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Would say that mirror's a cracker JH! -any rumblings of a rig being secured? Seem to remember tenders were put out around the time of Dunquinn drill.
Thinking that way myself Stockraiser.Cork harbour and Ringaskiddy would be some of the biggest benefiaries of Barryroe development, these are the constituencies of some of the most influential politicians in the country including a deputy government leader and the leader of the main opposition party.
Have a look at "deal history" down yhe page a bit and take a deep breath!https://www.mirabaud.com/en/brokerage/equity-capital-markets/case-studies/case-studies/savannah-petroleum/
This outfit seems to have a prolific record for "equity follow on" deals.Hope that does not include us but when you see the likes of Henderson reducing last week and a deal being flagged before it happens, could it be for leverage on any deal about to happen?
Given that the most recent share offering and vast dilution came at 12p ,this is the first real hurdle to get over
Good point.There is the question , as well ,of whats down further down in the Jurassic , the source for Barryroe and Seven Heads gas field.Does indeed look substantial on the recent seismics.
Have to say that this phrase keeps going through my head as I have only ever seen it in relation to a sale .Until a sale contract is exchanged, a seller can withdraw at no cost or consequence. A lock out or exclusivity agreement, which stops a seller negotiating with any other party during the lock out period, can give a potential buyer some short-term protection. It gives time to carry out investigations and due diligence and to negotiate documents, so that the potential buyer is ready to exchange ahead of other prospective buyers. It would still lead to a multi well development as stated by PVR but would you buy half when you could affort the whole company with years of tax losses to be claimed back?
Sounds like you have a found a passion, enjoy!
Many happy returns TirnaNog.
Rocklawn, re the 45c options, it would be a quicker route to sell rather than grow the company.After 5 years of trying to get a farm out, have the new seismics suddenly attracted attention because of Barryroe clarity or is more likely what it has shown up in the Jurassic.TOR and JOS will be rewarded for success but I think big shareholders will have the final say on this one.
Sure is JH, Happy Christmas to you and all other fellow travellers!
This cracker jibe has gone on a bit and at this stage I feel like liam Neeson ..https://youtu.be/oRON2q1NyWI
Thing about irish politics at the moment is that it looks like coalition governments from now on and the Greens 2 seats could give them more power than their sum. My opinion of the Greens is that for all their self sufficiency policies, they ultimately need monies to implement them! JH77, think the fact that our Tony is still in office augurs well that he has something to report back to the large institutions. Hopefully the POO has helped us to finally get a deal in the bag!!
Nimbies out again..https://afloat.ie/port-news/dun-laoghaire-news/item/37873-calls-to-cease-further-explorations-for-oil
JH77, in reference to your last post, the "fact" that managemt have not invested in the company after Barryroe because of potential insider information ,financially makes them the luckiest people associated with this company..Could it be that insider information has actually worked in their favour here!!
No problems stockraiser.. fat fingers here at the best of times!
New seismic even....
Seem to remember Jimmy commenting on this new type of sismic shot over Barryroe a while back, so it does beg the question is there more to his sudden road to Damascus moment?
Sad to see that Sobeit over on III seems to be gone after all these years....Did'nt always agree with him, but he reflected what was bad about this company for years.I have little doubt that there are other posters on ADVFN and Discuss the market that are entrenched within the company boiler room.
After 21 years, this "oil company " has zero output .So even if the Martians landed and took out the whole of OPEC, oil went to $1000 per barrel, our income would still be zilch.