Member Info for Manyana

Without oil or gas to generate electricity Ireland is going to lose up to 30 datacentres.

https://www.irishtimes.com/business/energy-and-resources/future-of-30-irish-data-centres-uncertain-as-regulators-propose-curbing-development-1.4588990

So, bang goes Ireland's 12.5% tax incentive and 30 datacentres bite the dust.

When will the "brains" that run this country realised that you either develop it or you buy it. At present, Irish oil and gas comes indirectly from Russia. Note "the main source of gas for both the Belgian and Dutch pipelines which supply Britain - and thus Ireland - is Russia." And it will be even worse when "The Nord Stream 2 gas pipeline" comes on stream.

So, it is alright to be "Green" and don't develop your own even if it means bolstering a socialist, communist regime such as Russia. No matter. We will all be Chinese soon.

I hear the donkeys braying up there is the Dail - a bunch of jackasses, in the main, a gaggle of failed teachers, so what can they teach us?

I agree with you Cephalo.

If the management of this company was Rag, Tag and Bobtail. I would just cash in and put it on a horse.

But the people running this company are not a pack of fools, so ask yourself what are they doing with a "dead dog" as people on here claim. Listen to yourselves, I ask them. All of this management team of Plunkett, Linn, Andrew Mackay and James Menton have all had major successes in business and all of them are long in the tooth and have plenty of money. So why are they here running what the nerds call a "dead dog"? Because an as** hole like TheSh** says so. Give me a break!

Like you say, some of us have been here for years and like you say have been in these from pennies to £6. And remember when they consolidated they went from 6billion shares to 60m at €4 a share which equates to €0.4c a share. . 1billion at 3.75p At 6 billion they were at 8p so at would equate to 21p. And like you say, I sold "loads" of these at £5+, bought three houses for my children, and bought back at prices as low as .9p so what do they owe me? F/A but a bit of fun reckoning they will get it right. In betting terms, an odds on shot.

So, good to see somebody else talking a bit of sense as against the perpetual ass*hole who promised he was leaving but still cannot keep his big mouth shut and cannot keep his promise. But what would you expect from somebody who speaks continually out of his rear end?

Bronxville,

I fear your memory is a bit awry.

You say "not a drop has spudded....". What about the Mexican gas and the Singleton oil field in the south of England? After all, baby sold that for about £80m and then went and squandered it on fruitless searches in Ireland.

I don't think you know as much as you claim about the history Atlantic/Providence.

As for me, I have a nephew who made so much money on football betting in the UK that he paid off his house and now he has been banned by the "bookies" because they don't like losing. He and I are working on a system to "hide" from them and still make money. "Softly, softly catchee monkey", as they say.

If you think this is a joke read this and realise it happens all the time:

https://www.mirror.co.uk/news/uk-news/bookies-ban-wizard-odds-punter-9374044

Rather than listen to the rear end bleating of TheShi* I have developed software that can guarantee a profit on football correct scores. Far better fun that hoping to be amused by this BB.

TheShen,

Obviously science goes over your head so a few facts.

The profile of Providence has changed and Plunkett and Merton are both money men and are for selling rather than developing. That is their forte and being "long in the tooth" I am pretty sure neither will want to hang around long enough to see Providence as an "oil producer. That is why they have brought Merton on board and what you have been hearing is the residue of the Spoton deal which was a "development" one but appeared the best option at the time.

Next. The development of a hydrogen plant next to Cork is relevant because, currently you can mix 1% hydrogen with natural gas to produce "clean gas" but currently Keele university have a "safe" system that will allow 20% hydrogen in the future. Since the gas from Barryroe is scheduled to be pumped into Cork, the mixing of the gas with hydrogen would satisfy the "clean air" brigade and also extend the life of Barryroe and Ireland's self sufficiency of supply.

So, the sale of Exola makes far more sense than Providence trying to fund the "development" and with Corrib exhausted by 2029, Ireland badly needs an alternative resource.

Also, instead of blowing inanities out of your rear end can you explain why none of the license holders, some of the biggest oil companies in the world with world assets in other places, have relinquished their licenses but continue to pay the fees if oil and gas in Ireland is "dead". Are they as stupid and thick as you?

