Member Info for Cephalo

I still wouldn't count on DECC seeing it through. They are happy to take the money for the license extensions, seismic, research or anything leading up to production. Any whiff of a discovery and they will knock it on the head if they are true to form. This is what happened with PVR/Barryroe/LOGP

Day traders usually stick to the day, so looking for post 3.30 indications. If there's general buying pressure you won't notice. I think institutional traders take a view on a percentage, and in many case trades look to lock in 10-20% at one time. It's more luck than design to be in for a dividend, however with shorting or spreads you need to be careful because you not only have to deposit to cover the trade if it goes against you, but pay the dividend I believe.

The Irish government cannot be trusted any more than the UK government. They are racketeers . They have strung license holders along for years, collecting fees for leases, extensions, research, sea bed surveys to take place etc. When it comes to greenlighting field development and operations, they start the process of delay, obstruction and general prevarication, thus costing time and money in the past, present and future dodging all responsibility for years of planning and investment. They deserve to be sued and nothing less. They will continue trying to stall and make fake concessions. Best not to give the Irish government any quarter else be strung along in perpetuity.

Titanosaurrus I thought you escaped my green box, but you are new as of today. ..rr..

New green box being prepared

BillfB, I was thinking the same. If the government re-instate the license there will have to be an A and B class share. The A class would be Barryroe, and the B class whatever the new reverse takeover consists of. That might sound strange, but should the LU be re-instated, that would give LOGP a potential blue sky valuation, and they wouldn't be as much be reversed into as supplying substantial value in a merger or acquisition of the currently unknown larger company. It would become a different dynamic in other words. The B class shares could represent the current LOGP (without the LU) and the intended reverse takeover in the expected format.

I think the reason for the delay is the difficulty of valuing LOGP basically, in accordance with such outcomes. Perhaps they will have A and B class anyway, A to manage the outcome of the ECT trial proceeds, and B the rto.

Talk about deluded

Some great news before Christmas. I have met the Lansdowne board at a few AGM's in the (seemingly now) distant past, and liked them a great deal, and Steve Boldy is a top man. Swizz, I want to say thanks for keeping us posted with hints of what might transpire, it's kept me hopeful. I have quite a few shares which have been sitting around now for 14 years. Obviously added to the original batch to average down. Could recoup more than my original investment if things play out well. I had written this off as a few million pieces of confetti.

Shareholders who were on the register just prior to suspension will be eligible for a share of any award from the ECT hearing, minus costs, whatever they may be. Perhaps they made a contract with the rto company to invest part of these proceeds, perhaps not. I think that discussion would need to be presented at an EGM in a future scenario. Before that, LOGP in it's current form has to demonstrate financial standing to the tune of equivalent of £6m or thereabouts (?) in order to break the suspension, or complete an rto. I would be surprised if there wasn't an alternative backstop than part of a 'potential' ECT award, at a time when they haven't served papers to the government. Why? Because according to LOGP they have almost completed an rto without that to count on as any certainty.

The only other thing is, will the LU be re-instigated in any form or other, perhaps with a commitment to reinvesting proceeds of exploration and production into green energy, defaulting into partnership with Barryroe Transition Energy for example?

https://www.irishtimes.com/business/2025/10/02/goodman-continues-to-eye-developing-barryroe-oil-field-after-licence-expiry/

No wonder this is taking time. The challenge seems that terms of the rto could change with developments in any of the above where the prospective financial arrangements of the multiple parties potentially involved, are likely to constantly vary from day to day, right up until a final agreement is struck.

I don't think that quite follows MakeaB. The ECT action is directly applicable because of the retracted LU. This is a potential backstop of significant value to any company that is planning to reverse into LOGP apart from any other funding mechanism they have at their disposal to fulfil the terms of their listing. The proceeds from the ECT are ring-fenced but that isn't to say that certain large investors won't have made sure the RT proposition remains viable independently from the LU case.

Edging up slowly, or imminent jump? Elcid!!.

A stock jumping from 3p (pence) to £15 (1500p) in one day is an astronomical, almost impossible move, representing a 500x (50,000%) gain, usually triggered by massive news like a buyout, breakthrough, or extreme speculation in very low-volume shares (penny stocks), often involving high risk, rapid trading, and significant volatility. This isn't a normal market event but a "moonshot" driven by intense news, potential manipulation, or a "low float" stock getting caught in a massive short squeeze or hype.

