Member Info for Flombo10

Unfortunately Ireland is Goodmans patch - money ,influence,connections and dirt .

The fact that we rely on the U.K. reflects the incompetence of our politicians. Especially with farage on the horizon.

We need an update from company and not just for another dilutative CLN notice .

Spud..

I admire your optimism .

Your comment“

The net 3 1/2 net tangible assets rule was introduced arbitrarily by Eamonn Ryan.” -

It wasn’t arbitrary introduced but was not applied fairly - Not to renewables only to Barryroe.

I am not arguing that lansdowne haven’t got a good case -they have but I fear the Goodmans will destroy lansdowne for its own ends .

How anybody can see this as positive news for lansdowne is beyond me unless Goodmans have made an offer ??

Mind you , they won’t get any permission in any form while FF are leading the government but FG take over in 2027.

This article was planted by the Goodman . I would draw your attention to this part.

“Barryroe has €100 million available to it through the Goodman family, which owns the business outright, allowing it to meet capital requirements”

The original Barryroe license was not rejected because of technical issues, but financially - the net 3 1/2 net tangible assets rule.

Join the dots .. MARA - €100m - we have the technical data ??

The Irish gov could say “ look they are drilling because they had the capital backup. We know it’s boll..ck but where is the ect case then.

As for the Irish gov taking a stake with Goodman - it’s common sense but it’s pure fantasy . FF and Goodman, the government would collapse in days .

We need statement from board about missed deadlines, any discussions with Goodman and why have they not actually yet initiated the ECT claim despite having got funding months ago.

The last part of that article didn’t print out . See below.

I presume from your comment, Swizz, you have not read the article.

Does anybody think Goodman drilling an exploratory well under MARA consent will do anything to our ECT lawsuit but destroy it. Anybody who saw the recent documentary on Goodman on rte knows how he operates .

Has he made an offer to Lansdowne to secure access and full ownership of all technical date relating to Barryroe.

Final part of article.

The Goodman family was the main shareholder in Providence in 2023. The High Court approved a rescue of the exploration business once backed by the late Tony O’Reilly and his family following an examinership that ended in November of that year.

While the Barryroe exploration licences no longer exist, the company has access to years of technical data collected on the field and its potential.

I

The reservoir, close to the Co Cork coast, could be extensive and poses different challenges should it be exploited.”

https://www.irishtimes.com/business/2026/04/30/new-company-bids-to-restart-work-on-barryroe-oil-and-gas-field/

It’s about time we heard from the ceo of lansdowne with an update . What is the progress of the rto. Has Goodman made any overtures ls to lansdowne .

From today’s Irish times .

Goodman trying to sideline the licence and drill via maritime area consent. He has already screwed the Barryroe shareholders and now trying to do the same to lansdowne shareholders. End goal, as predicted,get a new licence issued to him .

“

The Goodman family-backed company that rescued part of exploration group Providence Resources hopes to restart work on the Barryroe oil and gas field off the south coast.

The news comes as the standoff between the United States and Iran looks set to keep the Strait of Hormuz closed for several weeks more after the conflict involving the pair and Israel shut the vital shipping lane two months ago.

Barryroe Transition Energy is seeking talks with the Government on the possibility of carrying out further appraisal work on Barryroe, where licences held by Providence were extinguished in 2023 after former minister for energy Eamon Ryan refused to renew them for lack of capital.

Industry figures say the new company, backed by the Goodman family, intends applying to the Maritime Area Regulatory Authority (Mara) for a consent to drill an appraisal well in Barryroe, which could potentially hold commercial quantities of oil and gas.

While Providence once estimated that the field could yield 350 million barrels of oil, a review of that data indicates a potential mix of both oil and gas. An appraisal well would show if it is primarily one or the other, allowing the new company to decide on a way forward for exploiting it.

Legislation bans the Government from issuing new fossil-fuel licences, but lawyers suggest an application to Mara for a maritime area consent allows a possible way through this. Policy on security of energy supplies could allow for such applications through the maritime regulatory system, they say.

A domestic resource

Barryroe has €100 million available to it through the Goodman family, which owns the business outright, allowing it to meet capital requirements.

Alan Curran, chief executive of Barryroe Transition Energy, confirmed the company was seeking to meet Minister for Climate, Energy and the Environment Darragh O’Brien. He stressed the business was seeking “constructive talks” and was “respectful of Government policy” to cut the Republic’s dependence on fossil fuels and to reach net zero carbon by 2050.

