Well lets hope we hear something on barryroe soon. Do you think Sequa EGM on april 24th regarding impairment for Kazak prospect is delaying things
Hello there Godot: Did you see Jimmy´s comments regarding Spanish Point. I could not access the link. He says that Cairn have excluded SP from their 2016 campaign. Is this true do you believe. I have not seen any announcements
Sequa have their EGM on the 24 April to deal with the provisioning for impairment costs regarding their Kazak project. Wonder has this been delaying the financial restructuring that TOR mentioned !!!!
First thing Godot would be a tmerger between Landsdowne and Providence. Landsdowne 1:5 shares with Providence i.e. 32 M shares. Thereafter wait to see what happens with Sequa and once known a merger with Fastnet
Hello there Godot: I believe that a Tie up would be advantageous to all. Mmmmm would hold onto your shares. This will eventually turn around.
Hello Godot: What do you think are the possibilities of a Providence-Fastnet-Landsdowne tie up.
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
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
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 the company Would be worth a fortune. Spanish Point Would also be on cards. Given recent cut back in exploration we Will likely See a spike in oil Price in next few years as shale gets cut and all additional supply gets curtailed. Dont think Deal on Iran Will work and middle east looks increasingly instable. Alot of big Oilers Will look to buy companies with proven reserves as they find they are short on barrels of oil
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