And where is your promise of less than 1p? I have a bundle of money waiting for your "prophecy" but it is no nearer even though you "promised" it would once the Spoton deal fell through.

Please climb back into your cave with the rest of your monkey clan as your gibbering will make more sense to them than to us. So keep up the gibbering. I love to hear you make a fool of yourself.

TheShen,

Are you a narcissistic kleptomaniac who suffers from insomnnia. I note you post at the most ludicrous times of the day and night.

I also note the lie you told us some time ago that you were going to be "so busy" that you would not be able to post on here. Were you in line for a job, such as toilet cleaner, which would be within your bailiwick but it fell through when they realised what an a*seshole you are.

As for Providence raising money to fund the development of Barryroe. I suspect they got shot of SpotOn so they could sell Exola, lock, stock and barrel and make a lot of money. After all, Providence has $200m losses which it can offset against any profits coming out of any of its developments and people seem to forget Hook Head, Dunmore East and Helvick, all of which have flowed oil and could actually interconnect into one reasonable oil field.

It is also interesting that the plan outlined in Linn's last presentation included a hydrogen plant used to manufacture fertilisers. Well, the reason for this "kick your ass" is to point out that you might not like "A must Read for Oil Heads" but there is an article in today's Irish Times which is certainly relevant to Linn's view of the infrastructure of a Barryroe development.

Perhaps you might find this a bit more relevant you a**hole.

https://www.irishtimes.com/business/energy-and-resources/energy-company-plans-120m-hydrogen-facility-near-cork-harbour-1.4574726

No wonder people have given up writing on this BB when a number of braindead bullyboys want to dominate.

And what is especially worse is that the bullyboys haven't a clue as to how oil and
gas licenses work in Ireland subject to very specific laws which were devised to protect the Irish tax payer but in fact had now created a fertile picking ground for the oil companies.

First of all, let me comment on the "three" nerds who obviously have nothing to do other than to sit like vultures on the trees hoping to get a bit of meat when they could possibly (perhaps not) be doing something more constructive.

I posted an item at 22.39 last night and then "TheShen" responds at 22.48 How did he respond so quickly if he had been doing something more productive, say pleasuring his partner.
Can't get it up "TheShen"? There is treatment for that. He must have been doing nothing other than sitting contemplating its naval or some other appendage, otherwise how did he comment so quickly?

I note all your comments have been about Providence and Lansdowne? Have you got an LSE antenna pushed up your jacksie?

Then at 23.2o we have that other nerd, Bronxville, putting in his Ha'pence worth which leads me to suspect what others have said, that Bronxville and TheShen are one and the same. You could not have two people with such similar mental deficiences without them being one and the same, especially when it would appear they have only half a brain each.

Then at 4.01 this morning we have that other "brain", ps200306, putting in his spoke. Do you suffer from insomnia, ps200306, or did you have to get up to go to the toilet when you posted at four in the morning? You have obviously little to do if you were checking Providence at that hour.

Night urination is a terrible affliction for the elderly. It can be cured or at least mitigated with the proper treatment and with your early retirement due to incapacity I presume it is something along that lines which afflicts you.

Now, let me tell you "dumbheads" why you are all wrong in one word "Corrib", the greatest giveaway written in Irish law that the Irish government could not stop.

I will let you think about that and in a further item I will explain why you should think before you open your big fat mouths and why both Providence and Lansdowne are potentially both worth a lot of money sooner rather than later.

Providence could actually benefit very well if Barryroe is prevented from being developed.

Under the terms of oil exploration in Ireland, all costs to date can be reclaimed against a discovery. Read the licensing terms dated 1992 if you don't believe me.

Hence, if Barryroe is prevented from being developed Providence can claim up to $200m from the Irish government because that is what they have spent to date and was due to be recovered from oil from Barryroe. That is why O'Reilly kept ramping up the costs as he looked for the whopper find in Druid and Drombeg. And remember, they found a reasonable amount of oil in Hook Head which could also be developed.

