Share Name Share Symbol Market Type Share ISIN Share Description
Lansdowne Oil LSE:LOGP London Ordinary Share GB00B1250X28 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 1.925p 17,702 08:00:00
Bid Price Offer Price High Price Low Price Open Price
1.85p 2.00p 1.925p 1.925p 1.925p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -0.35 -0.10 12.7

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Date Time Title Posts
16/10/201809:16LOGP Lansdowne oil & gas4,149
20/3/201711:47Landsdowne with Charts & News24
30/12/201501:58Landowne Oil...the free speech thread2,724
04/6/201500:23The Lighten upu Wanker:) Lansdowne Manuscript16

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Lansdowne Oil Daily Update: Lansdowne Oil is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker LOGP. The last closing price for Lansdowne Oil was 1.93p.
Lansdowne Oil has a 4 week average price of 1.58p and a 12 week average price of 1.33p.
The 1 year high share price is 2.65p while the 1 year low share price is currently 0.83p.
There are currently 661,849,846 shares in issue and the average daily traded volume is 2,446,184 shares. The market capitalisation of Lansdowne Oil is £12,740,609.54.
wheniamfree: “The company has 612 million shares in issue . 10p values their 34.5 million contingent resources at a measley £62 million approx .A strong case could be made for 15p for what they have already . That’s ignoring any exploration upside which could be very significant. There’s only one way this share is going.” Very true Talkman, this again would only place an inground value at around $1.8 per barrel. Even if you take an extremely conservative view and attribute $3 your 10p will almost double again. The point I am trying to make is that Lansdowne has always been priced to fail, this is precisely why this deal is transformational and the market has overlooked it on a monumental scale. At 2p share price the capitalisation of the company is around £14m that is just cents on the barrel. If you also consider 40% of the stock is held by LCC and BH that leaves a fair amount of stock unavailable to the wider market and demand drives price which is why the correction will be strong. The last few days in market movement in my view are only the beginning.
cephalosaurus: Credit to Jimmy 23 over on iii. Nice to know he is still looking in. (That website has gone to pot and put off all posters): Barry roe deal done Market Discussions Lansdowne Oil & Gas (lse:logp) Jimmy23 8d Deal is done, this share price now massively undervalued. Five well drilling programs fully funded. Buy now. Jimmy created 8d last reply 1d 2 replies Jimmy23 4d At the current share price LOGP currently valued at $0.45 per bbl of independently certified 2c reserves with a carried interest in five wells to be drilled in about six months time and huge upside as posted on the PVR. Site. With an $80 oil price it would be fair to value them at $5 per bbl. huge upside here . Jimmy Jimmy23 1d Hard to believe this share price has not at least trebled from here. With a carried interest in five wells and ten per cent interest in 346 million bbl and a market capitalization of only £10.5 million the market has noticed logp. Seems to me they will be ripe for a takeover, and it will be a multiple of this share price and still be great value to an acquirer who gets all the upside of the deeper oil at barryroe. Take your position because this will happen quickly. J
papillon: Looking at Friday's interim statement in more detail they do state the following. "Going concern The Directors have prepared the interim financial information on the going concern basis which assumes that the Group and Company and its subsidiaries will continue in operational existence for the foreseeable future. The Directors have carried out a detailed assessment of the Group's current and prospective exploration activity, its relationship with the holder of its loan note and cash flow projections and it is on this basis that the directors consider it appropriate to prepare this interim financial information on a going concern basis. This interim financial information does not include any adjustment that would result from the going concern basis of preparation being inappropriate." That's positive, so perhaps there is NO short term cash problem at LOGP and there is another reason for PVR sp's strength so far this week and the weakness of the LOGP share price I'm just looking for a reason to explain the discrepancy in the share price movements so far this week. Personally I'm not too worried about what happens at LOGP & PVR because I only have small amounts of money invested in both. I only post because I'm bored! I'm just an OAP with too little spare cash to invest and too much time on his hands and too lazy to find a more fruitful hobby to occupy that spare time. PS. The charts of both look bullish to me, especially the PVR chart. PPS. I'm more interested in AMYT, where I have more money invested and the interim results for H1 2018 are to be released tomorrow. AMYT is a sh*t, or bust investment on the outcome of their EASE phase III trial. The interim crunch news on that is due sometime in Q4 2018.