Why (Hypothetically):

Massive Positive Catalyst: The company announced a game-changing drug trial, a huge contract, or a takeover bid that values it far higher than expected.

Low Float & Short Squeeze: Extremely few shares available (low float), combined with many investors betting against it (shorting), can lead to massive price spikes as shorts scramble to buy back shares.

Extreme Hype/Meme Stock: Coordinated buying by retail investors can create artificial demand, seen in "meme stocks," though £15 from 3p is extreme even for this.

Penny Stock Volatility: Very small, often unknown companies (penny stocks) have thin trading, meaning even small trades can cause huge percentage swings.

What It Means for Traders:

High Risk, High Reward: This level of movement is incredibly volatile; the stock could crash just as fast.

Not Typical Momentum: This isn't a standard 4-5% momentum trade; it's an extraordinary event.

Look for Volume: Such moves are confirmed by huge trading volumes, indicating widespread participation.

In essence, a 3p to £15 jump is a financial lottery ticket, not a regular investment; it signifies a company undergoing a fundamental, dramatic shift in perceived value overnight.

Notable Examples of Large Stock Gains

No instances of a 3p stock hitting £10 in one day were found. However, there are examples of shares experiencing massive percentage gains:

Volkswagen (2008): Volkswagen shares surged by an astonishing 80% in a single day and 376% over a few days due to a massive short squeeze when Porsche revealed it held a controlling stake, making it briefly the world's most valuable company.

GameStop (2021): During the "meme stock" frenzy, GameStop shares saw an increase of over 18,000% from 2020 to 2021, but this was a prolonged event, not a single-day jump to such an extreme price from a 3p starting point.

Eightco Holdings (2025): This US-based penny stock surged 3,000% in a single day after announcing a private placement linked to the World Foundation, moving from a few cents to over $45, but even this extreme gain falls short of the 3p to £10 change.

Elcid Investments (2024): An Indian stock, Elcid Investments, once jumped over 6,692,535% in a single day, moving from 3.5 rupees to 236,250 rupees per share due to a high book value and low free float, which involved a similar low starting price and high final price, but this was this was on the Indian market and is an

Don’t mind when it happens, but I hope he’s carrying a bag of money

Interesting my rather benign post last night appears to have been deleted. In it I commented on the fact that the weekend had more green boxes than ever, and that I look forward to see shorts being roasted on Monday. I think we may get an RNS later today when it's confirmed whether or not papers have been served to the Irish government, or whether the gov got cold feet at the last minute.

As concerns Logp, say you decide to sell at some point after relisting, it theoretically won’t affect your eligibility to participate in the ECT compensation because for that, you only needed to be on the share register just prior to suspension. Which makes the new entity a free carry .

Corruption and self serving agenda from the Irish government. They have been happy to extract years worth of fees and payments for the licenses over the years. Not forgetting they allowed LOGP to pay for seismic over Barryroe just before PVR folded. They appear to be stringing every energy company along in a similar fashion.

I suspect Helvick will also enter the fray as well...

"The first half of 2025 proved to be very busy, with work continuing to progress the Company's ECT Claim for the loss of the Barryroe asset and to progress the planned reverse takeover.

Both work streams have continued into the second half of the year. It had been hoped to reach a conclusion of both of these workstreams in the third quarter, but this has slipped into the fourth quarter."

(Comment below with reference to PRD)

Will it be done under the ECT? Does it apply here? Doesn’t matter either way I guess; If they get a no win no fee deal, there has to be high probability of successful outcome. 7 years of frustrating a contract appears to be the angle of attack here.

"PG blames the civil servants"

He's right. They are always to blame for daft policy making. In the UK, Starmer follows their instructions because he hasn't got a brain, nor is he his own person. It's all just as portrayed in Yes Minister. Worth a watch, better education than politics at uni.

If it goes to court the award would probably include significant damages and lost opportunity costs, over and above the valuation of the asset. I would have thought that if they settle outside court it’s more likely to be nearer the valued amount, minus the fees for the parties setting up the funding.

Co-claimants? Who are these? LOGP is the only entity that has the right to process a claim under ECT aren’t they? Or are they? Perhaps the larger shareholders in LOGP? Or does LG himself have the right to back a claim?