So, if the government prevented Barryroe from being developed, Providence could be very rich thank you and I am sure Pageant Holdings and LG are well aware of that.

As they say, more than one way to skin a cat or a rabbit for that matter.

Bronxville,

If you don't like the heat, get out of the kitchen. Did the actual facts get up your nose?

And can't you write correct English? In a post to ps200306, I presume, you said "ps200..that's alot of work..fair play.."

What is "alot". Proper English is "a lot". A quick grammar course might not go amiss with you.

Hoisted by your own petard, I am glad to say.

Before I go back to watching and waiting I must respond to your rubbish when you said:

"FYI Manyana..less than 2 years ago you were polluting this forum about all your profitable ventures and you never once mentioned Blinkx.."

First of all, the name Blinkx vanished in 2016, note: "In June 2016, Blinkx plc changed its name to RhythmOne" so I would not have mentioned Blink in your time frame. Then in 2019, Rhythmone merged with Taptica. Then later in 2019, Taptica changed its name to Tremor.

So, you see, I would not have mentioned Blinkx in the last two years other than to reference the famous Blinkx competition when members on iii chose 4 shares, "invested" a virtual £2,500 in each. I chose 4 which were Barratt Holdings, Taylor Wimpey, Providence and Lansdowne. I believe I still am the winner of that competition because Barratt and Taylor Wimpey, house builders, returned over 300% profits to me even though I had to carry the other two dogs.
I still have all of those shares myself, but they are "bottom drawer" and don't need mentioning.

As for Providence and Lansdowne, they are like the parable of the prodigal son. You hate the way they behave but you cannot abandon them and you hope that, one day, they will reform and come out smelling of roses.

Please stick that where the sun never shines and next time I suggest you check your facts.

Now, I will return to reading this stream of idiocy from this BB from time to time until Providence seeks its site survey for site "K" and we see what Ryan does with that. But, in my opinion, Linn hoping to start drilling in 2022 is probably pie in the sky and will probably need Ryan to get run over when he cycles around the streets of Dublin for it to happen.

A few reasons why Ireland is now in a worse off place.

Technically, Ireland has lost the "land bridge" across the UK. Goods to Ireland from the EU will now have to use ferries from the continent. The fact:

"Every year, more than 150,000 trucks transport over 3 million tonnes of freight to and from Ireland to the rest of the single market across the UK “land bridge” – an arrangement that involves Irish trucks using British motorways, mainly M4, M25, M26 and M20 to reach the continent."

So, instead of taking one day to come from EU to Ireland over the "land bridge" it now takes up to three days to come by ferry which is not only slower but more expensive and means fresh goods are no where near as "fresh" when they arrive.

Gas in Ireland comes from Moffat in Scotland and Corrib on roughly a 50/50 basis. But Corrib will be exhausted in about 8 years which means, if Barryroe is not developed, that 100% of Irish gas will have to come from Scotland.

The French-Irish "Celtic Interconnector" is supposed to start in 2022 and finish in 2026 but it is still a talking shop so who is to say it will be on time? And then it will supply power to about 450,000 houses. If Ryan gets his way and Ireland lets in refugees from around the world bringing the population up to 10m, Ireland will need three or four interconnectors.

Ireland has no indigenous oil so 53,000 barrels of oil per day, come from Norway and the UK.

Exports to our nearest neighbour accounted for just 8 per cent of total goods exports in 2020. However, and this is the surprising bit, imports from Britain accounted for 21 per cent of total Irish imports last year.

Is Ireland better off or worse off now that UK has left the EU? Far worse off, in my opinion and if EU plays "silly buggers" with the UK, poor Ireland will be getting it in the ear in revenge as the UK cuts of its vital links to the continent.

You can thank our dozy politicians for this when they ran up billions of debt in the Celtic Tiger and also the payments due to the Covid Recover Fund. Read and weep:

"Payments to the EU’s 750 billion euro (£667bn) Covid ‘Recovery Fund’ announced last month are calculated on the basis of GDP, making Ireland the second largest net contributor per head after fellow tax-haven Luxembourg. "

Shall I go on or is this enough.

