Member Info for Flombo10

He would be better off staying at home and fixing the housing crisis!

Donaldb, Well hopefully PG has some devious plan but you can’t take “ class type actions “ under ect , just individual cases .

From last Barryroe report, it seems the Goodmans long term plan is to get a new licence for Barryroe . So I doubt if they will sue the government and the last thing they want is the old licence regranted as old shareholders will be wanting their cut .

Nor can I see Vermillion suing a European government.

But we will wait and see what happens next week. Hopefully a surprising development and also that EOG continues its upwards rise . Slàinte.

Donaldb, that was an ect case with external funders . My “ no win-no fee” relates to Irish High Court commercial cases . If I am missing your point ,let me know .

The trouble , beardozer, is that there is nearly €250,000 of CLN which can be converted into equity at Lower of 0.1p or 20% discount to RTO price, so that could be over 250m new shares if all converted .

Add that to dilution from the fund raise, we could be looking at a dilution from 40%~70%

We can only hope that the market very much likes the business they intend to purchase .Might need to hold them for a long time .

Not interested in derampers or rampers .

Stockcheque never responds or gives counter arguments but just comes out unsubstantiated wild statements .

Also “no win no fee “cases are non existent for commercial cases in Ireland , despite the Dennis O’Brien case judgement who somebody mentioned recently . So that leaves the ect route and years of waiting for funding -legal action -possible appeals -payments-appeal against size of payment.

The government called PG bluff ,so he needs a new strategy urgently .

Stockcheque,

I don’t know who is worst , the paid derampers or the rampers on this thread .

You are not been realistic. All these cases take years .

Governments have learnt from the rockhopper case , where they attack projects from a financial angle rather than a climate one . As they did with Barryroe and it’s often the incompetence of the management that helps them ,again as in Barryroe.

Also PRD case is not as clear cut as you made out , in particular due to the statement below (From the year-ended 31 December 2024 results (published 15 April 2025)

“In Ireland the regulatory financial and technical criteria necessary to support the award of the Corrib South successor authorisation were satisfied. It remains the Company’s firm intention ONLY TO ACCEPT the successor authorisation as part of a back-to-back farm-in transaction already proposed by a Corrib gas field stakeholder.”

This , then gave the GSRO, the excuse they needed to recheck prd financials as per statement in the interim results (published 19 Sep 2025):

“At the end of the reporting period the GSRO indicated that the process was near completion but once again asked for additional clarification of financial information.”

Landowne oil & gas have a much stronger case and it’s coming up to 3 years and they still have not initiated legal proceedings because they can’t get a funder .

With PRD, the government can now halt any decision because legal action could be coming .

It’s won’t pay out compensation because that would open the floodgates for all the renewable projects that have also been delayed.

The puzzling thing is Vermilion. They are a very powerful company controlling 30% of Irish gas supply . They can phone up the minister or Taoiseach directly. If they really wanted to drill corrib south, PRD would have the licence tomorrow. That’s is the real puzzle .

An apology for what ? -for not reading your comment . Did I upset your feelings ? Grow up

Get yourself some manners ,Lynch .Obviously missed that as it was surrounded by so much uniformed crap.

She is the president , and she has no power at all. It’s purely ceremonial.

“because the new Prime Minister has stated her position on climate change and also referred to coastline in that.”

Stockcheque, What are you on about.

There is no new prime minister but a new president. It’s purely a ceremonial role and she has as much political power as King Charles has in England.

Also even PG did not himself , mention a claim under the energy charter but a claim for unreasonable business behaviour for which they have a good case.

As for the rest of your …. ????

Spuddy.., scroll down into the accounts notes

After a Quick Look, it’d good and not so good

“A conclusion to this process” is not very positive .

They have been chasing this funding for over 2 1/2 years now and it’s obvious they are going to make a decision either way very soon. A positive decision to PRD , would imo kill it off completely.

On a more positive note ,naming December as when they RTO will take place after a fund raise is more positive note.

What has the Irish president got to do with it!

Nice rise today .well spotted Serif.

Maybe WH is superstitious. The initial EG head of terms RNS came out on Aug 4th , an Irish bank holiday . Another bank holiday on Monday ??????

“With LOGP already started the litigation process”— where and when was this ??

That is what makes it so surprising!!

Nice update with lots of subtle reassurances : picture of rigs, training local people , gas infrastructure.

Yes, they have treated PRD terribly as they did Barryroe/logp but PRD can only sue them for unreasonable business behaviour— a million or two in damages if successful ,after a few years with most of that taken by the lawyers but the licence will have been lost .

I would imagine they will call his bluff on this .

Do LOGP want to be associated with this as its claim is totally different. They had a licence , considerable expenditure has been incurred with measurable opportunity costs forgone.

1. Grant PRD the successor authorization to progress Corrib South

If they choose option 1 then they'll enhance LOGP's claim

StockC, can you explain the logic on that statement,keeping in mind PRD saying they have a letter from Vermillion re farmout???

“ the same way Barryroe did “

Did what?

Great pity he confused Barryroe with Logp. Don’t suppose SB was impressed.