Lansdowne Oil & Gas Share Discussion Threads

[bones698] 15/8/2020 00:14

Is it 5p get oh no how silly of me yawn . Rampera celebrating every minute rise but the reality is this has gone from 70p to 1p and under for a reason but still some idiots don't get it . I'll be here at the end when it's over once and for all

[hermana3] 10/8/2020 09:57

Ramco could make one very bitter n twisted!!!

[largeronald] 06/8/2020 23:50

A long and not altogether profitable association with Ramco did the trick :o)

[bones698] 06/8/2020 10:57

Heading back down hope anyone in profit or anywhere near break even has sold out or you deserve what you get

[ddz6006] 04/8/2020 09:13

CHILL OUT GUYS = BONES698 FO

[papillon] 01/8/2020 17:13

Congratulations to those who bought LOGP and/or PVR shares for the first time this year. They have made an excellent return. Those who bought at the the end of March/very early April have done exceptionally well. Those who bought LOGP and/or PVR in previous years at up to 70p for LOGP and £7 for PVR and still hold, tough!! You bought a pig in a poke!

As I've been posting for some months now the LOGP & PVR charts have been bullish since April.

At least the consortium has been named and though it doesn't contain any oil majors it does contain some well respected names.

Now the serious negotiation between PVR and SpotOn and the consortium members can take place. Will it lead to a farm in deal on Barryroe? Who knows? If there is a farm in deal will PVR & LOGP keep half of their current percentage stakes in Barryroe, as promised by the failed APEC farm in, or will it be less? Who knows?

I'm only an interested onlooker having dabbled in PVR & LOGP shares in the past. However I stopped gambling on oil and oil exploration shares over a year ago (as I've mentioned many times before) and though I was tempted to have a small punt at the end of March/early April I resisted the temptation. I gambled on gold instead when the gold price temporarily plunged at the end of March, via an investment trust(GPM), instead.

PS Long term holders would do well to remember Barryroe was first discovered by Exxon almost 50 years ago and has yet to produce oil commercially. Oil majors have drilled wells on Barryroe in the past, but have always walked away.

[cephalosaurus] 31/7/2020 16:23

Bones, my last purchase at 0.4p just made £5000 profit so far. Not bad dent into the losses

[hermana3] 31/7/2020 14:39

bones has not just run out of friends he has run out of countries....

[hoper2] 31/7/2020 13:23

srvsrv - Many thanks. However, I'm not sure anyone has agreed to anything yet. This is PVR/LOGP and until we have an agreement I won't believe anything!

[bones698] 31/7/2020 12:47

They haven't got a plan together yet and like I say if they ever get to finally drill a hole they will then realise why the rest walked away . All that's a long time off yet and if this was such amazing news then the shareprice would reflect it m the fact it's still 1p says it all imo and watch as the traders get out fast and move in leaving hermana and ceph to keep holding for even longer in hope of a miracle.

Nobody can explain why so many have attempted to drill barryroe and hit oil then walked away . It's not like it's happened once or twice but 5 times now and every time the same outcome . With oil prices where they are and likely to be for a long time barryroe is a fools project with better opportunities elsewhere .

70p to 1p just remember that when you decide who to listen to

[srvsrv] 31/7/2020 10:51

hoper2: from the RNS:

The consortium alignment of interest is intended to keep down development
costs by agreeing deferred payment terms for the project and including
the consortium in equity returns from production.

My reading: deferred payment/equity. But payment (cash) is only relevant if production as Barryroe is more or less the only asset for PVR/LOGP.

[hoper2] 31/7/2020 10:24

srvsrv - Has any of those companies in the consortium actually said they will take equity in place of cash?

[srvsrv] 31/7/2020 10:00

bones698: but you have to admit that the consortium has to believe in the field as they will get equity in field for their drilling etc. And it is rather big companies with ok experience...

[bones698] 31/7/2020 09:55

Not at all ceph I made my money when Ramco was in Iraq or can't u remember that long ago. The consortium is not aware of anything until they drill ,they have no access to the other companies drill and test results so are completely in the dark about what lies ahead . Still will be fun watching it fall flat on its face when they realise why the rest walked away . You never learn ceph and that is why I keep laughing at you and the others who can't see the reasons

All those big names but here we are day at 1.15p doesn't exactly instill confidence does it . How many failed farm outs have there been so far ? Let me know when you pull your head out of the sand and smell the coffee

[cephalosaurus] 31/7/2020 09:51

The consortium will be fully aware of 7 heads and it's unrelated geological timescale.
I guess when Ramco dropped from 700p at 7 Heads peak production, to 12p you lost your shirt Bones, and thus hope everyone else does too.

[hermana3] 31/7/2020 08:50

Maybe he and his wee sidekick papi are having a good old fashioned cry into their corn flakes...

[cephalosaurus] 31/7/2020 08:44

Hahaha :-)
At you Bones