papillon: I don't need your investment advice, druidinvestor. I make up my own mind, thank you. You have your opinion and I have mine. It wouldn't surprise me to see the PVR share price decline tomorrow on profit taking and the LOGP share price rising again. Conversely it wouldn't surprise me to see the PVR share price continue to rise tomorrow and the LOGP share price to continue to fall. Maybe both will stay the same tomorrow? I can't predict share prices; maybe you can!:-) I agree Ftj that there is absolutely no way that Lampe & Brandon will pull the plug on LOGP after being so supportive so far, but they are not charities. They do and will take their pound of flesh in return for their support. I still think that their continued support will mean more share dilution for LOGP shareholders (apart from Lampe & Brandon!). To my mind the lack of ready cash @ LOGP means they are up sh*t creek without a paddle because LOGP will have to beg for more support from Lampe & Brandon, or raise cash via a placing. Either way it will entail yet more share price dilution for existing small shareholders. However if you are correct, Ftj and they still have an outstanding portion of the loan to drawdown then they are NOT up sh*t creek without a paddle!
phoebusav: Perhaps you could school Brandon Hill who just increased their holding or the PVR buyers who seem to think it's great news. PVR has already added £15.5M in market cap since yesterday's RNS. Divide that by four to get the relative impact for LOGP's 10% of Barryroe, gives £3.88M or 0.59p per LOGP share. Add that to the pre RNS close price of 1.40p means LOGP should be at around 2p. Suggesting the share price won't move significantly higher because there won't be any cashflow for many years is embarassing. This is AIM where shares can soar for months with little or no operational news pending and production decades away or not even mentioned. Just look at UKOG last year with Broadford Bridge. Production nowhere, but fortunes were made. LOGP by contrast has a low market cap and around 35 MMBOE 2C with significant appraisal/exploration upside all to be tested in a fully funded 5-7 well campaign only months away. Exactly the recipe AIM likes. There were a few posters spreading negative vibes on RMP too when it pulled back after the Alaska entry RNS thinking they knew better. If those late to the party hope to keep a lid on things while they load up, who can blame them.
ianio5691: Ok... Lets address the elephant in the room. Lets say they do decide to have a raise, which I don't think they will until the shareprice is at a more realistic price. Lets just say they had to do an emergency raise tomorrow, and could only get it through at 1p, and wanted to raise £600k for enough headroom until first oil - that would be an additional 60m shares. We currently have 650m shares in circulation, so it would be less than 10% dilution. If it is done further down the road when the share price is around 10p, then it would equate to 1% dilution. We have enough cash until June 2019 - see previous RNS. Once the RNS's start dropping regarding Rig procurement, Rig on site, and spud, we wont still be at 1.6p Still a gift at these prices (with the minor risk of a raise)
papillon: Why do you keep posting such silly, sky high, share price valuations, euclid5? With a current share price of just 1.375p the "Market" obviously thinks a 52p target share price for LOGP is ludicrous! I agree with the "Market"! You'd have to be a Walter Mitty fantasist to believe a 52p LOGP share price is possible, unless they consolidate!! LOL. PS. Now we know why the share price rapidly fell back following the initial euphoria on the farm out news; those in the know knew there was a placing on the way @ 1.3p. Ideal opportunity to sell & short shares @ any price above 1.3p.
funtimejonny: I would hazard a guess that a takeover bid for Logp would only succeed at a fairly high price per share and not at the usual 30 to 40 percent premium to current share price which only values the oil in the ground at 14 cents a barrel. The major shareholders in the company have been invested for a very long time and bought in at a much higher share price. They are not going to want to crystallize their paper losses and throw in the towel for two and a half pence per share (say). I have no idea what figure would be acceptable to the majority of holders though. Anybody else got any thoughts on this? Perhaps if this Barryroe farm out and multi well drill programme gets the green light, then the company's share price will rerate and interested parties might see it as a viable investment opportunity and come up with a bid later down the line once the company's activities start to show some progress and we move closer to first oil and some revenue coming in the door.
papillon: The share price doesn't lie. Look at the chart in the header. In January 2013 the LOGP share price was over 50p. Now it's under 7p. Only good news will push the LOGP share price into double figures again. Is that likely to happen anytime soon? I've no idea and neither does anyone else who posts on this bb, however the LOGP share price doesn't fill me with confidence we will hear good news anytime soon! I may know nothing, like the rest of the posters on this bb, but you can be certain that some know what is happening behind the scenes and that is being reflected in the current LOGP sp!
pharmabrown: Furthermore: 'If we assume that the [PVR] current share price reflects only Barryroe, the market is paying a value under $7 per barrel.' Some simple calculations:- PVR (64.478m shares in issue, closing share price 510p) market cap currently £328.8m. So if based only on Barryroe, LOGP with one quarter as much of Barryroe as PVR (20%/80%) should have a market cap of £328.8m/4 = £82.2m. However, LOGP (140.54m shares in issue, closing share price 37.75p) market cap is only £53m (at a discount of 35.5% to PVR wrt Barryroe valuation), valuing Barryroe oil at less than $4.5/barrel. For that figure to be $13/barrel the LOGP share price should be 109p. An LOGP share price of (37.75p x 82.2/53) 58.55p would put LOGP and PVR on the same discount.
Lansdowne Oil share price data is direct from the London Stock Exchange
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