Member Info for Flombo10

Looking at the share price now,maybe you are correct. Anybody any ideas for latest fall

You are doing your best to damp down the price of this share with your daily rants .

this should be a place for polite conversation and exchange of ideas and not for silly ****** comments.

You should just invest in shell or BP, if you want a steady income .

What a share ? Even positive news causes the share price to fall ( or be contained). But I agree, we have had enough .reports , get off the pot if you are not going to pi..

Thanks for your inspiring thoughts for the weekend .Myself , personally, I am optimistic about Ireland , I sense a subtle political change on natural gas

Not an immediate one but odds have shortened for sept/oct

Leo varadkar is resigning,maybe there will be an earlier election and finally a chance to get rid of Ryan.

Varadkar is resigning. Maybe there will be an early election and opportunity to get rid of ryan

Tomorrow ,is the last day of trading as shares will be suspended as at 7.30 am on Thursday 21 March 2024

Thanks for detailed post,Swizz.

I was very disappointed by the lack of activity in the share last week. I thought the rns was a clever bait by SB to force Goodman or any other suitor out of the woodwork .

After suspension, I can’t see what the attraction would be for LG or another , to takeover logp if the fruits of a successful ect claim was denied to them.

An aim listing? - the Barryroe listing meant nothing to Goodman.

But maybe somebody will make a move in the market on Monday -Wed with some big purchases . It will be interesting to see .

Do you know if logp have taken legal advice to back up assertion that “the combined company would have full access to the ECT pathway through Lansdowne being a UK domiciled company”

My understanding from talking to some legal friends is that this is not possible retrospectively as Barryroe was an Irish registered company when ministerial decision was made . So it would be good to know if logp had legal advice on this as it would be a game changer.

I don’t see any seismic change in Irish politics re oil. The only light of hope I see is Michael Collins new independent ireland party. They could be the really big surprise of the next election . Now if they were part of a coalition and the greens done ,common sense might prevail.

It’s a binary bet ! maybe you could explain that to us stupid people ,in relation to logp

Patronising arrogant individual ,aren’t you

Beardozer, I don’t think you understand the concept of sites like this !!!

I have no doubt there are other people like myself on here who have a decision to make in the next few days ..

whether to stick or fold ?

Whether to grab a tax loss now or lose it for a decade ?

To calculate the chances of legal success?

That’s the point of these sites, to put forward different views. You don’t have to read them if it upsets you .

You think there is 99% sure of success

The legitimate point I am making is that the market and legal funders ,for that matter , obviously don’t share your view .

Barryroe management were sloppy. They turned down an offer from logp for reverse takeover which would have had Ryan facing a possible legal bill of €1b instead of €100m

More importantly, they didn’t cross all their t’s . They should have implemented some financial engineering to satisfy the net tangible asset requirement. They did not and gave Ryan the opportunity he wanted .

A scenario like the following could easily arise in the next year or do :

Eog agrees farm out with vermillion and minister has to make his decision on licence to drill.

If he turns its down , brilliant news for logp as vermillion easily pass the net tangible rule.

But if the minister permits the licence, what then for logp legal case ??

99% sure !!!

Firstly, Swizz, I admire your optimism

But I don’t know what you mean by “ winds of chance” I have seen no change at all in the political environment re oil . For natural gas ,yes but oil ,none.

Anyway, I can’t share your optimism anymore and nor it seems does the market .

Even the ability to lock in value after next week had not tempted any larger share purchases because I think

1. the winning of the case is not a sure fire thing ( esp with decisions ,for example, on Europa oil and gas probably coming in the next year or so )

2. No legal funding yet after 9 months

3. plus need for ongoing financing to keep the fires on .

Maybe at a late stage next week,somebody might try to buy big chunks of it but then again, why , when they can just wait for another 6 months .

Swizz, if you have more concrete reasons for your optimism ,would love to hear them.

What great progress with just weeks before suspension of shares ..

On Dec 7th ,an rns told us ..

“Accordingly, the Company is continuing discussions with potential litigation funders with a view to their appointment ahead of pursuing damages from the Irish Government for breach of terms under the Energy Charter Treaty.”

And yet todays rns tells us

“Mantle Law and the Company are in the process of contacting litigation funders, with a view to providing third-party finance to fund its ECT claim and the resulting arbitration process.”

I presume from this ,Amhurst, who were involved in rockhopper successfull ECT claim is now out of the picture .. why is that ?

It seems the so called eagerness of funders we were told about was a bluff to the government that has not worked.

Won’t be surprised if it’s the same party( parties) that’s been selling and but also then buying in the last 4 months . Willing to take a small lose to damp down the price

We are just weeks away from delisting and not a word .I normally like to view things from a positive 1/2 full glass but can’t muster any positivity anymore for this share .Looks like Barryroe,it will be another writeoff

Come on,stop been a p…tease or at least the reasons you think they are selling

That would be my hope and we could get some of our money back quickly. Then again,maybe LG not interested at all in logp. Figuring if they can’t get a legal funder,

a reverse takeover or €6m investment, he will pick it up

for pennies .

But Keeping lansdowne shares while they sue under ect , would be a long term investment which many might prefer. If that is announced,hopefully it will causes a sp rise,giving some of us an opportunity to get out at a lower lose. Still, will be interesting to hear Swiss views , once he has time to recover .