senn1965
10 Jan 2018
Re: farm Welll don't bet the farm Atlantic someone sold 113k worth of stock @1.46 yesterday mms just flipping a fewAlso not to keen on these exclusive type periods if it was a done deal you would not need more time BewareSenn
jimmy24
10 Jan 2018
Re: farm Hi Atlantic.What they announced was.1. Commercial terms agreed2. Well locations for next wells agreed.3, period of exclusivity to complete the deal.To me this looks like they need time to complete the legal documentation which will detail the transaction.Welcome your thoughtsJ
atlanticshore
10 Jan 2018
Re: farm Did they announce this Jimmy?I thought they had entered into an exclusivity agreement as regards the negotiation of a possible farm out deal ?I am not writing this to contradict you Jimmy rather I write to seek clarification ..... perhaps you could correct me if I am wrong ... as if they have a farm out agreement subject to "legal documentation" ........ (presumably this would mean "permission from the relevant authorities"? or if not what legal documentation do you think this refers to?) .... this would indeed make the share more interesting than I view it at present ... like Caraldo I too have been here too long and have perhaps mixed things up with the earlier potential farmout deals that occurred on a near annual basis in the past ... although I accept that according to you the new seismic data makes that a closer eventuality now ... than was the case with earlier possible deals that failed ....AS
jimmy24
10 Jan 2018
Re: farm Caraldo,Pvr announced before Christmas that they have agreed farm out terms to drill the next wells, but subject to legal documentation.So either there is a farm out or a takeover, either way great value.J
caraldo
10 Jan 2018
farm As far as i know ,a well will be drilled on barryroe in 2018/19, also there is talk of a farm in soon. I read somewhere on the bullet board that logp as enough money to keep alive till the end of feb. talks of farm in and data room's have being going on for years,so if there is a farm in the major will want it for very little money as pvr and logp need the cash.So my question is I own share s in logp ,which are massively down ,and after reading posts from jimmy I am thinking of averaging in ,to get my money back , the data above maybe inaccurate as i am soo long in this share that dementia maybe setting in , So has anyone got any thought s on this ?
senn1965
10 Jan 2018
Re: Oil price Got a feeling this will be taken out in the deal at around 7pJust a hunchSenn.
jimmy24
10 Jan 2018
Re: Oil price Hi sendSee my previous post on value.Logp worth 25p a share so anything less represents great value to an acquirer.If the price stays low a takeover at 10 p would work for most shareholders.J
senn1965
10 Jan 2018
Re: Oil price Where do you see his heading Jimmy when a deal is done 5p overnight on the sp??Senn
jimmy24
10 Jan 2018
Oil price Brent oil price $69.15 got to be good for barryroe oilfield and it’s 340 million bbls of proven undeveloped reserves.Logp have 20%.At this ridiculous low oil price lands down are not a take over target.J
senn1965
08 Jan 2018
Buyout? New broker from pvr or book runner to buy this lots stake?? What price 10p??Senn
caraldo
04 Jan 2018
Re: Jimmy thanks jimmyi will check out pvr for the semsic , not that i will have a clue as to what it means.but i am becoming more positive . thanks for your post
jimmy24
03 Jan 2018
Re: Jimmy Coral do.With regard to the new Barryroe seismic please look up the PVR website and open the barryroe technical update file presentation to the Atlantic exploration conference.The difference in seismic quality is immense. Previously it was not possible to map the reservoir directly on the seismic and hence it was not possible to identify if there were intr reservoir faults which could compartmentalise the field. Now such faults can be mapped and location of production wells can be placed with confidence.I believe it’s a game changer and that’s why a company very quickly agreed commercial farm in terms to barryroe.Jimmy
Father__Paul
03 Jan 2018
Re: Increased loan to cover working capital Not an equity raise
Father__Paul
03 Jan 2018
Increased loan to cover working capital Undrawn amounts on the loan are sufficient to fund the Company to the end of Q1 2018 and Brandon Hill Capital have confirmed their potential willingness to increase the size of the loan, should it be required, pending the ongoing farmout discussions.
atlanticshore
03 Jan 2018
Re: Jimmy if this is more spin ... then any reputation that these people have would be completely gone ... I do not believe new team are "spinners" ... if it was just the old team I would be holding my nose ..
