Barryroe Offshore Energy Share Discussion Threads

[northatlanticholdings] 30/6/2023 21:08

Lets hope the Majors are not trying to *uck us one last time in addition to Ryan

[hermana3] 30/6/2023 20:58

We sure got royally stuffed by O'Reilly and then by the insufferable bore Ryan....

[northatlanticholdings] 30/6/2023 20:42

Held up in international bank processing.. from China .. or in the form of a Norwegian Bond.. we sure have heard it all..

[hermana3] 30/6/2023 20:29

Sounds like "The cheque is in the post"...

[northatlanticholdings] 30/6/2023 20:09

Perhaps the Majors intervened - or Joeb didn't get paid:

The Company will therefore later today be posting a circular to shareholders (Circular) in connection with the proposed CVL and Cancellation.

The Circular will set out the background to and reasons for the CVL and the Cancellation and additional information on the implications of the CVL and Cancellation for the Company and its Shareholders.

[northatlanticholdings] 30/6/2023 19:22

They referenced an update later today - did Joeb not get paid at lunchtime - no further info.

[steelwatch] 30/6/2023 18:54

Thanks to Eamo, there are no assets.

[jotoha2] 30/6/2023 17:27

Let the company fail , buy the assets whatever they may be and then try to sell those assets , that is probably their master plan , shareholders well and truly shafted .

[hermana3] 30/6/2023 16:36

Steel,Cant believe he will be allowed to block LU. Bloody disgraceful behaviour it is and Landsdowne are to be commended for taking him on. Are we sitting back and letting this unlawful outrage to happen??

[steelwatch] 30/6/2023 14:36

Maybe a minor point in the greater scheme of things, but I only recall the 48/24-10z well being suspended post testing. If I'm right and, in the event of a final victory for Ryan if all else fails, then the gobaloon will need to stump up tax payers hard earned to permanently plug and abandon the well in a safe manner, as required by the regulations.

[northatlanticholdings] 30/6/2023 14:18

Landsdowne have it nailed - BEY needs to go directly through the Irish courts for compensation

[theshenagainagain] 30/6/2023 14:11

That is how you effectively communicate with your shareholders.

[steelwatch] 30/6/2023 14:04

LOGP going for the jugular at least:

[paulsavannah] 30/6/2023 13:20

They're all out of a job so I doubt they'll be too concerned about us.

[theshenagainagain] 30/6/2023 12:59

It beggars belief at how little has been communicated to PIs by the board. Have they actually done anything since the LU was refused other than start shutting everything down?

[paulsavannah] 30/6/2023 12:26

Cannot help but think we are being screwed all over again by the Board of BEY. They let this company go belly up and cancel shares etc.Then in a few months a completely new company sets up again tied in or including LOGP and off they all go to court and take on Ryan with no worries about market regulations or shareholders to worry about. Saves LG or whoever needing another death spiral finance deal.

[bill216] 30/6/2023 10:01

Or provide a facility of 140 m knowing it'll never be drawn? Blegh.

[bill216] 30/6/2023 09:05

Could they just budget for works that are 30% ish of £40 m ? So they can show they have the 3.5 multiple ?

[cephalosaurus] 30/6/2023 08:28

It's pretty obvious why the funding is hard to achieve with people like Ryan and the current prime minister running Ireland into the ground and putting up red tape and road blocks everywhere

[swizz] 30/6/2023 06:51

Could the majority holders be facilitating a move across to Lansdowne? and LOGP to be the vehicle to go forward as a UK domiciled company?

[theshenagainagain] 30/6/2023 06:51

Very much a housekeeping RNS with very little useful information. I wonder if the significant shareholders are refusing to deal with and looking to remove the current board.