Member Info for Flombo10

The fat lady is about to sing on Friday Nov 3th,although that depends on justice Quinn.

The red herring of millions of euro of liabilities on cleaning up , was just that . Wallace now claims that after further investigation, this liability has no merit and is not admitted .

Wallace said the new Barryroe will seek to build green projects but also seek other opportunities in gas and oil exploration. Barryroe oil field ,may or may not play a part.

With 65% of shareholders votes voting against,it seems one of the larger shareholders has gone in LG. They were ,no doubt , given a verbal sweeter to go the extra furlong.

Do Probably one of the greatest steals in irish corporate history about to take place , although I would not be surprised if justice Quinn has more to say on the matter :

-Flagrant abuse of the examinership progress and its real purpose.

-Taking unfair advantage of existing shareholders.

Or maybe he will just play the game and push everything through. The latter more likely . Slan

The matter will be ruled upon tomorrow morning at 11.00 with Justice Quinn .

This share’s price does not change in relation to things like Chevon etc , that’s just plain crazy. Of course It takes little to move it but the changes today and yesterday are due to bey

Disgraceful but not surprising, we are still waiting for an rns with exact details of yesterday’s votes etc.

What then is the meaning of the below, if not to vote . The result of which , justice Quinn will no doubt take into account.

“The purpose of the Meeting is to determine by resolution if the Scheme of Arrangement placed before the meeting should be approved pursuant to Section 540 of the Act.

You can lodge your vote without physically attending the Meeting. You can do so by submitting the enclosed proxy online on the website at www.eproxyappointment.com as detailed below or by return post to…”

I can understand many logp shareholders, (as I am myself )wanting a No vote but I see it as test of LG intentions.

If he only wants it for tax write , he might throw in the towel if the scheme is rejected by shareholders and courts .

But if his real intention is to somehow get those 350m gallons of oil worth maybe 3.5b net to him, he will up his offer and it will be “ game afoot “for both Barryroe and logp shareholders.

I doubt if many of them will know about it .

I hold my shares through one of Ireland biggest brokers . I emailed them as I had received no corporate action notifications or proxy vote. They informed me they had not received

proxy form relating to your Barryroe Offshore holding and the planned meeting at the end of this month as of yet but I could send them a email with my voting intentions .

It is quite possible that the courts will reject it . Only today a rescue plan for Mac interiors by Kieran Wallace of Interpath Advisory has been granted until 2pm tomorrow to put a revised rescue plan for that company before the court, after Justice Michael Quinn rejected his rescue plan following objections .

The same parties are involved in Barryroe

He is actually buying it for less than a €1/2 million .

The €1m and €5m are going in when it’s basically his company or his incurred debts.

If everything is above board and if no private deals have been done ???? then it’s impossible to see why large investors like Peagant would vote for this. Why would anybody?

LG has safeguarded his original investment, and now has €25-€40m of tax write offs . He will take legal action to seek compensation with others but also To delay any payment for clean up bills ( which of course will never be paid in full )

The 5% of a future sale or production( no mention of compensation funds) is a joke and a tease. 80% of the shareholders to get 5% of of revenues from a licence that has expired.

The only thing we have to value this , is logp , which has 20% of that expired licence. The markets value it at just £1m and it has a proper legal Route to full Compensation, rockhopper style .

LG has been to greedy here . He has forgotten a basic lesson of the cattle markets ,leave a little on the table .

Let this go into liquidation. We know, from the Examiner, there was 2 other offers . Let LG and others bid for the tax write offs and possible revenues from compensation.

Total creditors are less than €1/2 m so there is a possibility of some return from a liquidation for shareholders instead of pie in the sky inflation devastated 10 year worthless promise on an expired licence.

Finally it would be great to get clarity on whether this “5% future carrot” affects our ability to write off full losses on our own personal tax bills this year .

I don’t know why anybody would vote for this .

Prefer to see it go into liquidation and see who bids for the tax writeoffs and exola , esp with a Sf/FF government on the horizon

In relation to Eog, they do have the get out that it’s a natural gas play and not an oil play ( as silly as they really is) but with extremists like Ryan, you can never tell

The shareholders have to vote on it before its goes back to courts for final approval. Shareholders are not going to give it away for next to nothing to LG . Many will feel, let it go into liquidation and see what they get for its tax loses and exola from bidders

Dear God, we were told that would happen , re previous rns and aim rules. The last rns was a confirmation of this fact . Would you please cop yourself on, its becoming very embarrassing for you. Go and watch the rugby and try to clear your emotional feeble mind.

Lol. Poor response . Read the rns again .The news was released in august . You are starting to lose it . Stop been so emotional, it showing how weak you are ?

Longerwait , you are the uniformed fool who thought the cash shell news was New news late week . You need to put a little more effort and application into your trolling.

Are you a creditor of BEY?

No, old news , read the august rns and stop acting the b..locks

Longerwait- old news

Except this little child is been advised by top class international lawyers who recently took “Italian parents” to the cleaners for £200m +

I don’t know about that . This is basically the Irish government’s solicitor advising Ryan’s dept to start talking ,but using wording which sir Humphrey Appleby would be so proud of.