Member Info for wraith

Poster on ADVFN board, is talking about an article in the Sunday Business Post,.... can't get the article myself (not a member), sounds promising,... now PVR in strong Cash position, this will drive Barryroe deal to conclusion, expecting to drill next year, is how I read it. BW

I share your belief,... PVR come across very strongly in past interviews, that there is "nothing wrong with Barryroe". BW

Mentioning the two Tullow industry heavy-hitters, that have joined PVR,..... I have not seen anything mentioned on the T5 IPO since this March 5 2017 article: http://www.independent.ie/business/irish/t5-oil-gas-to-launch-ipo-in-drive-to-build-1bn-company-35502651.html . Excellent news from PVR today, was not expecting the Avalon interest, before Druid/Drombeg drill results,.....would not be surprised to see Newgrange Farmed Out next,..... I still believe a Barryroe Farm Out / or commercial deal, will come, at some point in 2017, PVR in much stronger financial position now, as you point. BW

I'm happy to carry on Holding/Buying BOR,.... in agreement with their view on Farm Outs, which they express in their 2016 Annual Report (page five);- "The fall in oil price has had a significant impact on our ability to secure partners and funding for the next phase of operations. In the last couple of years, deep water projects have received less attention, as the industry has switched towards onshore low cost unconventional plays. However, deep water project costs have been reducing and the attention is now returning. Our break-even oil price is certainly competitive against global pre-sanction projects. Therefore, we are confident that our attractive economics, combined with our outstanding sub-surface case, will attract the necessary investment to progress Darwin through to development. Engagement with interested companies continues." Source: http://www.bordersandsouthern.com/media/pdf/2016%20Annual%20Report.pdf http://www.bordersandsouthern.com/investor-relations/reports-presentations/ BW

Welcome aboard,...I also believe Barryroe farmout will happen, when looking at what PVR say in their 2016 Annual Results ( PVR RNS, dated 12th Apr 2017, sourced on these boards). "In the North Celtic Sea Basin, the further appraisal and potential development of Barryroe remains another key objective for Providence. With this in mind, we are commencing various pre-permitting activities in anticipation of future drilling". BW

The continuing delay is becoming tiresome for myself,...I'm not going anywhere though, having only just bought back in earlier this year, at a Market Cap of £6.49m approx (with my current gross s/p@1.272p average),...when looking at what I got for my money, at that Market Cap level;- Lansdowne holds acreage in the shallow-water North Celtic Sea Basin, including a 20% stake in Exploration Licence SEL1/11 which contains the Barryroe oil field, where Oil tested is a light 43 degree API, with a high wax content ranging c.17% Lansdowne’s share of 2C recoverable resources in Barryroe is 69 MMBOE Following integration of the successful appraisal well results the updated Oil In Place P50 Resource estimate by the Operator for Barryroe is 1,043 mmbbls. Then looking at today's Market Cap of £5.48m valuation for the above asset, with a Barryroe Farm Out that could materialize at some time in 2017!!! (Crazy Valuation (imo), simply Crazy). Surely, all the bad news, must be more than reflected in such a ludicrously low Market Cap of £5.48m!!!, with the Barryroe delayed farmout, combined with the 24 March 2017 RNS delivering this blow to the Market Cap;- Lansdowne Oil & Gas plc ("Lansdowne" or "the Company") has today been notified by KPMG LLP, the appointed administrators to SeaEnergy PLC that they have disposed of SeaEnergy's entire holding of 30,194,193 shares, representing 5.92% of the outstanding shares in the Company, through a number of on market transactions. Hear to stay myself, until that long overdue, Barryroe Farm Out materializes. BW

It should be, with it's stake in Barryroe,... assuming the Barryroe farmout eventually materializes. In my view, Opec/Saudi Arabia & Russia, will achieve their goal. API Reports Biggest Crude Draw This Year;- http://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Spike-After-API-Reports-Biggest-Crude-Draw-This-Year.html BW

I like the sound of;- "2: Another FO of Druid / Drombeg very possible before Spud date. This to give us a free carry on drill for approx: 30% of The prospect." Thanks for posting feedback. BW

Good to get the AGM (PVR) feedback on Barryroe, from those who attended,.... the way compartmentalization rumours, were reportedly addressed, make LOGP an even stronger hold for myself, (I'm still holding 100% of my position in LOGP at present, with a current shareholding gross average, sub s/p@1.273p). BW

