Member Info for Flombo10

Off course ,LG can only take case ECT case via lansdowne.

My belief from talking to legal friends , is that LG can’t add Barryroe to lansdowne and sue for whole amount ,as this action is post ministerial decision. If it were the case, LG would be foaming at the mouth to buy logp and logp would not be capitalised at just €1m .

But there is a difference between expressing an interest and putting money on the table .Ryan is not going to change his mind esp in an election year ,as he would also be crucified by his other green fanatics.

Goodman could make €100 m on successful legal challenge . I would be happy with an offer of even €10-15m from him for logp

I agree,it’s pure fantasy that Ryan will change his mind on Barryroe , which is primarily an oil field . Are lansdowne making any progress with getting a legal funder , it’s seems not ,even after 8 months . My only hope here is that Goodman takes it over and funds the legal ect challenge himself - a win makes him money and helps his situation via Barryroe energy. No doubt,he will wait till latest possible time to the March deadline and try to rob it as he did with barryroe

One of the major shareholders has been offloading stock the last few months . Anybody have any idea who that might be . Anyway always darkest before the dawn .

Yep,a number of people who were promoting this share have suddenly disappeared.

I,unfortunately don’t think that’s the case . If it were ,lansdowne would be very valuable to LG and the share price would reflect that . But maybe LG with access to the finest legal minds can ….???

Barryroe turned out the offer of a merger prior to Ryan’s decision . That was a disastrous stupid decision by the board as Ryan would have been facing a claim of 600-700m instead of €100m for refusing the licence. That decision costs us as Barryroe investors.

I don’t think a claim can be applied retroactively after the ministerial decision has been made.

That’s really interesting. I had it down purely as a tax play but the article are very specific and theme is quiet clear . Hopefully Barryroe will publish scheme of arrangement before Xmas .

But why would we agree or want a sales or takeover now as Ireland is about to be settled one way or the other, unless that takeover priced in a successful farmin.

I think the ceo main job is to get a substantial partner for inishkea within the next 6-7 months. If he fails in that,even the main shareholders will ditch him asap. If successful, the Share price should hit at least 3p.

Ryan will be out of government by this time next year . IMO, thats the real reason they sought extension to inishkea. Topped up with just under 1/2m shares ,crazy not to at this price .

You keep trying to knock down this share with inaccurate statements.

Firstly misquoting WH as per previous comments today and recently stating

“Canadian Pension Fund who owns half of Corrib “

which is also factually incorrect. They own 43% with Vermillion energy the controlling shareholder.

And now giving us a link from 2020. It’s not difficult to see what your motives are

No,he said it was difficult and asked for public statements in support of it from the government. Secondly there is not the public negativity to the same extent towards natural gas as there is towards oil. That’s the advantage inishkea has, it’s a pure natural gas play and also by the time a drilling licence is required from new extension,Ryan will be gone anyway , replaced probably by SF/FF gov

“when it is admitted that it will be nigh on impossible to acquire a sufficiently financially “

Who admitted this ?

The only thing keeping me in this share is inishkea which I believe will get the go ahead , esp as Ryan will soon be history

“natural gas demand levels, there is a period as part of this transition where Ireland is largely reliant on U.K. gas imports”

- interesting to how a Sinn Fein led government would react to this situation happening or allow to happen ?

Points of note:

production. The policy states that whilst no new authorisations for new exploration will be granted, holders of existing authorisations can continue to apply to progress through the standard licensing lifecycle stages towards a natural conclusion, which may include expiry, relinquishment, or production. The specific legislative provisions related to this are set out in Section 21 of the Climate Act2

2. As a consequence of the Corrib gas field declining in the medium term, and in the absence of any new find of natural gas, Ireland’s natural gas supplies are expected to be almost entirely supplied by UK imports by 2030. While, by the mid-2030s natural gas supply will be increasingly replaced with renewable gases further reducing overall natural gas demand levels, there is a period as part of this transition where Ireland is largely reliant on U.K. gas imports

Serif, you can access the various annex from here

https://www.gov.ie/en/publication/5c499-energy-security-in-ireland-to-2030/#:~:text=As%20we%20transition%2C%20the%20Energy,A%20Renewables%2DLed%20System

If anything, it should clarify logp position to focus on getting legal funding and getting proper compensation.

New energy security policy published by a Ryan

It’s availability at https://www.gov.ie/pdf/?file=https://assets.gov.ie/276471/2d15ce6d-e555-4ada-a3cf-b325a5d7ba20.pdf#page=null

The High Court has approved a bailout plan for Barryroe Offshore Energy. The great steal completed.

Slan.