Member Info for Phoebus

Exactly. News could come any time and MMs know folks will want in. LOGP has just crashed on tiny volume, but can you buy any shares at 1.35p? No. None available.

on quote and deal.

;)

Not so fast. Folks are just cautious as no RNS this morning. Doesn't mean one isn't coming. MMs can drop the price in that situation to reload after yesterday's squeeze. Are you sure you will be able to buy back if you sell out? It was very hard to buy yesterday. I will sit with a low average and wait. At any moment the buyers could flood back in again and this would rocket.

ECONOMICS VERY LOW TAX REGIME � Ireland has one of the world's lowest tax regimes for oil and gas exploration meaning more profit. SHALLOW OFFSHORE � The field is in shallow water meaning less expensive rigs. UNDER AN EXISTING FIELD AND ASSOCIATED INFRASTRUCTURE � The field is directly underneath the Seven Heads Gas Field, which is producing. As a result, there is already some infrastructure in place both at the field and onshore, meaning development costs will be mitigated. NEAR TO SHORE � At only 30 miles offshore the field is relatively close to land compared with many North Sea fields, which again means lower development costs. HIGHLY PRODUCTIVE WELLS � The field is highly productive. Following on from drill results, it was forecast that a 1,000 ft horizontal well could deliver 12,500 B/D plus 11 MMSCF/D totalling 14,300 BOE/D, and that 41 such wells could be used. Obviously they will come on stream in batches, but this does indicate a very high aggregate peak production rate for the field. Read huge revenues.

For newbies and those of us that have taken too much Tramadol or just forgotten, here�s a recap of why Barryroe is such a great asset. I posted the research a long time ago so a few details may have changed a bit, but it should be of interest. My non-standard abbreviations are MB (million barrels), MBOE (million barrels of oil equivalent), B/D (barrels per day), BB (billion barrels). MAIN RESOURCE 345 MBOE 2C RECOVERABLE IN BARRYROE MIDDLE WEALDEN & BARRYROE BASAL WEALDEN � These two main intervals in the Barryroe field contain 311 MB of oil and 34.5 MBOE of gas. BIGGER THAN BENTLEY FIELD � For comparison Xcite Energy's huge Bentley Field only has 265 MB of recoverable reserves. BIGGER THAN THE TOTAL OIL RESERVES OF ALL BUT 4 EU COUNTRIES � Only 4 countries have oil reserves greater than this � Italy 477 MB, Romania 600 MB, Denmark 1.16 BB and the UK 2.86 BB. 20 EU states combined have less than 345 MB of oil reserves. MORE REMAINING RECOVERABLE OIL THAN ALL BUT 4 ONSTREAM UK NORTH SEA FIELDS � Subtracting recovered reserves from ultimately recoverable reserves for online fields in the UK North Sea only the following have more oil left to extract than the two main intervals at Barryroe � Claire 3.0 BB, Hudson 770 MB, Gryphon 757 MB and Teal South 436 MB. ADDITIONAL RESOURCES 416 MB P50 PROSPECTIVE RESOURCES IN BARRYROE LOWER WEALDEN � This interval has already been drilled more than once. Well 48/23-1 logged about 120 ft of stacked hydrocarbon bearing sands with average porosities of 16% and hydrocarbon saturations of 70%. A failed well test in 1976 appears to be due to mechanical failure. The probability of this interval being converted to 2C looks very good. 362 MB P50 PROSPECTIVE RESOURCES IN BARRYROE PURBECKIAN � Well 48/23-1 encountered a 70 ft hydrocarbon bearing sand, but did not test it. Potential looks good here too. FURTHER PROSPECTIVITY IDENTIFIED IN BARRYROE DEEPER JURASSIC � The Barryroe closure persists to the Base Cretaceous and overpressured shales of the Purbeckian should provide an effective seal. No resource estimates have been made as yet. LICENCE AREA SIGNIFICANTLY EXTENDED SINCE LAST CPR TO INCLUDE FIELD EXTENSIONS � The licence has been increased 180km2 to include areas that appear to contain field extensions to the south and south-east with potential significant volumetric upside.