PMO are targeting 2018, to sanction the development of Sealion. Trading, Operations and Refinancing Update 15 May 2017;- "In the Falklands, the focus remains on negotiating funding packages for the project and engagement with the Falkland Islands government around commercial and regulatory approvals with a view to being in a position to sanction the development in 2018". Source: http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/PMO/13224777.html Holding BOR & RKH myself, see huge upside potential, for an s/p re-rate of both,... over medium to long term. BW

Market Cap of £5.48m, is already looking very cheap, if indeed "there is nothing wrong with Barryroe", as we have been guided to believe,......having come through a very difficult period of time, for achieving Farm Outs, PVR have achieved one on Druid, & I find recent guidance on Barryroe, encouraging. BW

I think we need a little Divine Intervention here, resurrection,(Barryroe love). Tune(Love Resurrection); https://youtu.be/o2n-blwYJ4s BW

I'm a patient man, so I continue to hold,.... I seem to remember something along the lines - "the market is heavily pregnant, with expectation of a Barryroe Farmout" - being said,... I would say the patients (Barryroe), is well overdue now! tune, whilst we wait said news : https://youtu.be/Tosky-ZNbRw another tune springs to mind also: https://youtu.be/Xr9Oubxw1gA BW

In the PVR Chairman's & Chief Executive's Statement, regarding the "Barryroe Farm Out Process",.... sounds encouraging. http://www.providenceresources.com/ (2016 ANNUAL REPORT, page 7). "The collapse in M&A activity, combined with the Company’s balance sheet constraints in the first half of 2016 made progress in completing a Barryroe farm in very challenging. However, following the recapitalisation of Providence in July 2016 and with some recovery in the oil price, farm in activity has increased. This has facilitated the Company in pursuing new commercial opportunities which are ongoing. It is an important objective of Providence to advance the appraisal and development of this important asset. With this in mind, the Company is commencing various pre-permitting activities in anticipation of future drilling". BW

JH77,.. where he says,.. " In the North Celtic Sea Basin, the further appraisal and potential development of Barryroe remains another key objective for Providence. With this in mind, we are commencing various pre-permitting activities in anticipation of future drilling",.. also,.. " Whilst we are not in a position to confirm any further details at this time, we are working diligently to successfully conclude matters". Not quite there with Barryroe Farm Out yet, but close to concluding a deal, is how I read it. BW

JH77,,, yes, I am already a LOGP shareholder,...my post would have been clearer had I phrased it thus,.. "I joined you today swizz, also Buying, taking a market size top up myself (sub s/p@1.25p), topping up my current LOGP shareholding",.. I can see how my wording may have been misunderstand. BW

I agree with the11 July 2016 Brandon Hill report, where they express the view (on page 2);- Investment case (Significant upside potential) "With Lansdowne trading at just 0.12x total NAV, it is clear that the market is taking a far more pessimistic view, providing a very significant upside potential if an agreement is reached. Failure to secure a suitable partner would most likely see the JV funding an appraisal well, which, while dilutive, would at least progress the project to the development phase and address any technical concerns that have prevented a deal to date. In either scenario, we believe, Lansdowne would be well placed to add shareholder value and offers an attractive investment proposition at the current share price." Market Cap £5.5m stated in the11 July 2016 Brandon Hill report, was not much lower than today's Market Cap £6.38m. After giving the above further consideration, I joined you today, taking a market size top up myself (sub s/p@1.25p). Source: http://www.lansdowneoilandgas.com/wp-content/uploads/2016/07/160711-Brandon-Hill-Lansdowne-report.pdf BW

At the very least this month, we should get an update on Barryroe;- https://audioboom.com/posts/5687405-tony-o-reilly-ceo-of-providence-resources-pvr-8th-march-2017 BW

mariog,...I would be surprised, if Richard Shead, was not keeping an eye on this board. He has had an inside seat, as to what has gone on here at OXUS, & was probably more shocked than any of us, with the current arbitration outcome. BW

As members we can see more of the trades, than non-members looking at the board can see,.... a non-member would not be able to see, the information I posted in my last post, when looking at this board,.... it is a good point you make, & your welcome to my reading of the trade. BW