The company’s argument is that the State will continue to need fossil fuels for a period as it moves towards this while having a domestic resource would bolster security of energy supplies generally, and cut emissions associated with importing them.

Ireland as a whole relies on natural gas to generate half the electricity consumed here and imports about 80 per cent of what it needed via the UK, some of which comes from Europe and further afield.

Allowing work to restart on Barryroe would require the Government to change policy on exploring and exploiting oil and gas in Irish wat

Most councillors are a waste of space especially on such matters . They always side with the local environmentalists. So much for the conservatives and reform. Energy decisions like this should be for the central government to take and implement. Once EG done , I am out of here .

Interesting article on rte website .

“Is it time to restart offshore oil exploration in Ireland”

it’s written by Paul Deane , Senior Lecturer in Clean Energy Futures , who is on many government environmental committees and is know as a committed supporter of renewable energy.

So while he came out against restarting oil exploration , the last paragraph of the article , coming from him, is very interesting.

“Ireland has a high reliance on natural gas for home heating, industrial use and electricity production and this reliance will remain high for at least the next decade. Any prolonged physical interruption in gas supply from the UK over the next number of years would be catastrophic.

Last month, the Government granted an extension to a company to extend exploration around the existing Corrib gas field. Indigenous gas production, especially in the vicinity of the existing gas field infrastructure, would enhance Ireland’s physical security of natural gas and should be consider and compared to other diversification options such as liquefied natural gas importation.

Full link . https://www.rte.ie/brainstorm/2026/0422/1569480-ireland-offshore-oil-exploration-natural-gas-refineries-capacity-challenges/

Thanks Adnatrob, that’s good news

I have a fear that with the elections , I believe , just a few weeks away -they will find some excuse to delay decision until post election .

Burniston planning meetIng

I would agree . Have dealt with a number of Chinese companies in Dublin and have always found them exemplary in their conduct especially compared to some Irish companies.

I doubt if Fuhai will want to get a reputation as difficult as this should be the first of many such agreements they get involved in .

I think if we get to the end of May without approval, then we can start to worry .

On the positive side , next week could be a big milestone week for EOG.

It is highly possible they will announced eog permission next week to coincide with the African energy week/ new licenceing round and with the cloughton planning meeting on the 24th, next week could be a milestone week for EOG

It’s is highly possible they will announced eog permission next week to coincide with the African energy week/ new licenceing round and with the cloughton planning meeting on the 24th, next week could be a milestone week for EOG

Posted by Someuwin on the other board.

New Tennyson 9 page note 7 April 2026

Summary...

Europa O&G (BUY) Share price 1.23 p/shr. Target 5.00 p/shr

ODDS ON FAVOURITE

Europa O&G (EOG LN) is on the cusp of drilling its first exploration well in Equatorial Guinea, targeting the 154 mmboe (gross) Barracuda prospect in shallow water block EG-08. Having sealed a farm-out with Fuhai Holdings, the partnership is fully funded for the well and intends to seek a jack-up rig for drilling in H2 2026. We estimate a discovery at Barracuda is worth US$353m unrisked net to EOG’s 17.2% share (19p/shr) – equivalent to ~15 times its market cap – plus there is a further US$522m unrisked (28p/shr) of follow-on potential in the wider licence area. Notably, Barracuda is a direct analogue to large, AVO-supported oil & gas finds made by Noble (now part of Chevron) immediately to the south. Here, 21 wells have been drilled with a 95% success rate – hence a discovery at Barracuda is seen as odds on (80% CoS). We reiterate our BUY recommendation with a target price of 5.0p/shr, believing the shares will run strongly as drilling approaches.

Today’s price rise probably due to new research note out by Tennyson. Unfortunately, it’s behind a payroll but the title is very intriguing.

“Europa O&G – Odds on favourite”

Also as this is their first time in exploration anywhere and also in the African region, it’s unlikely they would want damage their reputation in the manner you describe.

I don’t think the Chinese are unique in this matter .I personally know many Irish and British companies who do the same . Ryanair are a prime example as recent series proved . Unfortunately it’s always a possibility

We have approval for Ireland, we just can’t get a partner to drill it

Dai, Yes, when granted it will be . It is still “live “ at the moment while decision is been made .