Permission would certainly be granted but how long is a piece of string?

After all, in a previous life, O'Reilly was close to getting permission to do a survey when a a**h**le applied for, and was granted, a judicial review which made O'Reilly withdraw the request and had to resubmit a new one which added months to the process.

Ryan could string this out for years.

One thing that might speed up the process is if Ireland's 12.5% interest rates get hit under American and EU legislation. When you consider that Apple, Ireland and the EU are fighting over $15billion that is in escrow as the EU appeals a decision by the European courts that Ireland should pay it to Apple.

If Ireland loses its 12.5% interest rate, it will probably cost the Irish economy. Consider the following:

"Figures from 2017, reproduced recently by the International Monetary Fund, suggest that Ireland’s share of total global foreign direct investment was about 2.5% in that year. That’s hugely disproportionate, given that the Irish economy accounted for just about 0.4% of world gross domestic product in that year."

So, the tax rate creates 6x the value of the rest of the Irish economy. What happens if and when Ireland lose it?

Even Biden, of Irish background, is not playing Father Christmas to Ireland. He just wants the USA's pound of flesh.

Will Ryan still be there thumping his chest when we enter a banana republic? Will he still think that developing Barryroe is a bad idea when, for example, he thinks Ireland can raise €50 billion to retrofit houses with heat pumps, insulation, no fires, riding bicycles, and growing our own spuds and we do not have the money to do it?

He says Ireland can borrow "cheaply" but Ireland is paying off €220billion to the EU for the death of the Celtic Tiger. It would probably like to leave the EU along with the UK but not a chance when it is in hock to that level with the EU. No wonder they kiss the backside of the EU with that hanging over them.

I hear that Cuckoo calling and it needs to be shot. Has anybody got a gun?

If you had the courage to listen to that rubbish Ryan spouted here are two more little nuggets for you to digest.

If you have the stomach, here is Healy Rae, a good Kerry man, and his contra speech. I hope you like his accent.

https://www.youtube.com/watch?v=MHHs7niAe8g

A more reasoned response to why Ryan would be better off in a mental hospital can be heard here. https://vimeo.com/529481941

Interesting point in this speech. Ireland's emissions represent 0.1% of world emissions. So what planet does he come from? Nothing like a bee in your bonnet which cannot stop buzzing.

And you want to blame Spoton for failing to raise the finances for Barryroe when you hear this madman. He is better suited to "One Flew Over The Cuckoo's Nest" than being a member of the Irish Government.

https://vimeo.com/529481941

How many of you live in Ireland? I suspect nearly none. What difference does it make?
Answer: Barryroe is tied into government decisions that would hogtie any deal because of the minister who has to give approval for any progress to be made.

Read again the terms of the agreement with Spoton and you will read:

"• The farm-in is conditional upon SpotOn confirming that a minimum of US$ 166 million in funding (the Agreed Funding), for the Early Development Programme (EDP) is in place and that Irish government approval for the Farmout agreement has been received."

How about that for a "chicken and egg" scenario.

For Spoton to put up the money the "Irish government approval for the Farmout agreement has been received."

Was the government approval received? I think not. When will it be received? Possibly not before 2023. Hence the Spoton capital raise could not take place. But don't expect Linn to tell you that because he has to try and keep those knobheads in the Irish government sweet and as they say, he has to abide with the adage "don't poke a stick in a lions ear".

I believe very little will happen before there is a change of government or until Ryan gets booted out of Department of Communications. Even two days ago he was given a roasting in the Dail as he said he is going to look for further restrictions. Listen to this and laugh. This is one real "Irish joke".

https://www.sundayworld.com/videos/eamon-ryan-heckled-as-he-gives-climate-bill-in-the-dail-to-set-out-road-to-zero-emissions-40342590.html

While this gob****e is in the position he holds and holds it because he keeps the current government in power you can expect him to delay or cancel any request for Providence to progress the development of Barryroe.

But the current government is due a change in December 2022 when Leo Varadkar becomes the new P.M. ( Taoiseach ) and there will be a new government. At present, Martin and Varadkar share the leadership between them for the duration of this government which will end in 2025 because they are in a coalition and they need Ryan's cronies to maintain a majority. Hence, half way is December 2022 when the switchover will take place.

