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"With its now proven technologies, we believe that the market opportunity is significant, if the group can execute its commercialisation strategy successfully," wrote John Cummins. While "not easy" to place a fair value on a company at this stage, his target was "supported by both multiples ascribed in the monitoring sector and [intellectual property] held within membranes". Crucially, he admitted assumptions for the divisions were "conservative" and that forecasts would include none of the potential benefit of the Gibraltar contract until there is greater clarity. Well, things may be about to get a great deal clearer.

http://www.iii.co.uk/articles/412176/how-modern-water-shares-made-500-profit-five-weeks?context=LSE:MWG

Hi All, I've been a lurker for many months on the VRS boards and have much to thank many of you esp Superg1 for not only making me very much richer, but for sharing insights so freely. I've collected many of your insights that you all shared and have then spent many hundreds of hours researching around them. I have now posted all of my research on Stockopedia as that is my usual investing weapon of choice, but thought you may be interested as it pulls much of what you already know into one place ... and there may be the odd new insight (but not many for Superg1). You just have to create an account (no payment needed) to see them all. hTTps://www.stockopedia.com/content/versarien-part-1-background-to-the-graphene-marketplace-305388/ hTTps://www.stockopedia.com/content/versarien-part-2-a-deep-dive-on-versariens-busines-305553/ hTTps://www.stockopedia.com/content/versarien-part-3-graphene-competitors-305558/ Best wishes Mike

Downing Street is racing to finalise dozens of corporate deals between British and Chinese companies as Theresa May prepares for her first visit as Prime Minister to the world's second-largest economy. The other organisations due to attend, according to a source, are the Agriculture and Horticulture Development Board; Arup, the engineering consultancy; Busy Bees, a chain of nurseries; China-Britain Business Council; Cambridge Science Park; Connect China‎; the Eden Project; Kendal Nutricare, an infant formula maker; Manchester University; PriestmanGoode, a transport design consultancy; R5FX, a foreign exchange trading business; Rooney Fish; advanced materials producer Versarien; Whittard of Chelsea, the upmarket tea producer; and WorldFirst, a foreign currency specialist. Chinese-backed companies have invested billions of pounds in corporate Britain, including through the recent takeover of the chipmaker Imagination Technologies. https://news.sky.com/story/downing-street-races-to-clinch-deals-ahead-of-mays-china-visit-11222951

http://www.xinhuanet.com/english/2018-01/25/c_136924701.htm British PM to visit China Source: Xinhua| 2018-01-25 20:21:38|Editor: pengying BEIJING, Jan. 25 (Xinhua) -- British Prime Minister Theresa May will pay an official visit to China from Jan. 31 to Feb. 2 at the invitation of Chinese Premier Li Keqiang, Foreign Ministry spokesperson Hua Chunying announced Thursday.

Downing Street races to clinch deals ahead of May's China visit 12:37, UK, Friday 26 January 2018 The other organisations due to attend, according to a source, are the Agriculture and Horticulture Development Board; Arup, the engineering consultancy; Busy Bees, a chain of nurseries; China-Britain Business Council; Cambridge Science Park; Connect China‎; the Eden Project; Kendal Nutricare, an infant formula maker; Manchester University; PriestmanGoode, a transport design consultancy; R5FX, a foreign exchange trading business; Rooney Fish; advanced materials producer Versarien; Whittard of Chelsea, the upmarket tea producer; and WorldFirst, a foreign currency specialist. https://news.sky.com/story/downing-street-races-to-clinch-deals-ahead-of-mays-china-visit-11222951

Bad news!

https://www.bloomberg.com/news/articles/2018-01-14/carillion-makes-last-ditch-bid-for-u-k-bailout-mail-reports

Today 11:11 Price: 11.35 DelBoi 347 posts PVR I have been in contact with both PVR and LOGP offices over the past few days. From discussions, management teams from both companies are in London ATM, they are set to be back in there respective offices next Monday.

"Shandong Ruyi Group has updated Bagir that it has made the transfer of the $1.65m initial deposit payment to Bagir. Bagir will update the market once this payment has been received." Should arrive later today!

https://www.independent.ie/business/irish/providence-resources-surges-on-farmout-36454208.html

Providence Resources surges on farm-out Donal O'Donovan January 3 2018 2:30 AM Providence Resources was a big mover in Dublin yesterday. Shares in the oil explorer have more than doubled from last Wednesday's 6.8 cent close on the back of the company confirmation on Thursday that it had signed an exclusivity agreement with an unnamed partner to develop the potentially huge Barryroe offshore field. The stock closed at 16 cents a share yesterday, up 68pc in the session as investors returning from the Christmas break absorbed the development.

