reverse takeover of PRD on terms favourable to both companies, not at a premium to either. If the license for Barryroe is restored, LOGP contribute 20% interest in favour of both entities. That, or the potential outcome of suing the government for 100 million or more euros for Ryan's folly rescinding the Barryroe licence due to his personal perception, not legal right, that BEY/LOGP's finances were not sufficient to finance the development of the field.

Financially, depending on the nitty gritty terms of the share allocation on merging, it would make a level playing field. Joining forces, this money could be used to develop the widened portfolio within Ireland and Morocco. It's hard to spot any other oil and gas investment opportunity that has the potential to blow the doors off.

I think I may have Makeabundle's ear on this idea, and perhaps one or two other of the long term LOGP shareholders too.

Text book dump and pump. Already over 3p to buy again. Dithered and missed out on the cheapees

The same pattern every time, people screaming for an RNS and news, then when they get what they want, the games begin and market makers being market makers play of the buy high sell low instinct. It's as if RNSs are expected to be the drivers of share prices, but if it falls anything short of 'discovery' and full production and monetisation, the sp gets whacked.

RNSs news snippets don't create value, but they successfully distort it. Be careful for what you wish for is the order of the day here.

PG was certainly under pressure to make a statement, it showed by the fact it was a ramble, but what better way to skirt around questions that you perhaps are not at liberty to answer if you don't have a slick PR adviser at hand. I am sure no other oiler is different without PR.

I invested a nominal amount recently because I think the asset base is wide reaching, and sustainable, it's not going to vanish all of a sudden. Directors took payment in share options on the strength of the portfolio. We have Steve Boldy on board and if Ireland get the sign off, you can be sure he is going to take an active role in that. Who knows, he might even be a good fit for the other assets.

You can make it 2 pages if you select 100 posts per page

The X's read just like sour grapes and intent to puya brake on the sp. If he is owed money, it's pennies in the scheme of things, they should just sort it out with lawyers. As long as what comes out in the RNS's is accurate, who cares? If on the other hand things are being misrepresented and inside information is being passed to major shareholders, well I hope those shareholders are held to account.

Am I right in thinking that the Jurassic level was unexpected? If so, it doesn't matter what the timeline is for 3D seismic. If the salt cap skewed the 2D interpretation and 'hid' this, it's a by-the-way bonus find, and I look forward to the results of the main objectives. in the nearer part of the timeline.

Or have I misread this, that the 3D seismic plan for the whole structure? Given they already have enough information to access the sweet spot updip from 5.

Tried to buy at 3.9p. No joy, so had a few at 4.03. Tight internal spread

Flombo, Barryroe wouldn't have seen that sucker punch coming, as there is no precedent for such a maneuver, and in such bad faith.

Https://www.linkedin.com/posts/davidwhelan1980_bett2025-activity-7288108405137825792-utZ9?utm_source=share&utm_medium=member_desktop

"PRD focussed on M & A to realise value of non-core assets" see Ireland section of..

https://wp-predatoroilandgas-2020.s3.eu-west-2.amazonaws.com/media/2024/03/Final-Proactive-Presentation-14-March-2024.pdf

Https://www.predatoroilandgas.com/about/directors/

Battle "... or the Company is readmitted to trading on AIM as an investing company" implies that they have funds enough to lift the suspension and carry on with business as usual.

Basically all 3 options are still open:

1 - Sue government (talks with backers ongoing)

2 - Reverse takeover successfully completes

3 - £6m+ raised to enable suspension to be lifted

I am also guessing but it looks to me like they see a combination of all 3, or at least 2 and 3

If they raised > £6m, they do not depend on the reverse takeover to lift the suspension. If Swizz's observation comes to pass, then the 6 month suspension can be lifted and they retain the listing. However, by not lifting the suspension (6 months is now up???) it suggests the the 95k working capital to keep the company as a going concern retaining the current listing, while they are at leisure to complete a reverse takeover deal. The subsequent listing will depend on where or whether the company reversing in is listed, or to be listed. At that point there will be a transfer of shares.

The RNS suggests they calculated they need this skeletal amount of working capital to see this RT through. If a deal is in 'in progress', I imagine the clock stops before the 6 months has run down on making a deal. If there was nothing being processed, the RNS would probably be that time was up, so this implies they retain the listing on AIM. It seems like good news is around the corner, but we have been living in hope eternal. Let's see.

Https://x.com/WhispersNewsLTD/status/1803063415914512716

My experience of left wing is that they are nice until you disagree with their beliefs, then they will set out to destroy you. The generations who go to festivals dump all their rubbish and expect people to clean up after them, then go home and tell everyone how to save the planet on Tiktok or instagram. Part of a mentality that explains why at large we are such a mess in the UK.

Bill, it’s not as if he would not be caring for his son all this time, but I doubt he is resigning because of that. He is under pressure to resign anyway, it seems. He caused many to lose money here. He doesn’t need sympathy

What a low life scum bag using his son as a means of empathy

Isn't the cynical bear faced lying hilarious? Well it would be if the cost to innocent investors and common sense wasn't so high. The thing is, with EOG he might make a show of granting their licence - because it's still a wild cat exploration play with no discovery, no oil or gas in place. He is still reaping the licence fee money until it suits them to say there isn't enough funding to extract the oil.

As for financing, this other article

https://www.thetimes.co.uk/travel/destinations/europe-travel/ireland/did-ryan-overplay-his-hand-barryroe-game-of-poker-comment-w8xs5s5r0

.."Discretion is not an absolute veto, and it will not absolve the department from making a decision that is unjust.

A court or arbitration panel will do that. Lansdowne is already claiming $100 million. It owns 20 per cent. Grossing up, the total claim could be $500 million. This game is not over. The stakes are high".

And from Battle's article..

"One Barryroe shareholder wondered why the same investment cover guidance did not exist for applicants in renewable energy."

Https://www.europaoil.com/wp-content/uploads/2024/05/20240529-Proactive-One2One-Presentation.pdf

Interesting quotes at the foot of page 11 feb 2024 Eamon Ryan on not breaking contracts. He’s got a damn cheek