Hola Spuddy, still think the total deal will be $300m for 50.1% of Barryroe. With cash $40m to PVR and $10m to LOGP. This gives a carry of $250m on production costs.
in relation to buying again, Mars_2050 has just posted a very good review of today's RNS indicating PVR as a BUY. Just 2 points in relation to that, i) Sequa have still to raise enough cash, if they can't then farmout is delayed for about a year. ii) given share price reaction to today's RNS the markets are slow to attribute any value to PVR until it's tangibly backed up by cash or oil. Both of the above mean it may NOT be a short term investment. If you buy today be prepared to be sit and hold and you'll make money.
Spuddy, give 'em a chance, they don't even have enough money raised for Barryroe yet Cairn will look after Spanish Point.
Spuddy/JB63 you need to include how much is free carry to production.
from our poll of when will Barryroe farmout news be announced ARE Godot and Lastcall
Think what JB is trying to say, is that if enough people e-mail, then PVR might see the need to issue an update. While I think a deal is on the way, am very miffed that TOR made a presentation to an independent body about future drilling plans and despite requests to PVR and the SPE this presentation is not made available to the shareholders. We may have seen these plans before, but we can't be sure. Like you, I would very much like to know how bond issue went, if it helps keep checking Euronext (Sequa have 2 bonds listed) for a 3rd bond.
Godot, don't think Tony uses that matrix. If he did, we'd be kept informed. Just trying to boost our level of power to get bumped up the matrix. Reckon if we got together we might control a percentage or two very easily.
If all of us joined together under some kind of umbrella group, if we controlled enough shares would PVR have to deal with us and give updates/briefings the same way they do with institutional investors?
Saw your query yesterday, think all normal trading by ii's is recorded, but private deals for large blocks of shares could be negotiated offline and these would not show up in daily trading figures. Cheers JR
Hola Spuddy, bought a small amount yesterday on ISEQ @ €0.77. As I've said for a while, think a deal has been agreed and is awaiting final signatures. Only worry is whether the bond issuance was successful.