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That 14% interest was a late payment rate after the award was granted.

Hi EyeEarAm, I did put monthly into the calculator. Whether you compound it monthly or yearly etc, there's minimal difference. However, I note you are quoting 14% interest, I was only using 4%. I seriously hope it's more like 14% though if what you say transpired.

I would rather wait a year to get the fair value, it's short termism to accept a low ball to have money in pocket now when in a year it could be double .

I wonder how much they will recoup on a compound interest basis, and over how long?

Let's say the interest rate is 4%pa.

- from 2012 (the last discovery and appraisal upgrade) 14 years at monthly 4% compounded interest on $100m = $75m

- from production (let's say it would have taken 10 years to get $100m on the balance sheet) 4 years " = $17.3m

- let's say we wait another year for things to pay out 5 years = $22m

This assumes the costs are factored into the $100m valuation, if it was a valuation based on contingent resources booked, then add the costs on top.

If Barryroe Energy end up developing the license, then things would start to get very interesting because there is a valid case for exploring the high pressure encountered in the Triassic, the valuation in the long term could quadruple as it has already been stated.

I think I have been reasonably conservative. I think 100m is a baseline, and that being the total even in the worst case - where you add the interest to a figure a bit lower than 100 to make it 100 again anyway.

Rambo - Perhaps the new partner has agreed a valuation contingent on the quantum revealed MOU6, and on that basis has agreed a proportion of back cost repayment according to the anticipated numbers coming in. It would tie in with the idea of a deal being ratcheted.

Big shout out to Steve Boldy and team. I always had a good feeling about the LOGP board and they haven't let us down. True to their word whatever the value of the outcome. As you say Swizz, BEY were stripped and left with nothing - until the distant future - participation in 5% of net profits from Barryroe Energy's development of the license. No guarantees even then, if people survive that long.

If LG is prepared to invest 100million in Barryroe, you can be sure of one thing, he knows it's value is in the billions in the long run. Let's say the government agree to grant LG a new license, it would be chump change to either LG or the government to part with 100million plus back costs plus legal fees. In fact that would represent a bad deal to LOGP shareholders in the casse of a long term development.

Costs rebate up to...

So, depending on the results of the collaboration, the company will be bought out of Morocco - all or in part, and the proportion will be reflected in payment of back costs.

Can we assume they would get the full cost rebate in the event that findings are so spectacular that they agree to sell everything?

It feels increasingly as if the churn has come to a close with regard to the issuance of the extra shares for the last raise. Seems logical that this stock would be juggled and re-distributed to interested parties, and this with respect to several hundred million shares in hindsight takes time.. The larger amounts are off-book broker to broker calls to transfer stock to order by HNWIs or other institutions. These prices are negotiated within market limits, specifically not to move the market artificially, and therefore not via the exchange. We can't be under any illusions that staff, friends, family, locals, government will all want a piece of the action. Who can blame them. Not me, they are welcome to get in on the action at the lowest prices, then they won't begrudge us benefitting from the enormous upside. Nor does it indicate any jiggery pokery:

The stabilisation of the order book doesn't reflect a deal ready to be signed tomorrow, but it does suggest that positioning is largely complete by deserving/interested parties who wish to get in at the very bottom. Who knows, a deal my come to pass, it may not. That's reflected in the current price. The price doesn't even value TT alone, so in the worst case scenario, a collapse of all activity in Morocco and Ireland still leaves us gravely undervalued.

Hi Battle, that was my point though.. They now consider Barryroe to NOT be an existing license, so I interpret what the minister said to mean they may enter a discussion about re-instating the license on the basis of the Renewables business plan.

The capitals were removed when the asterixed r.e.t.a.r.d.s

"they can recoup their costs" NB - I was referring to government. Grant the license and costs will ultimately be repaid many times over.

it's all very well, but even if they consider it, they no longer view the license as an 'existing' license anymore. they legislated against granting new licenses. how would they overcome this technicality? how much can kicking are we supposed to be duped into accepting. i hope they are continuing legal action and not putting it on hold pending these discussions, which could take another year or more with these ******s. at this point the best outcome for logp shareholders is to sue the government for as much as they can get. they can recoup their costs and lg put the license out to tender for the remaining 20%. it also means we have a stable predictable valuation for the reverse takeover valuation, and we can move on without losing that with a gamble on government u-turns in our favour. win win.

So, given time let's be honest, it's worth up to and exceeding £10 per share.

I couldn't resist saying that :-)

Zak: ..The 50/200 day moving average about to form a golden cross. Normally get a run up to a golden cross when a company needs a cash call but "presumably the company doesn't need money anymore".

Ill be happy with a steady 10% increase per day for 45 days or so then we will have a nice valuation in the region of £3

Interesting Rambo, it seems clear that they don't need to do any more in order to create added value to a divestment of the Morocco assets. A drill here and there, proving up volumes doesn't change anything. They seem to have hit a sweet spot geologically and politically the timing is amazing. The delineation was all that mattered, along with a agent that can negotiate a sale. A decent dividend followed by a life long shareholding in the remaining and added producing assets will set some up here for life.

It won't change the price if agreed broker to broker with a phone call on behalf of a client, at a certain price. It was probably pre-planned when the money was raised at 3.5p that there will be a redistribution at levels that won't cause the market to be artificially pumped during such.

Don't worry about the share redistribution. I suspect there are a lot of interested people who are owed their dues in Morocco and elsewhere who want their fair share of stock before they let the brakes off and release news. This means a lot of brokers will be accumulating chunks for corporate or high net worth clients to order, so these allocations don't go through the exchange we use.

I subscribe to the idea of a total sale. Not the whole company but of country assets one at a time. There is little merit for complex long term royalty and equity arrangements unless PG was (as you pointed out) a lot younger. Shareholders will not be 100% aligned on this due to varying circumstances, but a big one off deal now, if achievable would satisfy all parties - I think. Now a potential twice $5b deal maker was mentioned and i wonder if there is anything to the insinuation that a deal of this scale is being engineered - for guercif. it would still mean a lot of upside down the road for those who wish to stay in for upside from TT or yet to be acquired producing assets and 10 years from now - Ireland could be another $5b monster when the woke ridden fools are jettisoned from government. I know nothing though, just wishful as I don't have a million shares to feather my nest with.

MaB, he will probably not even notice

I would be happy with sale of Morocco’s assets for $5b, share suspension pending approval of one off dividend for current holders, then hold PRD for Trinidad and other to be acquired producing assets on the open market. Ireland won’t happen in this government but may get sense in 2 to 3 years after the current politicians honour their green energy ‘incentives’ from the racketeers supplying goods and services for wind and solar. One thing is clear, politicians don’t have principles, when it comes to the pay check, they don’t give a toss about the environment