Lansdowne Oil & Gas Share Discussion Threads

[swizz] 30/12/2022 07:57

Confidence growing at LOGP and hopefully 2023 will be Barryroe’s year, Happy New Year,..GL S

"We would like to thank LC Capital for their continued support of the Company whilst we await the outcome of our application for a Lease Undertaking for the Barryroe Field. As reported last month we submitted additional material in support of our financial capability to carry out the proposed work programme, as did the Operator, Barryroe Offshore Energy. With the greatly increased concern regarding energy security for Ireland, we are optimistic of an award being made early in the new year. The Board remain strongly convinced that Barryroe can provide both oil and gas to partially satisfy Ireland's requirements over the next few decades, during the transition to a net zero carbon emission economy"

[wpc9] 28/11/2022 10:38

will there be anything left for lansdowne and barryroe when he makes his fortune

[czar] 28/11/2022 07:52

Goodman and his Team will win this and make a fortune for themselves and Ireland.

[steelwatch] 25/11/2022 22:50

Lansdowne will have to stand their corner somehow Ianio. Hoping for a well heeled farm in partner with maybe PVR dropping to 40% and Lansdowne to 10% for a free carry for both for a 1 - 2 well appraisal program. If the appraisal is successful, then bank finance is the likely route to phase 1 development. I have a foot in both camps.

[ianio5691] 24/11/2022 11:24

The is could make for very interesting viewing...
Now that BEY has clarified the funding situation via $40m CLN from Larry Goodman, this puts LOGP in a very good position.
They effectively still own 20% of Barryroe...
If it now gets developed, will this be a free carry???
If so, the value here is unbelievable.
Will LG have included some form of poison pill that will involve LOGP stumping up some of the costs, or committing to some form of share swap, or take over???

What ever the outcome - LOGP currently sits in an enviable position!

[swizz] 22/11/2022 10:26

One from the archives, but a timely reminder of the importance and potential of Barryroe, especially in light of today’s excellent news and an important step forward,..GL S

hTTps://youtu.be/nkVvmyCiFu4

[2dinvestor] 21/11/2022 10:54

Not sure what people are expecting tomorrow?I suspect we will hear that a proposal has been submitted, but then how long a wait will there be before DECC respond?No clues here until after the December reshuffle. Hopefully that will see Mr Ryan replaced, then perhaps we get progress...

[daar] 21/11/2022 10:30

Big pay day coming here soon IMO!!

[patfishing] 18/11/2022 07:27

Thanks Swizz, the rumours off reshuffle could be the answer for the delay. I personally think we will get good news on this if he was not to sign it he would have told us long before now with delight.

[swizz] 18/11/2022 06:30

Yes, that's correct and as per my previous post, our response to the capability assessment is due by Monday 21st, as the DECC we're inclined to give a 3 week deadline, I would expect the same in return in regards to the licensing update, plus if there is indeed a change to Enterprise and Energy, as part of the mid December cabinet reshuffle, it would take away the very obvious conflict of interest and the national interests would be before any individuals ideology, an interesting few weeks are ahead!,...GL SFrom the October 31st RNS,..DECC has allowed Barryroe an opportunity to provide further financial information in connection with their capability assessment by 21st November. In the light of these developments, the Board intends to engage with the Company's major shareholders and others in seeking to demonstrate to DECC more clearly the Company's financial capability. While we will seek to provide all outstanding financial confirmations to DECC within the required timeframe, it should be noted that the final decision in relation to the award of the Barryroe Lease Undertaking has not yet been taken and it remains in the hands of DECC and the Minister.

[patfishing] 17/11/2022 17:58

Swizz correct me if I'm wrong , but I think we have up to 21st Nov to get all financing in place that they will be happy with so Ryan could sit on this again they are not saying we will have a answer by the 21st. As I said correct me if I'm wrong.

