Member Info for Phoebus

Indeed. Sold mine at 2.22p just before the close. Crazy fools.

Can't see it being below 1p if they do fund. Same price as last 2. Tried to buy on the last one but couldn't get materially below 1.2p to buy.

Sounds a good idea, especially given shallow water depth and that rig rates are so low. Would unlock a huge amount of value here.

I see JOG is now valued at £21M, which is £1 per net recoverable barrel for it's undrilled Verbier prospect which has a 26% COS. At the same valuation LOGP should be at 14p based on its 2C. Verbier has a 26% COS, so valuation per risked recoverable barrel is £3.8 per barrel. Assuming Barryroe COS is 80%, the same risked valuation for LOGP based on its 2C is 43p per share as things currently stand. If we then add the Lower Wealden and Purbeckian at 40% COS, w get another 46.4p per share. So if LOGP was valued at the same level as JOG it should aready be at 100p per share. Either LOGP is monumentally undervalued or JOG is very overvalued, or both. What a farce.

Give us yer shares. Lots of buys and only one sell in first 45 minutes and no uptick. A few sells and SP drops and then plunges on no trades. PVR meanwhile moves up and looks about to break out. MMs after those shares again. Hilarious.

https://s15.postimg.org/snwld10tn/PVR_Chart.jpg

And factor in those other two drilled intervals with hydrocarbon present and you get 3p or 3.75 cents per barrel. x50 to x80 upside to those industry standard figures you quote.

Cheers. The research was done a LONG time ago. Agree it's important to keep the newbies informed. Most folks have no idea how monumentally undervaled this is or are too busy chasing hot air like MATD. Best of luck.

The 245 MMBOE Barryroe 2C figure is based only on the Middle and Basal Wealden. There is an additional 416 MMBOE P50 in the Lower Wealden and 362 MMBOE P50 in the Purbeckian which are all stacked targets. The Lower Wealden has already been drilled more than once including well 48/23-1 which logged about 120 ft of stacked hydrocarbon bearing sands with average porosities of 16% and hydrocarbon saturations of 70%. The Pubeckian was drilled by well 48/23-1 which encountered a 70 ft hydrocarbon bearing sand, but did not test it. So across these four horizons LOGP could be looking at 224.6 MMBOE net recoverable! Note, there is even more upside in the deeper Jurassic and the licence area has been increased since the last CPR to include areas that appear to contain field extensions to the south and south-east with potential significant volumetric upside. Even ignoring the Jurassic and licence area increase, a measly £1 per recoverable barrel values LOGP at 44p or a 33 fold increase in SP. Taking account of the dilution last summer the all time high market cap for LOGP, which was reached during the last Barryroe appraisal campaign, is equivalent to over 40p per share. The upside here really is epic. BUY ADD HOLD RETIRE / GLA

appears to be telling telling porkies at the moment on Digital Look showing 1.25p-1.35p. Two other sources now showing 1.25p-1.45p. Trying to hide the rise?

LOGP has 69.2 million barrels recoverable at Barryroe and is valued at £6.5M. MATD has nowt and is valued at £85M. Go figure. LOGP should 10 bag easily from these levels.

EB, you know what I think this is? I think the RNS is the last spike down in the share price before it absolutely roars. Seen this tactic time and again. Create a spike low on something ostensibly negative and then bounce the SP. Peeps see the RNS and watch the price bounce but only see the 'bad' news and so don't buy, meanwile the SP roars away and folks are left high and dry.

know Middleton was dead? Surely this is a good thing. Cuts expenses and allows company to focus on BR, which is worth a fortune to the company.

I'm thinking 5p to 10p is more appropriate for this one. Truly massive upside here.

Indeed Pigeons, just smashed through the November 2016 high. Should see major follow through here very soon. GLA

Thanks.

Can't find information relating to why Z34 is in force majeure. Can anyone shed any light and what are the steps to get this removed? Cheers.

Thanks for the response. I see there has been an initial step in softening US sanctions on Russia today. http://www.zerohedge.com/news/2017-02-02/us-eases-sanctions-against-russian-federal-security-service

I'm perplexed too. Had a look at the RNS history a few weeks ago to try and figure out what the catalyst for the rise must be. It can't just be the increase in crude as this SP was lower when Brent was over $100. So why on earth is it going up so much? Figured folks are just jumping on it because it's an oil stock without looking at its history. Been one of the most boring oil stocks operationally for many years IMO. Produce and store some oil which someone collects occasionally interspersed with the odd annual report. Thoughts?

Exactly Degsy. Smells like a fishing trip.