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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Lansdowne Oil & Gas Plc | LOGP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.10 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.10 | 0.10 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 16/11/2023 10:45 by ianio5691 Where there is life there is hope....Nice to see LOGP still hanging in. As a pure binary bet - if the Beef Baron can negotiate his way around the many hurdles, and finally get Barryroe moving, and LOGP can retain a %, then there is hope. Not for widows and orphans, and a complete long shot, but decent returns possible??? |
Posted at 19/9/2023 14:10 by pwhite73 The government were waiting for LOGP to call in the administrators and waited until the very last day. It didn't happen so they are now proposing a consultation period. |
Posted at 19/9/2023 10:31 by ianio5691 Could well be game over bones - but not much else to lose and everything to play for!They have a case and the Govt know it. Responding on the last day, and the ongoing stalling tactics do nothing to for the govt's case should it go to Court. Can't see it going to court. On paper LOGP will win. Interesting to see how this plays out. Not for widows or orphans..... |
Posted at 19/9/2023 09:33 by bones698 Sounds like game over and tbh any judge will look at the total lack of progress by logo to get a partner or develop the site along with its lack of funds as a good enough reason for the government to remove the license imo . This might well be the end finally for logp and paying it's bod for delivering nothing |
Posted at 09/9/2023 20:51 by mattlandry "Promising potential for growth in LOGP stock." |
Posted at 28/6/2023 06:58 by richpassi Ideally Irish Government should reply quickly and ask how much LOGP have invested from the start. Having then received that information, as a good will gesture add 5 percent to the amount and send Cheque by return of post.Shouldn't take more than say 5 weeks .......I am singing 'Dreamer' by Supertramp in my head as I type ;) |
Posted at 28/6/2023 06:18 by swizz Lansdowne have now officially started their legal journey,…GL SFurther to the Company's announcement of 22 May 2023 that the Company was formalising the engagement with external legal counsel to pursue legal proceedings for the purpose of protecting its investment in the Barryroe Project, Lansdowne is pleased to announce that its legal advisors, Ashurst LLP, have submitted a letter to Ireland giving notice pursuant to Article 26(2)(c) of the Energy Charter Treaty, requiring Ireland to participate in discussions with a view to settling the dispute within three months of the date of such notice. Receipt of this letter has been acknowledged. Further updates will be made as appropriate, along with more information on the claims sought by Lansdowne in this matter. |
Posted at 04/6/2023 11:04 by pro_s2009 Sunday Blog, 4 June 2023PRD MATD HE1 NHE.AX DELT PANR PTHRF JOG ANGS BOIL LOGP BEY EME LBE CEG CLON Oilman Jim 4 Jun 2023 Catching up on the last couple of weeks and starting with the drilling news, Predator Oil & Gas (PRD) announced on Friday that the Star Valley Rig 101 would commence drilling the MOU-3 well within .................... |
Posted at 23/5/2023 14:21 by bones698 So locking in buyers from yesterday as mms always do when people are stupid enough to buy shares without doing research thinking the fall is overdone . The reality it's this is all but over now . Lost it's only real asset and facing legal bills and years of legal challenges .The decc won't have recoked the license without consulting their legal team which to me says logp have failed to meet their targets imo . I guess we will see in court who is right but now this will need to raise money to cover legal costs . End of the road here, still good to see the manager have found a way to prolong the demise and keep getting payed for a few more years while this drags on but as for shareholders forget it. |
Posted at 22/5/2023 06:13 by swizz 22 May 2023Lansdowne Oil & Gas plc ("Lansdowne" or the "Company") Barryroe Lease Undertaking Application Decision Appointment of Legal Counsel Lansdowne Oil & Gas plc notes the press release from Barryroe Offshore Energy PLC ("Barryroe") late Friday afternoon on 19 May 2023 advising that Barryroe had received a letter from the Irish Department of the Environment, Climate and Communications ("DECC") advising that Eamon Ryan, Minister for the Environment, Climate and Communications (the "Minister") was unwilling to grant the Barryroe Lease Undertaking, as sought, on grounds of financial capability. DECC also confirmed in the letter that the application was satisfactory from a technical perspective. To date, Lansdowne has received no direct correspondence from the DECC with respect to this decision, although the board has verified the content directly with Barryroe. A copy of the Barryroe press release can be found here: The Company can advise shareholders that in recent weeks, given the considerable investment made to date by Lansdowne in the Barryroe project, the substantial potential value that the project could realise for Ireland and all stakeholders involved and the apparent lack of any progress nor any engagement by the regulatory authority, Lansdowne has been engaging with external legal counsel to assess its legal rights and the potential options available, including pursuing legal proceedings, for the purposes of protecting its investment in the Barryroe project. The decision with respect to the Lease Undertaking is disappointing not only for the Company, but also other stakeholders, including Ireland, which continues to import significant amounts of oil & gas, something the development of Barryroe could help to address. Accordingly, the Company has no choice but to now formalise the engagement with external legal counsel and pursue legal proceedings for the purpose of protecting its investment in the Barryroe Project. These discussions are already well advanced, as noted above, and the Company believes there is clear evidence of the DECC and the Minister failing to act in a fair and equitable manner with the Barryroe Partners consistent with its obligations under Irish law and also international law. Given Lansdowne is a UK domiciled company it expects to pursue its claim in international arbitration pursuant to the investment protection regime established under the Energy Charter Treaty to which both Ireland and the United Kingdom are signatories. A further update will be made with respect to the appointment of legal advisors as appropriate, along with more information on the claims sought by Lansdowne in this matter. Below is a brief assessment of the Barryroe value to Lansdowne. Value of Barryroe As has been demonstrated on many occasions, Barryroe contains significant quantities of oil and gas with the potential to deliver much needed energy security for Ireland and great value for all stakeholders. Lansdowne has invested c. $20 million in the Barryroe project to date and the results of the Competent Person Report carried out by RPS ("RPS CPR") announced in February 2022, addressing simply the first phase of a Barryroe development and solely the Basal Wealden Oil reservoir, concluded that the P50 volumes were estimated at 81.2 million barrels of oil recoverable gross (16.24 million barrels net to Lansdowne) from a Best Estimate of 278 million barrels of oil in place (STOIIP). An economic evaluation, documented in the RPS CPR, covering the proposed Phase 1 development (Phase 1A and 1B) and in the 2C oil resources case, delivers an NPV10% for Lansdowne's 20% share of $104 million under a Brent Oil Price assumption of US$68 per barrel in 2027, rising to $70/bbl in 2028 and 2029 and inflated at 2% per annum thereafter. As stated before, the RPS CPR has only addressed the oil in the Basal Wealden A Sand, which allows it to be correlated to the earlier work carried out by Netherland Sewell and Associates Incorporated ("NSAI"). Gas was proven in the Basal Wealden C Sand reservoir in the 48/24-10z well that overlays the oil reservoir and this has previously been estimated to hold a potential gas resource of c 400 BCF GIIP. Lansdowne believes this significant gas resource could make a vitally important contribution to Ireland's energy mix as it transitions to a zero net carbon economy and it is anticipated that any future phased development programme will include consideration of this important gas resource. Steve Boldy, CEO of Lansdowne Oil & Gas, commented: "It is with great reluctance that we must now resort to legal proceedings in relation to our investment as we would much rather have moved forward with a Lease Undertaking and appraisal drilling, for which funds had been sourced, to advance Barryroe toward development for the benefit of all stakeholders. We believe we have a very strong claim against the Irish government and the Company will be resolute in defending and protecting the rights and investment of our shareholders." |
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