Member Info for LONGWAIT

Thanks Wraith and Justscott: I found the table with estimated drilling dates on page 43. I am surprised that they expect to drill Newgrange prior to Avalon, considering they have a farminee for Avalon.

I can't see where you get those dates from, e.g. Avalon 2021.

Catch me out, Johnny? I need 57 p per share to recover all my losses! Thanks for the advice, Theo, but as I advised others to do, I filtered him long ago. I'm looking for good advice, not another Billy Graham.

His purpose is to keep up everyone's spirits. People don't like derampers. Remember, he said 'I BELIEVE [that there is oil in Druid]!'

At the risk of repeating myself, he next catalyst should be Cairn's decision about Avalon.

If Cairn don't exercise their option, the share price could go to 2 p. The market seems to be saying it expects PVR to go into receivership. With LOGP close to its record low, it seems the market does not expect anything to come of Barryroe. Presumably, it thinks there must be something wrong with it. If so, why is PVR spending its own money on it?

If Cairn don't exercise their option, the share price could go to 2 p. The market seems to be saying it expects PVR to go into receivership. With LOGP close to its record low, it seems the market does not expect anything to come of Barryroe. Presumably, it thinks there must be something wrong with it. If so, why is PVR spending its own money on it?

I just don't understand the talk about someone buying PVR because it's got great assets. No-one is prepared to farm into any of its supposedly-proven assets, so why on earth would anyone want to buy the whole company?

I just don't understand the talk about someone buying PVR because it's got great assets assets it has are Barryroe No-one is prepared to farm into any of its supposedly-proven assets, so why on earth would anyone want to buy the whole company?

You're worried that the price will go to 40 p??

I don't think so, fmfm. I think TOR is trying to secure a similar deal for Barryroe. If Druid is a success and he still can't get a deal, that would make me suspicious that potential partners have some doubt about it. But TOR insists there is nothing wrong with it and I believe he knows of nothing wrong.

Actually, Charlie, what TOR said was that Avalon is bigger than Druid.

Another big rise today. It is reported that a deal on Barryroe was done early in the year but fell through at the last moment. PVR are still hopeful of success.

I'm surprised that no-one has commented on the rise in the share price on Friday.

I'm just wondering what the poster who said that new shares priced at 3.5 p would be a bargain will be saying when he is offered more shares at 3 p. Believe me, I'm not enjoying this, even though I got out at about 10 p.

It's not recognised by the market, even though TOR managed to farm out Druid, where there are as-yet unconfirmed reserves. That seems to suggest that it isn't necessarily lack of confidence in TOR, but rather doubts about Barryroe.

I think these valuations are too high. An analyst recently estimated about 10.5 p per share. As someone either here or on the PVR thread pointed out, it is possible that more oil could be found in Barryroe, which would cause an upgrade. Still waiting for the trigger.

I think these valuations are too high. An analyst recently estimated about 10.5 p per share. As someone either here or on the PVR thread pointed out, it is possible that more oil good be found in Barryroe, which would cause an upgrade. Still waiting for the trigger.

The big difference is that PVR were going to drill Druid anyway and still no-one is sure that it will be successful, whereas Barryroe is proved to contain oil and it seems to be just a matter of finding someone with deep enough pockets willing to develop it. I am sure that the announcement of a farm out of it would cause LOGP shares at least to double in one trading session.

I wonder whether TOR may have clinched this deal partly in order to encourage potential farm in partners to do the same with Barryroe.