[swizz] 17/11/2022 16:10

The response to the DECC is due on Monday and perhaps we have some anticipating a positive update on Monday, plus reports are gathering momentum in Ireland, that the mid December cabinet reshuffle could create a new portfolio of Energy and Enterprise, which would see Ryan losing the energy portfolio, which would hopefully be the precursor to Ireland taking a more pragmatic approach towards the sizeable issues with Energy security and energy supply,..GL S

hTTps://www.pressreader.com/ireland/irish-daily-mail/20221117/281655374065273

[czar] 17/11/2022 16:03

BEY up over 10% today

[swizz] 03/11/2022 07:16

Perhaps some pragmatism and reality is starting to dawn with the DECC and the Minster, clear and concise comm’s with BEY and now the licence extension for EOG and FEL 4/19,..GL S


3 November 2022

Europa Oil & Gas (Holdings) plc

("Europa" or the "Company")

FEL 4/19 Licence Extension Approval


Europa Oil & Gas (Holdings) plc, the AIM traded UK, Ireland and Morocco focused oil and gas exploration, development, and production company, is pleased to announce, further to its announcement of 29 July 2022, that it has received notification from the Department of the Environment, Climate and Communications ("DECC") that the Minister has given his consent to extend the first phase of FEL 4/19 to 31 January 2024. The Company intends to use the extension to carry out further technical studies and allow more time to secure a partner to advance development of the licence.

Simon Oddie, CEO of Europa, said:

"I am delighted that our application has been granted and that we can continue with further technical studies of the licence and seeking a project partner. FEL 4/19 contains the large, low risk, Inishkea gas prospect and is a strategic asset that can potentially provide a reliable source of low emission energy for Ireland. Gas from the Corrib field, adjacent to the Inishkea prospect, is one of the lowest carbon-intensity gases in Europe, much lower than long distance pipeline gas from Norway, the UK or the Russian gas piped to Europe. Ireland will continue to require gas into the foreseeable future, having recently agreed plans to build new gas-powered electricity plants. Inishkea, if successful on drilling, could provide a highly secure source of indigenous gas for Ireland, and play a key role in the transition to renewable green power.

We look forward to working constructively with DECC as we seek to progress FEL 4/19 to drilling, and to attracting additional partners to this prospective licence."

[swizz] 01/11/2022 12:29

jot, agreed, any meaningful progress with the license in the weeks ahead, should see a material increase in the companies valuation, you could also perhaps even make a case that the measure of last resort is also very meaningful for Lansdowne, as they are a UK registered company,..GL S

[jotoha2] 01/11/2022 12:01

If you are of nervous disposition then waiting for license or farm in is the logical route here , if it happens then 50 fold increase from here will be achieved with ease.

[bones698] 31/10/2022 14:49

Don't lose your money investing here this won't get developed for a very long time if ever . It's been sat there over 50 years and everyone has walked away from it due to costs and risk simple as that . Been saying that a very long time and nothing has ever come of it so take your pick who knows what they are talking About .

[ianio5691] 31/10/2022 09:22

Make or break time!Sounds like all boxes ticked other than the funding confirmation.This was never a requirement when the license was originally granted!DECC moving the goalposts is surely a Legal challenge.If they can show access to funding - surely thus must be Game On!Complete binary bet from here.Place your bets folksGLA

[swizz] 31/10/2022 08:41

whilst it’s an incredibly shoddy way for the DECC to act, it’s certainly brought the situation to a head and in some respects the DECC and Ryan no longer have anywhere to hide now, plus all other key elements of the licensing compliance are clearly in order and based on the support that the partners have provided to date and the individuals involved in the background, it’s perhaps created a good opportunity for those sat on the sidelines,..GL S

[kibes] 31/10/2022 08:23

The DECC reasoning is spurious. Money can be raised if the licence is granted. They are way out of order in my opinion, PVR and LOGP have complied with their obligations but progress has been continuously obstructed by DECC refusing approvals. They are trying to close down the oil and gas industry in Ireland. PVR has some large Irish shareholders who may be able to bring some pressure to bear.

[tomboyb] 31/10/2022 07:36

RNS out -

Not so good -

[bones698] 31/10/2022 07:35

So at risk of losing the license due to lack of funding . Why am I not surprised .
Can't get a decent farm in partner due to the costs and risks .pretty sure I've been saying this for over a decade and now the DECC look like they have had enough waiting and are looking for a reason to take the license off them ..fat lady singing again . About time this gravy train was put out of its misery