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% 1.375p 10,959 08:00:00
Bid Price Offer Price High Price Low Price Open Price
1.35p 1.40p 1.375p 1.375p 1.375p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -0.35 -0.10 8.4

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Date Time Title Posts
13/8/201816:22LOGP Lansdowne oil & gas3,699
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 (LOGP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-08-17 10:20:581.3510,959147.95O
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Lansdowne Oil (LOGP) Top Chat Posts

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 1.38p.
Lansdowne Oil has a 4 week average price of 1.28p and a 12 week average price of 1.10p.
The 1 year high share price is 2.65p while the 1 year low share price is currently 0.47p.
There are currently 611,702,847 shares in issue and the average daily traded volume is 409,201 shares. The market capitalisation of Lansdowne Oil is £8,410,914.15.
itsriskythat: And the other thing about Lansdowne's upside is that Steven Lampe's LC Capital Master Fund has 190.5m shares and at the current 1.4p is showing a loss of £7.8m on its investment of £10.4m. His breakeven share price is 7.0p which is 5 x the current price.
itsriskythat: From the Mirabaud March 2018 note on the Providence web-site: Barryroe phase 1 is 141 MMboe at $8.18 / boe The chance of commericial success is 60% So Barryroe gross valuation is 141 x 8.18 x 0.6 = $692m Providence's 40% valued at $277m and Lansdowne's 10% valued at $69.2m Providence is 31.3p per share (post APEC warrant issue) and Lansdowne is 7.9 per share. Easy to see that the upside in Lansdowne's share price is far greater than Providence.
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.
papillon: You hold 1m LOGP shares, Talkman and you held 1m, before selling half, Ftj, accruing a big loss in the process. Did you hold 1m shares when the share price was at it's high of 65p back in 2012? If you did your 1m shares were worth £650k. Now they are worth just £15k. However, Talkman, LC Master Fund have never sold a single LOGP share all the time it's been listed. Hence I can't see them selling their 27% to APEC for "peanuts" before Barryroe has Proven reserves (P1 + P2) instead of just a Contingent resource (C1 + C2). In other words APEC will not be taking over LOGP for "peanuts" before the results of the 3 appraisal wells. Of course it's not guaranteed that Barryroe will be progressed to full production. Who knows, the appraisal wells might not give satisfactory results?
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.
whites123: Jimmys Post From III Looks like just the 2 buys have created a no stock available situation for the MM's. Further buying likely to create a massive rise. Some investors may be aware that I have until recently been a long term critic of barryroe. The reason is that in the Celtic sea below the seabed is a thick layer of hard chalk rock which causes an echo in seismic known as a multiple and traditional seismic processing techniques to remove the multiple also reduce the signal strength of deeper layers of rock by circa 95% . For thin sand reservoirs such as barryroe it means the reservoir cannot be traced on seismic through out the field. Because the Celtic sea was inverted by a mantle plume circa 30 million years ago this caused shallow faults known as flower faults which compartmentalised the seven heads gas field which lies at a shallow depth above barryroe . Without seismic that can directly map the reservoir potential faults cannot be seen , with the result that project finance debt would not be available to develop the field and hence no farm outs for the last five years for a field with independent reported recoverable oil of 340 m bbls in which LOGP have a 20% interest. Readers should look at the website of seismic image processing who have a track record in solving this problem and they have done so for barryroe.The results are very impressive so read the last barryroe update from pvr. Now LOGP have 20% of barryroe and they have no money and they need $5m to pay for a well on barryroe that will lead to its development. Can they farm it out. Davy stockbrokers valued an undeveloped phase 1 development of barryroe at $5.81 per bbl earlier this year. Pvr recently advised that this next well will bring 168. Million bbls into the proved c90 category. Can LOGP farm out 50% for a carry of $5 million. The well is being drilled 200 feet up dip from the last well in a field with six wells drilled to date, the well locations are at the top of the structure so ideal as production wells. Assuming an investor got half of LOGP 20% the net reserves for the investment are worth $97 m for the phase 1 reserves at $5.81 per bbl per Davy and say $1 per bbl for the follow on reserves of 172 million bbls worth $17.2 million at total of $114m for an investment $5 million. Can they farm it out with this new seismic, very definitely . The value to LOGP for its remaining 10% after farm out is $114 million or £0.168 per share compared to a curent share price £0.009 an 18.6 x multiple. The chances of success for drilling 200 feet up dip in a field with six wells and new high resolution seismic are very very high. I would estimate an 80% chance of success leading to a phase 1 field development. I have purchased LOGP shares as they represent an extra ordinary low risk high reward opportunity. I have changed my view on barryroe because the new data requires it.
jam2day: (Close): Shares in London and other key European markets have risen on news that eurozone leaders have reached a deal on a third bailout for Greece. By the close, the FTSE 100 had gained 0.97%, or 64.57 points, to end at 6,737.95. France's CAC-40 closed up 1.94% at 4,998.10 while Germany's Dax ended up 1.49% at 11,484.38. The rises came after European Council President Donald Tusk said a bailout for Greece was "all ready to go". US stock markets also traded higher early in the session. Bank and financial shares surged, with Germany's Deutsche Bank shares closing up 3.3%, while the biggest winner on Frankfurt's main index was the stock exchange Deutsche Boerse up 4.38%. FTSE up 0.97% Banks and Financials shares surge They forgot to mention the massive effect it had on LOGP Share price - Day job what is one of those ?
papillon: Couple of crude and rushed LOGP log charts for you SR. Lol. I'm posting 2 charts because there is more than one set of parallel trend lines that satisfy the historical share price data. Whatever trend is more accurate the fact is that over the last 2 years the LOGP share price has only been going in one direction; namely downwards. Of course good news and the share price direction could reverse and start to trend upwards. Will we get good news any time soon? I have no idea; unlike some on this bb I can't predict the future. I have no crystal ball! free stock charts from free stock charts from
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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