Member Info for Mamms

Thanks, and thanks to the previous especially Swizz.

Sorry, I'm trying to avoid reading the circular - i just got a custody statement from cantor. I had approx 20m Logp. I now have approx 4m Lres. These are listed as "LANSDOWNE RES PLC ORD GBP0.0005". Should there be a separate listing for preference shares? Or something to indicate that these aren't just ordinary shares? Thanks.

Beardozer, the 5 to 1 consolidation has already happened, hasn't it?

I suspect Flombo10 is correct. Any settlement will be deferred as long as humanly possible. This won't settle for a long time....

Not available to Irish shareholders..... why is it not linked to existing holdings?

I'm trying to wrap my head around this but a few things strike me. 1. The notional 1m valuation fell to 640k. 2. At the time of delisting there were about 1.4bn shares, that seemed to ballon to about 3.2bn shares while delisted (through the CLNs i guess). 3. The 5:1 consolidation just restores that notional 0.001 valuation. 4. Post relisting, your stake is about 10% of what it was before the delisting - i.e. shareholders have been pretty well atomised. The original 1.4bn shares are now sharing any ect claim ultimately received.

If you had 20m shares, you now have 4m and these can be bought for 4k in the raise.

Have I misunderstood something?

I'm inclinded to agree with Flombo, I think this is very bad for LOGP - Goodman et al are trying to get a new licence on their own without our involvement.

Https://www.politico.eu/article/worlds-greenest-countries-eye-drilling-as-fix-for-iran-crisis/

Damage to Irish subsea gas pipelines could take ‘six months to fix and lead to power outages’

https://www.irishtimes.com/ireland/2026/03/14/damage-to-irish-subsea-gas-pipelines-could-take-six-months-to-fix-and-lead-to-power-outages/

If the Government wanted to revisit their decision, this is the ideal reason to do so. What will the world look like in 2 years? Or 5 years? Energy security, national security, now trumps all other considerations. Someone needs to pull the Minister aside and explain how the world has changed....

Does anyone know what the status of any action by 'providence resources' (or whatever the vehicle is called now) to get the Barryroe licence decision overturned? The last I remember, they could take a judicial review. Did they take that action and did it complete? Are they doing anything else to challenge that licence decision?

Trading stops on 21 March 2023(at which point, the register of shareholders in the event of a compensation payout will be set). Some have said there will be a secondary trading window somewhere but that seems unlikely - you'd have to believe BOE will somehow reactivate and/or LOGP is readmitted to the aim. Looks unlikely. I think anyone who stays in now will be in for the long haul. It's a long term punt that is taken out of your hands insofar as you can't decide in 6 months, 'Oh, I'd like to cash in my LOGP shares now'. Might be a stampede for the door next week or who knows, maybe some gamey lad or lady will hoover up all that's going before the watershed.....

The company will delist in 9 working days. Boldy just said, we'll keep a list of shareholders and pay out on the basis of that shareholder list if the ECT is successful. Why did everyone get so excited?

I guess delisting happens on the 15th March? (or suspension and delisting on 15 September). Anyway, the point is that for most punters, that don't have access to secondary markets, they will need to decide to stay in or quit in the next days. I'd expect to see even more volatility but trending down. Personally, I am taking a punt on a successful ECT case and outcome and so will just squirrel away the shares and see what turns up (but am under no illusions, this is at least a 10 year punt). I guess many will just throw in the towel in the coming days....

Some parties on here seem to think that the LU is still under active consideration ('in the bag' has been said) - I don't think that is realistic. That ship has sailed and the Government will not reverse themselves. LOGP is about to leave the stock market - it is taking a legal action for compensation which may result in a payout 10 years from now. I think anyone who thinks LOGP will still be actively trading in a few months is kidding themselves (at least).

I can't see SF changing tack on Barryroe either. It'll take a court to overturn it (vanishingly unlikely) or a major supply disruption this winter to cause a change.

I reckon there is a chance that the ECT thing might deliver a result (but not for a long time) - the time value of money means it's a tough bet to make. I'd expect SP weakness ahead of the delisting.

Hard to know what to make of that - my summary would be: we're progressing the ECT claim. You're energy policy is illogical. If you'd cop-on we'd be prepared to discuss a way out that is good for everyone but especially Ireland - but no one will discuss or engage with us in any way. Sounds a bit like a cry in the wilderness - no one to hear it.

Ryan is a moron but politically, he's dead if he even entertains the idea of issuing a license. Short of Russia/China cutting the interconnectors I don't see a change on the license.

I don't want to burst any bubbles but there will be no settlement with the Irish Government expect one forced on it after every possible legal avenue is pursued. I am betting on that outcome but I am shelving this thing for 10 years and hoping against hope that by the time there is a result, that shareholders have not been diluted to nothing... I suspect everything else are fantasies.

FFS. Why are expenses so high? They are issuing 200m new shares every 6 months (plus warrants etc), how long will that continue? We had 1bn shares in issues, then 1.2bn soon to be 1.4bn (has anyone any idea what the level of warrants that will be converted are if there was ever a settlement?). Seems to me that Boldy and co. need to either settle soon or else pass it over to a 'no foal no fee' legal firm that goes after compensation.

As it happens, I picked up a few last week. The point here is that, holders will have to take a decision (in or out) in the next few months, after which, there won't be an option any more and it becomes wait and see.

And yes, if it goes the Charter Treaty arbitration/appeals/etc. route, that will be at least 10 years.

It would be a hell of a result to overturn the permit and get it to development - I just can't see it being possible, even for LG.