Member Info for wraith

That's just what I'm doing, Kilkeelrambler,....... only have a small shareholding here at present, patiently waiting full drill results.

BW

Yep,..Tullow spuds Cormorant well offshore Namibia, dated 11/09/2018;-

https://www.offshore-mag.com/articles/2018/09/tullow-spuds-cormorant-well-offshore-namibia.html

Page 3 of this link, shows position of our New Block 2011A;-

https://www.asx.com.au/asxpdf/20180919/pdf/43yfvnwsxdbv9f.pdf

BW

Yes Jimarillo,...... I thought they may be testing samples.

BW

patrickd369,.....The last placing RNS, was dated 6 April 2018, see RNS link below;-

The proceeds of the Placing are to be used to:

· meet the Company's share of Barryroe costs through to closing of the Farm-out in Q3 2018

· fund the Company's on-going working capital requirements until mid-2019.

Source, RNS link : https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/LOGP/13594226.html

BW

thepatman,....In the 28 March 2018, RNS link below, you can find this comment;-

Commenting on the news, Lansdowne CEO Steve Boldy said:

"We are delighted to have agreed the Farm-Out of Barryroe to APEC with the associated multi-well programme. The Chinese Consortium brings a wealth of technical and operational expertise and experience and we look forward to finalising the details of the drilling programme that is expected to move the project forward to development. Upon closing, Lansdowne will retain a net 34.5MMboe of contingent resources (2C) for its 10% ownership of Barryroe, with significant additional upside in terms of further exploration potential. The third party funded Drilling Programme will look to convert a sizeable amount of these resources in to proven and probable (2P) reserves ahead of subsequent development and production. With a current market cap of just US$10M, Lansdowne's valuation equates to less than US$0.3 per contingent barrel for its 10% ownership."

Source link : https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/LOGP/13584144.html

The Market Cap was US$10M (£7.52m), when comment made,.... giving a value of, less than US$0.3 per contingent barrel.

Present Market Cap of £11.17m = a value of, less than US$0.45 per contingent barrel,....by my calculations.

BW

Don't have a crystal ball razel2000,....what I will be looking for,.....is for the s/p, to become more stabilized, within the rising trend channel.

BW

I increased my LOGP shareholding last (Friday 14/09/2018) Humbogumbo, by 31.6% at s/p@1.44p & very comfortable with that action,......Excellent news today.

BW

I'm a fundamentalist, deepjoy, not a chartist,.....my limited, understanding of the chart, is;-

PRD is in a rising trend channel, the top of channel about s/p@8p to 8.5p, with the bottom of the channel about s/p@6.5p (from memory), which is why I was tempted to Buy sub s/p@7p today.

BW

Aim, can leave one feeling, frustrated / exasperated, at times Tacuma,.....your thread heading, is very apt.

BW

I'm still holding, here at EOG, waiting,.....Patience, I have, in abundance.

Tune : https://youtu.be/273eSvOwpKk

BW

Been sitting here waiting, with a small shareholding myself, Peer_is_amazing,....looks like I should have increased.

BW

That's what I said, to my wife earlier today, ART123,....that, I was expecting a sharp rise, on this very good news,..... then on reflection, came to the view, that a steady re-rate, is much better, than a short term spike,...my better half agreed.

BW

Yes, looking at the time & trades either side of it,....that late reported 1,000,000 Sell, reads as a Buy to myself also.

BW

Got my teeth, firmly sunk into Predator, razel2000,......the risk/reward, has myself holding, for the full journey, to 2022.

Very cautious with my Buying, when s/p falling,....was tempted to Buy another tranche sub s/p@7p, but refrained,.....will probably have to pay more, for next tranche of PRD, when I do Buy,.....don't mind that, as the size of my next tranche, will only be a small %, of the Core PRD shareholding, that I am building here, therefore will not have a great impact, on my PRD average Gross s/p Buy level.

BW

For clarity;-

5. Date on which the threshold was crossed or reached : 20/09/18.

BW

Hi savvos, welcome aboard.

BW

Yep, they have increased today (TR-1 dated 20/09/18) ;-

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/LOGP/13798736.html

BW

Been waiting around 2 Years myself (bought back into PVR 2016) Bronxville,...very happy with this news, not long to wait now, for Barryroe,...... DRILLING PROGRAMME OF 5 FIRM WELLS AND 2 OPTION WELLS SET TO COMMENCE IN 2019.
Source : https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/PVR/13797485.html

BW

Yes, that does not detract from the fact, this is excellent news mannnan,....as the PVR RNS states "BINDING BARRYROE FARM-OUT AGREEMENT SIGNED " ( https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/PVR/13797485.html ),...well done PVR.

The market will reflect True Value here, in due course (imo).

BW

Yep, excellent news;-

Barryroe Farm-Out signed

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/LOGP/13797938.html

BW