Member Info for Cephalo

He makes Adolf Hitler seem like an ordinary guy

Anything Ryan imports is green because he covers his eyes runs away and doesn’t look at or discuss anything inconveniently contradicting his childish ideology.

“..they had money which they spent on everything except BROE, why?”
Despite what the implication is of this ‘sinister’ fact, it is just typical press putting their spin on what seems on the face of it to be a problem. The real problem however is with the coverage by social media hacks posing as journalists. It was always the case that pvr acquired many licences and set about proving them up. It was always stated several times by O’Reilly himself, that they had no intention of becoming a production company. The idea was to prove up assets, then either offload part or all of the company upon successful discovery and appraisal. It was only after the eye watering cost of holding all the accumulated licences, and the dry holes, that they changed tack and offloaded all prospects except those with proven resources. Barryroe and Helvick. Then decided to take a new approach with a phased appraisal and concurrent development program. Best to keep things in the correct perspective and to remember what has gone before.

Yes, currently about 20%

Ryan is your typical shampagne socialist pilar of ‘virtue’. There’s a nasty rash of them all over the uk and Ireland

You can be fairly sure then that Ryan is a corrupt Russian agent in that case.

One problem has been that Ryan and European leaders have had a taste of authoritarian governance and this is why we have developed a uniform mono-culture where the left refuse to hear the rational arguments. 2+2=5, four legs good, 2 legs bad. They have been intoxicated by the power and compliance of the population, using fear and cancel culture to silence dissent. Western democracy? No, it's the same fascist dictatorial slippery slope on which Putin has been on for a long time. We are starting to pay the price for failing to stand up to truth and reality. We should all be fighting with Ukraine, not watching Putin and social media virtue signalling while being a side show of fake democracy

That's good news Ranger. This means they will turn up their noses at a stable supply from the middle east, then have to diversify their sources of oil and gas.
I will not be surprised if the silent majority (eventually comprised of 99% of the Irish population) turn up at the greens' doorsteps as they start to feel the pinch.

It’s just one aspect of opportunistic authoritarian governing that the reset mob are trying to force upon us all under the fog of covid and left wing ‘be kind’ socialist moronicity. There is nothing kind to say about the greens except to say they are stupid idiots drunk on power.

I would think they are not rushing to place a chief exec until they have finance to cover that, so meanwhile while every penny matters, it saves a few bob

It looks like semantics because companies always take into account governance and social issues, they have just tagged on the 'environmental'. No change

PS, the appraisal well is complete apart from sidetracking, with or without which (is likely), it will be put into production and new resource estimates will be factored into account.

Don’t chase rainbows. The smart money is in fossil fuels for the next 10 years at least. Those companies who invest in oil and gas now will be creating jobs and developing new technology and will be the winners. The green energy companies will have a bottomless pit of finance to fill before coming close to profit. It’s counter-intuitive, but then most investing is. That’s my tuppence worth. Gamblers invest in hard drives networks/crypto-currency. The most useless pyramid. rip off since tulip mania.

https://www.reuters.com/article/global-oil/rpt-column-hedge-funds-flock-to-oil-as-energy-shortages-worsen-kemp-idUSL1N2R00R9?rpc=401&

Just thinking - he must have a rotten hangover after that bottle of Thunderbird and meth chaser.

TheShen losing his rag again it seems.

As the first 4 spouts are all the same I would say he is 16.7% wrong with a lot more error to come.

That article prompted me to look at the one from April 2021..

"Alan Linn, who joined as chief executive in January 2020, believes the new plan for the project will be “very beneficial” for shareholders.
Indeed, forward looking investors will be hoping that with full control of the project, Providence will no longer be left waiting on the cusp of development".

Of Barryroe
"It remains one of Europe’s largest untapped oil projects.
Latest development plans value the project at some US$560mln to Providence, meaning it remains a very high impact venture not least as a current market price of 3.4p values the exploration company at just £26mln.
Moreover, the development scenario presently laid out only addresses some 48mln barrels – or in other words 16% of the recoverable resource".

Quick sum suggests a possible 21 bagger for the 16% of rec resource, 134 bagger should it ever be fully developed.
Well worth holding onto shares. Let the morons assume we have the whole ranch invested, but I really never cared what the likes of Sh** think.

Best wishes all

Shen, Manyana is right on two things - Firstly, developing Helvick would give PVR/LOGP enough working capital to comfortably develop Barryroe on a phased development.

"We plan to drill 3 horizontal wells, turn them into producers and put one water injector into the field to begin production from day 1" CEO Alan Linn on the Phased Development Programme at Barryroe. Oct 2020.

Second thig he is right about is you are a liar. You are doing your best to give credence to the myth that Irish are liars - which is of course a false allegation about the Irish. You are probably Irish, and the lackey of a certain Irish politician we know.

O'Reilly clearly stated PVR then were not in the game for development at all. He pretty much stated that in one of the AGM's. The plan was to appraise as many of the licences they had hold of, which makes sense to do if you hold those licences. It was made very clear on a few occasions that the master plan was to drill and appraise these licences, and sell PVR to the highest bidder when done. The biggest gamble of all put pay to this plan when Schlumberger convinced him to plough millions into appraising Druid which turned up water.

When Linn realized the appraisal and sell game was up, due to the high price subcontracting work or farm ins with the likes of charlatans like Spoton, the logic was to change tack and become a developer after all. See above quote.

All he has to do is show how, over time the production can feed into an efficient low carbon foot print, and that will probably mean investing profit into green initiatives

The brainless fool looks at others with contempt and derision, thinking he sees the fool before him. The fool cannot see his reflection in the mirror. The biggest fool is the brain dead sociopath, who thinks he is fashionable, progressive and influential. This fool is a moron in the eyes of the sane majority. The same fool who thought presidents, authors and CEOs cannot speak them Queen’s English because he thought he knew better about the spelling and context of the word licence, and license. After spending hours reading and quoting articles from those who knew better, he exposed himself for the sociopath idiot he is. Still in denial of this mistake, trying to deflect attention away from this in order to preserve his ‘reputation’. Pity the fool, not the sociopathic one with low IQ.

Anyone who has made money or successful in investing wouldn't spend 24 hours a day on this single forum. They wouldn't need to seek to unsettle or be unpleasant, as you are. Since you do not care, and you scrape around for fame here, you are a freak sociopath.

"You just never know who is watching, or who is taking notes"
- You are quite the creep too, crawling over people's posting histories, and quoting from a long time back. Wouldn't surprise me if you were one of those paedophilic gay guys working for the government actually.
Best wishes Shen