Lansdowne Oil & Gas Share Discussion Threads

[toolpusher1] 03/12/2020 08:13

You’re spot on don’t listen to the likes of bones and company

[cephalosaurus] 03/12/2020 07:36

Compartmentalization not an issue here. Modern seismic and extraction technology doing away with need for traditional infrastructure, therefore no expensive decommissioning. 7 heads gas ran low implies gas retained in lower margins which is great for barryroe.

Bones' quote that other company whose CEO says they won't touch Irish Sea is twisting what he quoted, which related to unexplored licences in the Atlantic margin.

Remp got sidetracked with Iraq and lost, then retired. Nothing to do with issues surrounding Landsdown.

Don't listen to anyone who claims they know the direction of a share price, or replies with name calling.

Bitter unpleasant people are best of ignored with a health warning

[romeoandjuliet] 02/12/2020 20:12

Heading back to 2p here

[bjvoy] 02/12/2020 09:24

Did somebody lose a lot of money recently Johnny boy? lololol

[john ross ewing] 02/12/2020 08:44

You are just like the Harry Enfield character, who was a complete bellend.

[papillon] 02/12/2020 00:06

Buy on rumour, sell on fact. Very true in this case. LOGP share price has lost 98% of it's value since the high back in 2012. FACT! An abysmal performance! FACT! You can't argue with the facts.

[paulo435] 01/12/2020 22:24

Thanks a lot bones, very informative and great to get an in depth perspective. alI can imagine the analysis and years of thought that you’ve been through - I work in a similar way. Much appreciated and it’s good to know the risks here.

[csmwssk12hu] 01/12/2020 22:13

Guys even if this come to fruition the world won’t be using oil and gas anymore

[bones698] 01/12/2020 20:07

Paulo logp have been here before several times trying to find a farm in partner which have eventually bailed on the project for whatever reason .

I always go to the basic issues here which are this average has been drilled many times and hit oil but no one has bothered to develop it after it being drilled . There must be a reason for this which I suspect is because the flow rates drip off quickly after drilling showing the compartmentalised issues seen with 7h gas .
That would make the project complex and expensive along with other issues and ridden with high risk .

Then there is the wax content which is at least a known but adds to the cost of extraction . With oil prices low and expensive drill costs and infrastructure plus abandonment costs which are high the field economics for barryroe begin to look awful at best and a reason so many have walked away . Personally I believe I will never see this field developed for these reasons and having spoken to Remp and bertram years ago I believe the cost to develop would require a much higher oil price than we have currently or likely to see for many years .

All imo and from the data I gathered over the years and anyone can believe what they like but I don't see this as a wise place to put your money . There are better options and prospects available .

Just ask many of the so called experts on here and how much their losses are and have been sat on what they think . It's pretty much guaranteed to be totally wrong as the share price has shown over the years .

It will go up and down a bit like any share but as an investment not a wise choice imo

[bsg] 01/12/2020 19:16

10% of 166 = 16.6, that's 1,660,000,000 shares at 1p. Easy!

[terminator101] 01/12/2020 18:01

When will the company see any money from this little adventure? Assuming that they can raise the £166 million, and that they can successfully implement a drilling campaign and get into early production, LOGP will then have to pay back their share of that before they get a penny in revenue. Its going to be years at best.

[thecashmoney] 01/12/2020 08:50

Will be it's 7 years off any revenue that's if they ever got funding or approval.

Absolute rubbish.

[ammu12] 01/12/2020 07:25

Rekon they'll be raising some money now

[paulo435] 30/11/2020 21:56

Bones, interesting reading your posts, any thoughts on where you think this heads from here ? It looks like a long term hold to me now and slow upward climbs - a deal that has been many years in the waiting and it now seems a big step in the right direction.

[bones698] 30/11/2020 21:39

Smcl for someone that never posts or brings any knowledge to the bb your comments are a bit rich to comment on mine being hollow . I have provided more reasons and problems facing logp than most and have predicted many of the events before they happened .

If you thing my comments are hollow I suggest you try reading back over the years and see why I have been proven correct as the shareprice has crashed over 95%.

Unlike some I don't post my position online for others and market makers to see as they can use it against you m anyone doing that clearly doesn't have a clue what they are doing . Still there seems to be a collection of idiots on here over the years thinking it will turn all the way down . Lost count how many times ceph and others have said they were averaging down only to sit on even more losses soon after . Some people never learn or listen .

Did you read my post a few weeks back warning people to sell over 2p ? Wasn't exactly hollow was it ?????? Now crawl back into your cave like the rampers

[paulo435] 30/11/2020 21:35

Given that there is expected to be some 300 million barrels of oil what exactly is it that the market did not like today? Is it (a) that confirmation of funding is still to come through (pretty sure that won’t be an issue)? (b) Govt go ahead is still required (again, why wouldn’t they) (c) that the rig won’t be in place for extracting until late 2022? (d) that LOGP need to fund a big chunk of the EDP with a repayable loan?
I assume all of above but can someone explain who knows more than I? Was this all ramped up with a clever and deliberate press leak - ie “a deal is coming out” but actually no one out there knows there’s a twist in the tale and it’s not going to be as good as they think !

[ultrasharp] 30/11/2020 21:21

LOGP was the biggest percentage faller today at 44%. PVR was the 2nd (33% fall).
Since it's 2012 high LOGP has lost 98% of it's value. Since it's 2013 high PVR has lost over 99% of it's value.
Facts!
What will happen to the LOGP and PVR sp's tomorrow? No idea.

ATB PAPILLON

[zxie] 30/11/2020 20:59

Good price?

[smcl] 30/11/2020 19:42

Hoper2- we know the risks. We all get it ‘right’ once! What does that prove.

[ultrasharp] 30/11/2020 18:32

It's an old stock market adage. "Buy on rumour, sell on fact"

[hoper2] 30/11/2020 18:28

smci - Bones has been calling this right for years. Time to give credit where credit is due.

[smcl] 30/11/2020 17:50

Bones- somebody who boasts about what they made....never really made anything.

Your posts ring a bit hollow.... I’m afraid!