Member Info for JH77

Hi Rocklawn. To attempt to answer your question regarding what is going on here.... (and I hope that I am right). I have a feeling that the Barryroe project is about to take a significant move forward. This would be a reasonable assumption because LOGP have delayed their AGM (held on 28th June in 2016) and have yet to announce this years date, which I suspect will be about 7th of August, and I have a hunch that they are expecting to have some important and heartening news for shareholders by that date. Given that their principal asset is their 20% stake in Barryroe (apart from 10% in a marginal field offshore of Waterford)...then my theory is that there may be a bit of know how floating about that a deal is imminent. Certainly this would be a great moment to pull this off for Tony as it would really underpin the valuation of PVR ahead of D&D drilling results. Davy assigned a valuation of 10.4p to LOGP shares on farm out news (fairly recently)based on 1 dollar a barrel for in ground oil recoverable volume of C70 million barrels for LOGP. God knows what the effect will be if an exploration drill on the Jurassic and Triassic strata unearths another couple of hundred million barrels will be. I notice that a lot of other players in the sector are moving up significantly as well. Tullow Faroe UKOG Petrofac Eog Nuog, and the Oil price has bumped up a good bit as well on data of reducing US inventory...So it looks like we are caught up in a "virtuous circle" and are finally achieving a well deserved rerating to get us to a proper share price.

Yeah...looks nice. 12.5% up on the day so far and beginning to get noticed. Could be an interesting session this afternoon.

Somethings brewing here methinks

That's exactly where I'm coming from. Lost a pile on this a few years back. Losses can be offset against tax bill gains this year. So have quietly accumulated a pile of these to claw the money back. Expecting serious gain on Barry plan going forward!

Tis the wind that shakes the barley!

Giddy up Lansdowne - you wee cracker!

Things seem to be looking up a bit today!

Not surprising given the RNS yesterday.

Cheers Wraith. I'll try to attend the LOGP AGM (depends on some potential work issues). It's looking a whole lot better than it was for sure. There's a good post by Sobeit on the iii board about LOGP (could be on the iii PVR board). Like yourself I'm thinking that now would be a good time to increase my holding in both PVR and LOGP....but will probably have to wait a couple of weeks for funds. Will be very interesting once they have quantified the extent of oil in place for the deeper Triassic and Jurassic layers as this will reflect on potential valuation of both companies...hopefully in a very positive way. Meantime, would be good to have some news of what's happening with MFDEVCO regarding Hook Head / Helvick / Dunmore....been quite a long wait on these, even though they are small fields....every little helps!

I'd like to buy another 200000 of these but I'm potless until payday. I could sell some of my PVR but I'm not prepared to do that when they have the potential to be much higher in a short while. So I'm not ******** if the SP stays low here for a bit longer

The penny hasn't dropped with the herd yet Frank.

The interesting thing is that as well as getting this substantial extension to the licence...is that the partners are now committed to studying the deeper Jurassic and Triassic levels which lie under the already quantified 2c reserves of approx 350m barrels recoverable. TOR hinted at the AGM that they were moving towards the realization that Barryroe is bigger than originally thought and the company now has the money and the time to advance the project further with more seismic analysis. They may even involve Schlumberger in this work if Druid / Drombeg comes up trumps. This is the best news in a long time for LOGP and people seem slow to realize this. Not a ramp on my part....I am genuinely over the moon about this and intend to purchase more shares here in the very near future (payday)

Best bit of news in yonks. SP should really take off here.

I'll post report if I decide to go....Not decided yet. Can be a rather depressing occasion if not many turn up. I've been in touch with a few other shareholders and they are not going this year. Will see nearer the time....It would be a whole lot nicer if Barryroe FO was in the bag!

Wraith....Dunno if I already asked you....Are you going to this year's AGM later this month?

Understand your frustration. I've been here for 6 years. 3 dollars a barrel would be a huge result. Do the math. I'm stickin with it cos as sure as I sell now the deal will be done. Coming to the AGM?

It's a cracker this one...a wee cracker! Hello sobeit you nerd. Enjoying your one to ones with Jimmy?

More or less. Though a straight take over is also a possibility.

It's been a long time....but if or when it happens this will be a huge multi bagger!

Not much action today. The modest little trade was actually a buy. I decided to even out my holding at 2 million shares...it's shown as a sell but it was a pretty good value buy imo.