Member Info for JH77

Go back about 6 or 7 posts. A poster called draft posted 2 items on Tuesday. The are to be read together as they are part of the one report. This is the most recent piece of research on the subject that I am aware of and values logp north of 10p a share for farm out only. I reckon this is not over bullish and I am holding this for 10 bagger potential and more when the field gets developed. Good Luck!

Bit of a sell off at the close for some reason. Ìm keepin this one on close watch at the moment.

Thanks for digging that piece of research out draft. Just goes to show that a successful farmout of Barry would light a rocket under this.

Market cap looks wrong in research note. Closer to 5 million I believe?

Rather quiet day so far today...Not a lot of volume.

No nasty surprises in the report....and buys the company and PVR plenty of time to progress Barryroe to successful farm out and advance the project with predrill activities.

Inexperienced traders out for a quick buck! But a great result by SB and long term looking very much better than before. Bought me self a nice bottle of Pouilly Fumè just to celebrate. And tis going down well. Good luck all. It's been a hard slog and we all know it!

Hope it doesn't go up too quickly. I fancy another 150000 of these at least. Maybe a few more. Looking forward to the AGM to get a bit more insight into the plan going forward

You gotta admit old Steve Boldy has pulled off a blinder here all right. Damned fine fellow. This should see the company through until farm out deal is concluded and then there will be a slug of cash from the farminee to cover past costs. All set for a springtime drill next year imo. Bound to be some movement on Helvick over that timescale as well...so looks like the lean years are behind us now.

Excellent news and great to see the cash burn rate has been very much reduced...almost to the bare bones. I knew this was going to be OK in spite of the doubters. Time to load up with a few more methinks.

Hi Wraith....I dunno how long you have been invested here, but are you aware that LC Capital Master Fund is the private investment vehicle of Steve Lampe who is a director of Lansdowne? So in effect, as well as holding a directorship he is also the company's principal backer and has a lot of skin in the game. For this reason I cannot see him pulling out now as he would stand to make a major loss....so I'm guessing that the company will be kept going until Barry and Helvick come to pass. I hope that they get shut of some of the board of directors and reduce costs to an absolute minimum. Say 3 directors only and get SB to work from home to eliminate cost of office. Unless Barry is closer than we think.....

Thanks for jogging my memory on that business Wraith. BW

Totally agree mate! Holding and adding a few along the way!

Sorry about that bud! Shall I change it to "A Cream Cracker" ?

I'm not too worried about a slight delay with results Wraith. AGM is taking place July or early August....so will be available probably a bit ahead of that. Will you be attending the AGM?

Cracking finish!

It's a cracker this one....A wee cracker!

Hi Wraith....That would mean that pvr would have to create another 125 million new shares to buy out logp shareholders 500 million shares. Along with the 31 million (rumoured) new pvr shares being created for upcoming fund raise. So in total then....there would be about 760 million shares in the new entity. So that might knock the price back by about 25 to 30% in very approximate terms, but give pvr 100% control over Barryroe. Another poster on advfn was suggesting a much less generous 1 pvr share for every 15 logp shares, which I find unsupportable. I might go for a 1 for 4 buyout me self in a time of hard choices. Even valuing logp's 70 million barrels of oil at a measly 1 dollar a barrel suggests a valuation of 70 million us dollars or about 14 pence per share......Would prefer a buyout of logp for a cash offer around that figure by the likes of an incoming farminee such as total etc. Bit early in the morning to get my head around the numbers I must admit.

Rumours about that pvr are raising 4.5 million to buy out logp. Better up the ante cos I expect a bloody handsome premium on present lowly market cap. 1 dollar a barrel for 2c reserves would put this on about 12 times current sp.

Good to see a few buys coming in here again. Here's hoping for a bit of news next week in shall ah!