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I am not disagreeing with what you are saying but within the framework of Ryan’s agenda and the limited number of live licences, even having its in draft policy that drills are expected is sadly , actual progress. Apart from barryroe and europa Inshkea, what other games are in town.

But that 10 was for the policy period of 2015-2020 which was prior to the ban on new licences. If allowing for and expecting 3 drills per year , it should be enough for both barryroe and Inshkea to proceed as so few live licences exist.

Below is an interesting part of the “ draft plan for assessment of applications for petroleum exploration

“The maximum (also introductory paragraph at section 7) number of wells forecast to be drilled under the Plan in terms of over the duration of this plan, as well as the maximum in any one given year, is outlined in the table below:


Maximum over duration of plan : Wells drilled :15
Maximum Wells drilled in any one year : 3

Will one of them be barryroe ?

It looks like that 1 m share trade in dublin was a buy. This could creep up to 6 cents over the next few days

Manyana, re Lansdowne, yes but it’s quite amazing that Lansdowne price has not moved today .

Ps200306 -“Why would others farm in at different terms than LG.”Well , barryroe with an updated lease is not the same as barryroe now. Land with planning permission is more valuable than land without. The question is of what magnitude. Also LG himself might want to lower his risk because it is as you say an appraisal well not an production well.I would imagine there will be an rns from the ceo of Lansdowne soon, it will be very interesting to see if he was in the loop or not and what he says. If the market though that LG deal was going to be implemented fully, you would have thought that barryroe shares would have tanked today and Lansdowne would have risen massively.

Sinn Fein, in my view are green as they see votes in it . It’s interest based rather than philosophical. For example, here is a comment from a Sinn Fein Mayo TD from June talking about Corrib gas field .Source. The Irish times

Sinn Féin TD Rose Conway-Walsh,
“Gas will continue to be a necessary transition fuel. Given the potential risks that have been exposed to the security of supply, it is important that we look closely at any potential of extending the life of domestic gas assets.,” Conway-Walsh says.

Energy security report to be published tomorrow, according to eamon ryan

13m shares just traded … change is a foot

Strong piece in today Irish times by Micheal mcdowell castigating minister Ryan

“The Government faces difficult choices. At a minimum, we should permit further gas exploration development in our coastal waters. We should also permit the construction of gas storage infrastructure, and ensure that we can keep electricity generation, heating, industrial production, and transport running.

Green Party leader Eamon Ryan has signalled unequivocal support for Ukraine. Minimising the damage done by Putin to the EU economy necessarily involves protecting our own economy to the maximum possible extent. There is no rational basis for restricting further development of the depleting Corrib gasfield. Nor is there any reason to restrict the activities of Providence Resources in and around the Barryroe field.
There seems to be a certain disconnect between policy and practicality.”

“Let us be under no illusion. All the experts say we will probably need gas for the next 30 years, especially in the absence of nuclear power. The only way in which the Green Party’s policy can be defended is by throwing ourselves at the tender mercies of the imported gas markets. So how can we prohibit the construction of an LNG terminal without making ourselves totally dependent on gas interconnectors with the UK?
We simply cannot adopt a wing and a prayer approach to the economic survival and prosperity of our country. High-minded invocations of global warming targets – in the face of Putin’s blackmail and the fact that China is building more and more coal-powered generating stations – are admirable but highly irrational in the new era of energy-driven global conflict.”

Barryroe is not mentioned at all by Ryan in this article, he is ruling out the LNG terminal and nuclear fuel , so I don’t know where you are coming from with your comments .

Thanks Donalb, Yep it seems since ruling in July 2021,
“ that Investor-State Dispute Settlement (ISDS) cases using the Energy Charter Treaty are “not applicable” within the EU – i.e. between an investor in the EU and an EU member state. Specifically, article 26 of the Energy Charter Treaty (ECT), which allows for so-called corporate court arbitrations, is not valid intra-EU.”

I don’t suppose as we have a London listing that we could claim to be an British company!!!

Donald’s, I am a bit confused ..why was this rockhopper case not taken under eu laws

If my maths are right, it would have cleared out more than the m&g position . 158m shares represents about 15% of the share capital. If it was LG, that would give him about 24%

Somebody has just spent £4 m buying up a big chunk.. is LG making his move

All it needs is another small plunge into the market and he will be our largest shareholder .

Interesting to note that Larry goodman’s investment vehicle , vevan has doubled its shareholding . It’s now stands at 8.8%. Obviously Larry is keeping the faith

Another possible view of events!!!

At Wednesday’s debate, the Greens and then Brophy, the FG spokesman, said they don’t comment on licence’s that are been processed.

On the following afternoon, Thursday, the interview with Varadkar took place. To be fair he did comment on the licence , pointing out what he believed the issue was. His comments were double checked and confirmed by the journalist with a phone call to Varadkar’s aide.

On the following day, a quick fire fundraiser was initiated and completed.

Varadkar has given a wide ranging interview to the subscription newsletter the currency .

In it , he mentions Barryroe and the views he expressed are confirmed later by his aide over the phone.
Basically, according to Varadkar, in order to renew the licence , providence must undergo an economic assessment , which is ongoing but due to conclude soon.

But there is a question mark over whether Providence has the financial backing to move forward with the next stage of its appraisal. 
You need the financial wherewithal to make use of it and I think that may have been the issue, says varadkar

What this the reason for Friday quick fundraiser and will be it enough. Obviously the decision is on its way

Thanks for link to scrip Brendanor. Usually stuff from all the left wing parties. What I found interesting is that no FF or FG deputies spoke in the debate apart from Fg spokesman, which actually I think is an encouraging sign. On the negative side , will the licence decision now be delayed for more months while waiting for new legislative position on exploration.