Member Info for LUCAIN

Large sale after 4 pm, 93,ooo shares, £53k worth.

'Agenda' is a plural, things to be done.

Probably the only tim e I will be abkle tio tell you anything.

Anyone know what is going on with the big buys?

Note, no comment on the share sale.

If there was some constructive motive for the recent share sale, other than someone needing cash, it would be helpful to know.

Are we not due a shareholders' letter?

Essentially PRD is being run on the basis that shareholders should trust the management, end of story.

If this were enough, there would be no need for all the huge structure of company law. Unfortunately history shows that it often isn't enough.

Lot of nervous shareholders here. Some afraid of missing out on a rise, others afraid of being locked in to a collapse.

For the moment, looks like the negatives are in the ascendant.

Published trades this morning make no sense. There has to be a large sell, so far undisclosed.

Glad to see you are still around

Even if no direct impact, the quake is bound to disrupt transport, supplies and administrative coherence to some extent, perhaps considerable.

Only Vlad would publish a good-news RNS at 5pm on a Friday.

Well, the science is good anyway.

I certainly hope you are right.

There is, however, a necessary condition, not yet satisfied: independent confirmation of adequate flow rates.

Until we get that, it's still speculation.

Thing is, institutional investors are generally risk-averse. The information which the company has so far released to us is evidently not sufficient to justify purchase by a risk-averse investor. I don't know why anyone would have thought otherwise. If and when we get confirmation of good flow rates, it might be a different matter.

Ok, the reversed sell at 15.23 has been re-entered just before 1600, 703k and some odd at 11.00.

Someone is clearly unloading a large holding in a hurry. That makes about 1,800,000 sold this afternoon at 11p when the going price was a little over 12p. Surprising it hasn't pulled the price down.

Looks like a reversed trade, 703k at 15.23, no net effect. Odder and odder.

Another sale at 11.00 circa 1530, don't know how many yet.

Very odd.

Another 364k sold at 11.00 just before 1400.

Not affecting the price so far, apparently.

Plus a whole lot of old trades posted, hard to make sense of them.

So. Who sold 750,000 shares just now at 11p?

Not a placee, presumably. No margin.

Someone who didn't like the CPR?

Or someone very pushed for cash?

Legal action in Ireland is a way of not getting things done. Unfortunately.

The most that can be expected is to hold the status quo on the Kinsale pipeline, and even that is uncertain. Ryan can close it by order at any point.