highlander1970
21 Apr 2015
Re: Topped up took out my top up from the other day (bought at 4.6) and deployed elsewhere to try to increase the capital to come back in here.Let's see if I can time things right if all goes to plan.If not I hope we get a stonking takeover/farm in or whatever is going on behind the scenesGLAH
sobeit
21 Apr 2015
Re: MBO? I don't think this is an MBO but a statement of position or interest by those who will deal with a potential purchaser.Whilst Lampe has about 28% of the equity, the rest, between them have minute levels.It looks to me like they have a potential deal on the table and are positioning themselves to make a killing when it happens.What is interesting is that all of these did a placing a few weeks ago on 10th March at 5p increasing their holdings quite substantially.Check out the placings at:[link] that increased the shares but also brought the revenue into the company. For example, Lampe increased his holding by nearly 9m shares at 5p costing him £450,000. Now consider what he makes if the company is sold at even 20p a share.So, it looks like they are negotiating to do a deal to sell the company but not to themselves but to somebody else, Sapinda (Sequa) with Barryroe as the "piece de resistance", perhaps.
david polson
21 Apr 2015
Re: MBO? It looks that way.... Are we minnows at risk of being taken out at a fraction of what we bought in at... by the very people who we are to entrust our shares with... who know the lay of the land... and sing silent while the price has been dropping beyond what might be considered reasonable?
highlander1970
21 Apr 2015
MBO? this looks like an MBO to me.The offeree being Landsdowne and the offeror being our management team.Or am I reading this form wrong?GLAH[link]
kevyd33
20 Apr 2015
Re: "Party to an offer" disclosure I hope this turns out to be great news and the share price shoots up ....... by a penny or so tomorrow!So much promise when I bought in but sad sad demise........almost given up hope!KD££
Spuddy
11 Apr 2015
Providence-Landsdowne-Fastnet Providence-Fastnet-landsdowne merger I believe these three companies Will merge. Carol Law CEO and TOR Commercial Director. Fastnet Will get 1:9 shares i.e circa 37m shares and Landsdowne Will get 1:5 i.e circa 32m shares to give circa 210m shares in New Providence. This Company could following Petronas middleton drill choose to drill deep Kinsale, Barryroe and Amergin. Positive results following midddleton drill could help finance these drills. If all went Well
Spuddy
09 Apr 2015
LOGP Merger or Sale Believe that Barryroe Farmout will go ahead and that the possible sale or merger of Landsdowne is likely part of the process. The likely buyers of Landsdowne Oil and Gas are 1: Fastnet (This would be a merger) 2: Cairn Energy (Also a Scottish outfit). 3: Sequa (As part of Barryroe Deal) 4: Petronas Believe Fastnet under Carol Law can see the synergies between them and LOGP. After a merger the two would have a very commanding position in Celtic Sea. A merger followed by a farm out on Barryroe would give the company some cash to thereafter drill deep Kinsale and possibly Amergin. If middleton gas field is successful with PETRONAS you might see Petronas or and American Major expressing interest in the combined LOGP / Fastnet Operation. This would be enhanced if a drill at Amergin or Deep Kinsale comes up a success. Cairn Energy also a very likely suitor. Cairn could buy LOGP for lets say 80 Euros by issuing approx. 30m shares. Thereafter could give some up front cash payment to Providence for a Farm in to more of Barryroe. This cash could then be used by Providence to drill Spanish Point with Cairn. Providence could pass additional % holding of SP to Cairn before drilling there. Cairn need to add to its reserves. An easy way and a very high chance of success for them would be to take the path mentioned. Watch this space. Finally Sequa and Petronas must be in the picture as well
Spuddy
09 Apr 2015
LOGP Merger or Sale Believe that Barryroe Farmout will go ahead and that the possible sale or merger of Landsdowne is likely part of the process. The likely buyers of Landsdowne Oil and Gas are 1: Fastnet (This would be a merger) 2: Cairn Energy (Also a Scottish outfit). 3: Sequa (As part of Barryroe Deal) 4: Petronas Believe Fastnet under Carol Law can see the synergies between them and LOGP. After a merger the two would have a very commanding position in Celtic Sea. A merger followed by a farm out on Barryroe would give the company some cash to thereafter drill deep Kinsale and possibly Amergin. If middleton gas field is successful with PETRONAS you might see Petronas or and American Major expressing interest in the combined LOGP / Fastnet Operation. This would be enhanced if a drill at Amergin or Deep Kinsale comes up a success. Cairn Energy also a very likely suitor. Cairn could buy LOGP for lets say 80 Euros by issuing approx. 30m shares. Thereafter could give some up front cash payment to Providence for a Farm in to more of Barryroe. This cash could then be used by Providence to drill Spanish Point with Cairn. Providence could pass additional % holding of SP to Cairn before drilling there. Cairn need to add to its reserves. An easy way and a very high chance of success for them would be to take the path mentioned. Watch this space. Finally Sequa and Petronas must be in the picture as well
Spuddy
10 Mar 2015
Placement and loan note Good News as it shows confidence in Landsdowne
Spuddy
10 Mar 2015
Landsdowne Placement and loan note Firm placing of 20.75 million new ordinary shares at 5p per share and issue of loan note for total fund raising of £2.9 million * Proceeds of placing and loan note are to be used to meet company's existing liabilities and working capital requirements to end of 2015 * Proposes to raise gross proceeds of £1,037,682 before costs through issue of placing
alphabravo321
12 Jan 2015
Shares my rise as well as fall...
alphabravo321
14 Dec 2014
SEQUA PETROLEUM, a publicly listed specialist oil finance company, is poised to take a stake in Providence Resources’ Barryroe field off the south coast — the most advanced oil exploration project in Irish waters. Neither company would comment this weekend on the proposed farm-in deal. Speculation rose last week when a new company, Sequa Petroleum (Barryroe), was registered in the Companies Registration Office. The new company has listed its place of business in Ireland as “c/o Providence Resourcesâ€. One source said the company was still talking to “a number of interested partiesâ€. Sequa Petroleum is a subsidiary of Sapinda Holding, an investment company established by German business prodigy Lars Windhorst. Sapinda Holding is reported to have invested €2bn since it was established in 2009, with oil and gas assets taking up a large proportion of those investments. According to the Sequa Petroleum (Barryroe) memorandum of association, the company goal is “to exploit natural resources of every nature including oil and petroleumâ€. The company’s website states that it specialises in completing farm-in deals of between $100m and $500m (€80m-€400m) to bring assets up to first production. Sequa Petroleum’s participation in Barryroe is likely to help fund the drilling of further appraisal wells that are needed before the Celtic Sea field is taken to production stage. Tony O’Reilly Jr, the Providence chief executive, told investors in September that negotiations “are now at an advanced stage and we are working hard to satisfactorily conclude this with the objective to return cash to the business and obtain capital funding, while also ensuring that Providence retains a material stake in Barryroeâ€. The negotiations will not have been helped by a plummeting oil price that has dented the stock market valuation of exploration companies. Sequa Petroleum has a market capitalisation of €608m. According to a presentation on its website last month, the company is pursuing significant farm- ins and joint ventures in northwest Europe. It has identified an undervalued asset, built a relationship with a local partner and is qualifying as an operator
linkoping
14 Dec 2014
Re: LOGP Stream Log Well stated.. [link] Strong buy
Noddy
19 Nov 2014
Sad response to that RNS. 1 minute spike or thereabouts. I'm out.
