Member Info for highlander1970

the problem here is that the cash burn will be sizeable by the time it comes to drill Barryroe with nothing pencilled in for before that at this point. This will necessitate either a fund raise or another farm-in and they've been trying that for a long time for Barryroe even though they say there's nothing wrong with it (personally I don't think there is anything wrong with it apart from the wax content) Time will tell but the cash burn is being priced in in my opinion and I also think we may see this go cheaper still hence why I sold out in the 5's

next drill for PVR is Barryroe

https://uk.reuters.com/article/us-total-maersk-idUKKCN1B10IU "Analysts from Raymond James said the value of the deal appeared fair with Total paying $13.4 per barrel of reserves – in line with what Royal Dutch/Shell paid to acquire its rival BG in the biggest oil transaction of the past decade in 2015." I was basing my previous prices on $3 per barrel :-)

Ships!! Damn phone and big fingers!

Mostly used drilling onshore nowadays. No kelly's in today's drills hips ;)

hooray!! We're blue!! Keep going LOGP!! 7p plus would be nice for starters!!

I am also over 6 years here hence getting a little frustrated with the wait and delays. This was supposed to have been done and dusted years ago. Thank goodness I have managed to get my average down to a place where I think I will at least make a little bit for my patience but I make no bones about it that I want them to sell and walk away, and the sooner the better! I wont be at the AGM, I see no point in going to those for the simple reason that you can spend a day or so getting there and you're in and back out in 20 minutes. Waste of time.

for the SP to get the trouncing it did today? It's about time they sold this lock stock and 69million barrels! I'll take £3 per barrel please!! Next week will be fine.

to see some movement on this one finally, long may it continue as we are way undervalued here!

that they are adressing the finance in a prudent manner but I would also like them to get a flipping move on with this farmout/JV/sale/whatever it is they are trying to do for the last 5 years!

sorry but I find this persistent "cracker" quip really annoying when the SP is doing what it is doing. It's like lemon on a paper cut!

http://www.zerohedge.com/news/2017-06-15/south-africa-says-mines-must-be-30-black-owned-rand-mining-shares-tumble

would make a change from crying with this one, that's for sure!

unbelievable isn't it!

PVR now have Total on board for the deep water drills which should free up a lot of monies potentially to do something on Barryroe finally!

with 2c of 69M barrels we have a MCAP of £5.48M Even a very conservative £1.50 per barrel would give us a MCAP of £103M or 19p per share And they are saying that Barryroe is bigger than previously thought? Sales hype? Something happening? Come on LOGP...do something to get the SP moving north for a change!!

sorry about typos, flippin virtual keyboards!!

I had actually forgotten that I had shers in this circus. I saw in my account today that a few years nack I had thought it a good idea to invest £1400 in her. It is now worth £7.30!! Woohoo! Lucky me!! It costs me a tenner to sell them!! LOL Good luck to holders here but a lesson is never to put any money into Africa

I hope you're right, I have been patient a very long time here to teh extent that I am becoming A Patient!!

I certainly wouldn't class this as a big rise and TOR seems to have been able to broker so many "we were nearly there but it fell through at the last minute" deals Maybe he should leave the negotiations up to LOGP staff instead?