So, trying to run a Barryroe development from outside Ireland while that idiot is the minister controlling its progress is a fate worse than death. At least, now, Linn can pull all the strings he can by his presence in Ireland, and I expect there are plenty in Government, (listen Healy Rae in that clip and you will get the gist) who he can try and get to put pressure on Ryan as you can hear from that Dail debate that he is not actually the flavour of the month.

So I am afraid we are still standing beside Milton who said "We also serve, who only stand and wait". How long we have to wait is anybody's guess.

Yes, Bronxville, I remember you from iii days when you were castigating Blinx of which I was a big supporter. And the Blinkx saga should be a good lesson here when an a...hole like TheShen is making stupid predictions that Providence will end up at 1p.

The current value of Blinkx shares post its renaming to RhythmOne and subsequently to its merger with Tremor now has a value of £6.75 a share. So, Bronxville, what was all your bull***t in aid of back then?

As for TheShen, another fool who thinks he is smart but is an absolute joke. You will do an ooslum bird act in a few weeks when it is pointed out your predictions of 1p are way off the mark.

As one who made a fortune out of Providence having sold these in the past at up to £5 and bought back many more at prices ranging from 1p, I can have a good laugh at idiots like TheShen. We have seen his like before and like others he is like the wind from his rear end; blows for a bit and then vanishes leaving a nasty smell behind. For his information, Providence shares were priced at 1.15p in March 2020 so at today's price you have a nearly 3x return on your money in about a year. Far better than you would get in the bank.

So, I would suggest nobody responds to his stupidity and we wait to see when the shares hit 1p as he predicted. If it does not within, say, a month let us all shove his stupidity where the sun never shines but I suspect by then he will be long gone from here with his tail between his legs.

Well, Bronxville, what price do you now put on Blinkx considering they were about 20p about three years ago?

The removal of Spoton is no loss. At least we are now in clear water with direct access to the members of the consortium.

It is quite possible that Spoton was ditched at the behest of the other members of the consortium when you consider who they are and what they can bring to the table. And, like all companies, the last year has not been any kinder to them in terms of business as anyone else as Covid 19 kicked a hole in the oil market.

The consortium is made up of Spoton Energy, Schlumberger, Aker Solutions, AGR, Maersk Drilling, Keppel FELS, and Aibel.

Schlumberger, alone, could develop Barryroe out of its small change. Its revenues run at about $28billion a year so what is $160m in the light of that. When you add in the other members of the consortium you probably have another $50billion worth of revenues.

And in the last year how many of those have been sitting on their hands because of Covid? After all Maersk Drilling has about 10 rigs sitting idle waiting for work. Idle rigs means lost revenue.
The only real deal it has is one with Tullow in Ghana which is for four years at a cost of $370m.

So, Covid 19 might just be the biggest benefit we get as all these resources sit idle. So, perhaps the other members of the consortium will themselves fund the whole operation for the equivalent slice of the cake that Spoton thought it was going to get.

It is interesting that AGR, one of the consortium, has signed an agreement with dCarbonX (Remember they?) our old buddies O'Reilly, McCoss and O'Sullivan.

"AGR Signs Agreement with dCarbonX to Accelerate GeoEnergy Development and Decarbonisation in Exploration"

At least now we know where we stand and at least Linn said it as it was rather than our previous "leader" who would have spun this into a bigger ball than any spider even the one mentioned which was said to inspire Robert The Bruce.

I have to put in my "spoke" even though it bothers me I have to give this "turd" a kick.

Obviously he hasn't got a clue how the stock market works or he would know that in the UK, on 6th April a new tax year starts with a new ISA tax free allowance of £20,000.

Now, if I am holding Providence shares outside of an ISA, paid say 5p for them and they go to £1.05 after the deal is confirmed, how much UK tax will I pay on them? So, if I have 400,000 of them, and I sell them for £1.05 - I will pay about £100k tax depending on your tax bracket and perhaps more if Sunat has his say and he is going to pay for Covid19 with tax increases which he will probably announce in the Autumn budget.

