Member Info for highlander1970

Nice to see LOGP ticking up again this morning, hopefully we can retain the gains today and head on towards where LOGP should actually be valued at. With Brent still creeping towards the $70 mark, Barryroe gets more valuable every day. Unrest and infighting in the middle east may put off companies from investing there as the price of oil recovers but with Brexit fast approaching, any company involved in Barryroe gets direct involvement in both the European Union and the British market. Safe environment, low cost (Steve Boldy mentioned $25 per barrel all in cost), what's not to like?

what today brings, all reported rades are already figured into the price At least we know we are a day closer to whatever deal finally emerges from wherever! LOL GLA H

�116k trade (8000,000) posted as yesterday at 11:00 being shown here on LSE, not seeing it on iii

5.8 Million is quite high for LOGP, just a pity it didn't close above 1.6 Let's see what tomorrow brings GLA H

WS, I think it is the logical way to go. The "Farminee" buys out LOGP for fair value, gets our 20% and gives PVR a free carry on the drills for x% (let's say a further 20% for arguments sake) and so ends up with an industry "normal" of 60% / 40% split in a 1.3Billion barrel oilfield in UKIE shallow waters with infrastructure directly above the field. Bear in mind the gas that is not included could initially be targeted and produced through the current infrastructure to give an onging income stream to help alleviate the CAPEX costs for drilling etc. My question is why would someone NOT be looking at buying out LOGP?!

our politics currently are in turmoil and I firmly believe that there needs to be a clear out of career politicians and we needs to get some business minded people in places of authority. With Brexit coming we need to be running UKPLC as a business and not the charity it is being used as at the moment.

Some are suggestin a takeover of LOGP at around the 11p mark. This would be sorely undervaluing LOGP and would not represent fair value IMO That would be putting a value on LOGP of �60M (rounded for arguments sake) or a price per barrel of 87pence! That values PVR's 340MMBOE at �296M! I bet they wold be over the moon with that figure! My personal view is that a fair value of �3 per barrel in a takeover scenario would have most shareholders on side and would not create any ill feelings. Jimmy over on iii values LOGP at 25p per share giving MCAP of �127.5M, I reckon we should be closer to the �200M MCAP given the BROE asset in a takeover scenario which is quite possibly what we are looking at right now with ongoing talks as stated by the companies. At �3 per barrel, that would give PVR an asset value of (340MBOE * �3) �1BN as opposed to a �65M MCAP it is presently.

LOGP have 20% of it that gives RESERVES (2C) ranging from 69 MMBOE to 95 MMBOE Brent is currently flirting with $69 - $70 price range Assuming $4 per barrel STOIIP for our 20% gives asset value range between $276M to $380M Typically reserves are bought out at around the $12 and upwards mark This price is just plain silly, LOGP should be well in the double figures as we sit waiting for the next deal these videos on PVR site are a good reminder http://www.providenceresources.com/ireland-celtic-sea-basin-sel-111-lo-124

what's the connection to LOGP?

PVR up a decent chunk today. currently near 10%

have a look on LOGP website, initimation is the possibility of 92 Million BOE Net to LOGP

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=LOGP&ArticleCode=7gaeuhw2&ArticleHeadline=Major_Shareholder_Loan LOGP has sufficient ofrom the loan agreed last year to last through to the end of this quarter. Given that they have just entered a period of exclusivity with a potential farminee then it points that this deal is coming to it's final stages and that they really have been working on it for quite some time. The way it is written catches my eye as well as I think all the deals have been done and we are waiting for the ink to dry. "The Company is pleased to confirm the Barryroe partners have now entered into a period of exclusivity with a potential farminee in order to CONCLUDE contractual negotiations, having reached PROVISIONAL AGREEMENT on key commercial terms for a multi-well programme at Barryroe." (caps are mine) I think the waiting window is about to conclude and LOGP's future is about to be written. Normal Farm-in agreements give the owners some of the back costs back for a better share in the asset so I stick my neck out and say that I think LOGP will have more than enough cash in the bank to pay back the loan with it's 12% interest coupon without having to dilute shareholders and I think that will be during this month! Remember that the BoD here have averages close to the double digit mark if not higher.

so, can't even quote corrrect percentages of asset and the stock he advises us to move into is down 8% today so far Thicko!

POO keeps marching on Can only help GKP

yes, and they manged to get samples as well. Very light oil (I forget the degree now as it was a while back and I'm not going trawling for it but it was close to condenate levels if I remember correctly.) There is also lighter zones above that as well though which should be behind casing in a quite a few of the wells, they could conceivably preforate and co-mingle with those zones along with current production zones (I am guessing it's a license thing that they are not doing that)

been proven loads of times previously over loads of other shares I for one DO NOT SUPPORT ANY ACTION GROUP IN MY INVESTMENT

it was an "action group" that got us in this predicament so poke off with that idea and the zone you're talking about is called the permian, it sits below our current producing zones but if you do some actual research then you would see that there are other zones we could be producing light oil from as well which are far less problematic to get to.

if they give us fair market price per barrel then I am definately all for that! �3 per BOEIP will do thanks, I'm not greedy

http://www.lansdowneoilandgas.com/wp-content/uploads/2017/11/Investor-Presentation.pdf someone asked earlier about the gas, it is detailed in the presentation

as per previous release http://www.lansdowneoilandgas.com/portfolios/2035/