0.16€ = 14.20p Starting higher tomorrow as we are following Ireland

http://www.proactiveinvestors.co.uk/companies/news/189392/providence-resources-and-lansdowne-oil-gas-shares-soar-as-barryroe-excitement-resurfaces-189392.html Barryroe is a significant oil project, with more than 1bn barrels of crude potentially present and production volumes projected at around 100,000 barrel per day but for several years the pre-development project has stalled. READ: Providence Resources and Lansdowne Oil & Gas closer to Barryroe farm-out with signing of exclusivity deal Put simply, the project would be too big and too expensive for Providence and Lansdowne to take forward into production alone. They have been seeking larger partners, with deeper pockets, ever since the breakthrough well success back in 2012, though the initial optimism was dented by the collapse of crude prices from highs above US$100 per barrel. As capital budgets tightened across the sector, the prospect of new commitments to new expensive growth projects became increasingly unlikely, and thus investors in companies such as Providence became increasingly frustrated. Now, however, crude prices are looking healthier (with Brent now staying comfortably above US$60) and many of the ‘financially reset’ larger oil firms are again seen to be interested in taking new projects. Exclusive farm-out talks now advancing

PRP:IDDublin Providence Resources PLC 0.16EUR+0.07+68.42% https://www.bloomberg.com/quote/PRP:ID

http://www.alignresearch.co.uk/oil/providence-resources-fabled-barryroe-farm-in-finally-in-sight-first-thoughts/ PROVIDENCE RESOURCES – FABLED BARRYROE FARM-IN FINALLY IN SIGHT? FIRST THOUGHTS…

Share lift as Providence enters talks to sell Barryroe stake Providence did not name the partner it is in talks with to sell the stake Charlie Weston December 29 2017 2:30 AM Oil and gas explorer Providence Resources has entered exclusive talks to sell a stake in its Barryroe oil prospect off the coast of Cork. The announcement sent its shares higher. Providence did not name the partner it is in talks with to sell the stake. But the company said in a trading update that it has been working on plans to drill an appraisal well and it expects to issue an invitation to tender early next year for the procurement of a drilling unit. CEO Tony O'Reilly said that it has granted a period of exclusivity with an unidentified party to take a stake in the prospect, or what is known in the industry as a farm-in. Mr O'Reilly said the move could lead to a "multi-well programme at Barryroe". Providence owns 80pc of Barryroe and Lansdowne Oil & Gas holds the remaining 20pc. The companies involved stated they were "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". However, Providence warned that there is no certainty that the current talks will lead to a deal. Barryroe has more than 300 million barrels of recoverable oil. https://www.independent.ie/business/irish/share-lift-as-providence-enters-talks-to-sell-barryroe-stake-36443216.html

11:50 Re: Barryroe jimmy24 Great news on barryroe farm out, period of exclusivity granted to investor company to finalize a multi well farm in , per Pvr. The new seismic really is making a difference. Shares worth 15 to 20 p based on independent reported reserves of 340 million bibles of which 20% to logp. Best value oil stock on AIM at the moment. J More View thread 3 Respond Login to Vote up Neighbourhood Watch 19-12-17 Barryroe jimmy24 The main reason barryroe was not farmed out was that the seismic was very unclear which did not allow the direct mapping of the reservoir and hence small intra reservoir faults could not be identified and hence a risk of reservoir compartmentalisation. The problem occurs because in the Celtic sea there is a hard layer of chalk rock below the seabed which causes an echo in seismic which makes it difficult to identify the reservoir rock in seismic. This is known as a seismic multiple and conventional techniques to remove by data processing also remove 95% of the reservoir signal. Hence no farm out because investors could not be certain the thin sand reservoirs were not compartmentalised. That's all changed now with seismic processing by U.K. Company seismic image processing which removes the seismic multiple and preserves the original seismic signal. See http://www.seismicimageprocessing.com/assets/pdfs/multiple_removal.pdf This is vey important as it allowed pvr to map the reservoir with confidence. See the pvr barryroe presentation. The consequences of this change are huge. It means that Logp can now farm out barryroe and it's 20% share of the barryroe proven independent c2 reserves are a real asset amounting to 68 million bbls of oil Pvr are to drill next year a well which is 200 feet up dip from an existing discovery that will lead to a final investment decision on barryroe development. Logp have a high chance of farming this out because the data improvement is so substantial. Alternatively , the probability of being taken over at current share price or even a small multiple thereof must be very good indeed. Even if there is equity dilution to fund a share of the logp well this must be the cheapest value company on Aim for a company with 68 million barrels of proven undeveloped oil . This is easily a 20 bagger Jimmy http://www.iii.co.uk/investment/detail?code=cotn:LSE:LOGP&display=discussion

Green light given for drilling at Ireland’s Barryroe well Written by David McPhee - 28/12/2017 8:38 am Landsdown Oil and Gas and Providence Resources have announced they have been granted permission to begin drilling at the 48/24-K Barryroe appraisal well in the Barryroe Field. Barryroe, located in the North Celtic Sea Basin, off the south coast of Ireland, has had six wells successfully drilled on the structure. The companies involved in the Barryroe project have begun work on planning and consenting and the procurement of drilling equipment to begin work in 2018. Esso successfully drilled four wells in the Barryroe region in the 1970s with Marathon Oil also proving oil there in the 1990’s. Landsdown Oil and Gas hold a 20% stake in the project. The companies involved stated the were ‘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.’ https://www.energyvoice.com/oilandgas/159876/green-light-given-drilling-irelands-barryroe-well/

March 2012 : Barryroe, which is in the Celtic Sea, off the coast of southern Ireland, flowed 7 million standard cubic feet of gas a day from a second, 17-foot thick gas bearing section in the upper part of the Wealden sandstone. It also produced 1,350 barrels of oil a day, giving a combined total of 2,516 barrels of oil equivalent a day. Providence, the operator, had previously tested a 24-foot thick lower basal interval, which produced a combined 4,000 barrels of oil and gas ? more than double the rate needed to ensure Barryroe is economic. The initial estimates suggest the well will flow at a combined, or co-mingled rate of 6,183 barrels of oil equivalent a day.