ECONOMICS VERY LOW TAX REGIME � Ireland has one of the world's lowest tax regimes for oil and gas exploration meaning more profit. SHALLOW OFFSHORE � The field is in shallow water meaning less expensive rigs. UNDER AN EXISTING FIELD AND ASSOCIATED INFRASTRUCTURE � The field is directly underneath the Seven Heads Gas Field, which is producing. As a result, there is already some infrastructure in place both at the field and onshore, meaning development costs will be mitigated. NEAR TO SHORE � At only 30 miles offshore the field is relatively close to land compared with many North Sea fields, which again means lower development costs. HIGHLY PRODUCTIVE WELLS � The field is highly productive. Following on from drill results, it was forecast that a 1,000 ft horizontal well could deliver 12,500 B/D plus 11 MMSCF/D totalling 14,300 BOE/D, and that 41 such wells could be used. Obviously they will come on stream in batches, but this does indicate a very high aggregate peak production rate for the field. Read huge revenues.

For newbies and those of us that have taken too much Tramadol or just forgotten, here�s a recap of why Barryroe is such a great asset. I posted the research a long time ago so a few details may have changed a bit, but it should be of interest. My non-standard abbreviations are MB (million barrels), MBOE (million barrels of oil equivalent), B/D (barrels per day), BB (billion barrels). MAIN RESOURCE 345 MBOE 2C RECOVERABLE IN BARRYROE MIDDLE WEALDEN & BARRYROE BASAL WEALDEN � These two main intervals in the Barryroe field contain 311 MB of oil and 34.5 MBOE of gas. BIGGER THAN BENTLEY FIELD � For comparison Xcite Energy's huge Bentley Field only has 265 MB of recoverable reserves. BIGGER THAN THE TOTAL OIL RESERVES OF ALL BUT 4 EU COUNTRIES � Only 4 countries have oil reserves greater than this � Italy 477 MB, Romania 600 MB, Denmark 1.16 BB and the UK 2.86 BB. 20 EU states combined have less than 345 MB of oil reserves. MORE REMAINING RECOVERABLE OIL THAN ALL BUT 4 ONSTREAM UK NORTH SEA FIELDS � Subtracting recovered reserves from ultimately recoverable reserves for online fields in the UK North Sea only the following have more oil left to extract than the two main intervals at Barryroe � Claire 3.0 BB, Hudson 770 MB, Gryphon 757 MB and Teal South 436 MB. ADDITIONAL RESOURCES 416 MB P50 PROSPECTIVE RESOURCES IN BARRYROE LOWER WEALDEN � This interval has already been drilled more than once. Well 48/23-1 logged about 120 ft of stacked hydrocarbon bearing sands with average porosities of 16% and hydrocarbon saturations of 70%. A failed well test in 1976 appears to be due to mechanical failure. The probability of this interval being converted to 2C looks very good. 362 MB P50 PROSPECTIVE RESOURCES IN BARRYROE PURBECKIAN � Well 48/23-1 encountered a 70 ft hydrocarbon bearing sand, but did not test it. Potential looks good here too. FURTHER PROSPECTIVITY IDENTIFIED IN BARRYROE DEEPER JURASSIC � The Barryroe closure persists to the Base Cretaceous and overpressured shales of the Purbeckian should provide an effective seal. No resource estimates have been made as yet. LICENCE AREA SIGNIFICANTLY EXTENDED SINCE LAST CPR TO INCLUDE FIELD EXTENSIONS � The licence has been increased 180km2 to include areas that appear to contain field extensions to the south and south-east with potential significant volumetric upside.

My thoughts too. It would be such major news that I can see a sustained build up.

And rememeber it was almost impossible to buy using quote and deal during most of yesterday's rise. Even my tiny limit orders took time to fill. I think Gli just hopes the price drops to get in and who can blame him. 80% of Barryroe is worth a lot more than the current market cap.

11:40p - 11.75p

profits, which is not surprising, but I'm staying put. Smells like a farm out deal about to be announced. GLA

to get ANY shares on quote and deal. Very unusual and a great sign. GLA

TOR putting down the Factor 5 and getting off his sunbed? Must be something important.

And I can sell �10K at full ASK!

I STILL can't buy even �1K on quote and deal. MMs seem very short of shares.

Price monitoring extension. LOL

Plenty of trades this morning and only one looks like a sell. Excellent.

I think they'll find it hard to walk these down any further. Clearly plenty of folks waiting to add as soon as SP dips. It's not surprising.

�2M to �1,200M or thereabouts in 3 years!