But if I sell 400,000 Providence shares for 5p this week and buy them into an ISA next week using my new allowance, which is £20,000, and I subsequently sell them for £1.05 I won't pay a penny tax. So, if I do a "sort of" bed and breakfast with them by selling now and then buying post 6th April, I can potentially save myself £100k tax.

I have done this with my Providence for a number of years where taking the lowest priced share now and converting them to an ISA I have saved a fortune in CGT. So what's new?

And because I live in Ireland, the Irish Revenue will credit my UK CGT by taxes on foreign ISAs which means, since my ISA has no tax, I do not pay tax on it in Ireland either where the tax year runs on an annual basis of 1st Jan to 31 December. In fact, in one year I paid over €40,000 on share sales which goes to show how high and how low shares have been. After all, at one point Providence shares were worth over £5.

So, I either have to buy new shares or I have to sell old ones but I cannot buy before 6th April to put them into the new tax year ISA. No brainer. This "selling" is the usual sell off before tax year end prior to an ISA buy and now is a great time to do it when the price is so low, especially if the deal is announced at or before the end of April.

So, what is the panic? Perhaps this "turd" has never actually had shares or ever made any money from them and from one who spent two years fighting the Irish and English Revenues, and winning, I can point out to him share trading is far more complex than kicking over the "turds" he seems to have a fixated about which just goes to show what a "turd" he, himself, actually is.

So now back to sleep until we hear Yay or Nay about the deal.

I am find and well, thank you.

But after latest announcement that funding for Barryroe is once more up in the air, I have decided there is no point in this discussion until funding is confirmed.

Linn says SpotOn have until the end of April and having lived through the trauma of Sequa and APEC there is no point in discussing Barryroe unit the deal is "Yay or Nay".

The article in the Times is encouraging even though it tells us nothing new.

So, until we hear confirmation of the funding, I will live by the motto "Si tacuisses, philosophus mansisses". If our previous "guru" had lived by that motto, how much better off we would all be.

Unfortunately John B died many years ago in 2002 His pub is very much the centre of the Listowel cultural world where his spirit lives on. The pub is now owned and run by his son Billy. His nephew is the well known BBC commentator Fergal Keane.

Here is a video of John B on the Late Late Show many years ago with the late lamented Gay Byrne. There are follow on videos which are just as entertaining.

https://www.youtube.com/watch?v=j14YLOhkQUk

https://en.wikipedia.org/wiki/John_B._Keane

Another fairy story from the Sunday Business Post.

Years ago the advice to CEOs was "don't get your photo on either Phoenix or SBP as its an omen you are either you are going to go bust or you are going to be fired.

Mergers are made up of entities of equal standing. What has Spoton got to put for its 50%? About $100m in bonds. But bonds are just borrowings and have to be paid back so Spoton have absolutely no value other than as a facilitator for a number of members of a consortium.

That would not be a merger. It would be a robbery.

Further to my issue recently of the precarious position with Irish electricity here is an article from today's Irish Times which says the power station at Whitegate is out of action probably to the end of June and electricity usage is on the edge.

I could be using my generator sooner rather than later. According to the song you can buy one at Aldi or Lidl just in case "the lights go off. Listen and laugh:

https://www.bing.com/videos/search?q=song+aldi+and+lidl&docid=608038787102933311&mid=F1C600BC994359642C78F1C600BC994359642C78&view=detail&FORM=VIRE

Further to my comment that Ryan's ministerial expectancy will probably end on 1st December 2022 and the comment that it is a long time to then I decided I prefer to read the best column in the Irish Examiner each Thursday/Friday which puts the Cork world to rights and makes more sense than most of the rubbish on here.

This week's episode mentions December 1st 2022 in the last item. Read it and have a good laugh, especially if you don't come from Cork where they love visitors but beware if you ever wanted to live there. 30 years or more probation before you will be accepted as a "native".

Here is "Ask Audrey". "She" would give Ryan and Brid a run for their money.

https://www.irishexaminer.com/lifestyle/relationships/arid-40220477.html