Lansdowne Oil & Gas Share Discussion Threads

[toolpusher1] 10/12/2020 13:02

Well said P5tvr 2 A/H are thay afraid we might have some luck lots of good luck on the way only a matter of time

[p5tvr] 10/12/2020 10:44

hoper2 = CLUELESS PRAT JUST LIKE THE BIGGEST LOSER bones

[hoper2] 10/12/2020 08:34

Eventually someone will admit that it's not a commercial oil field, but not while the directors are making so much money in wages. Bones is right, breakeven at $23 is a misleading pipe dream at best.

[toolpusher1] 09/12/2020 22:52

Bones id say even when you're a sleep you love dreaming of bad things your so sad

[bones698] 09/12/2020 21:36

Yeah it's amazing how that figure has dropped from circa 100 to 23 in a decade . I'm afraid the reality of this project will be a lot higher and make it worthless wait and see I have been here o we a decade now watching it fail at every turn . Just wish the ifat lady would finally wrap it up once and for all .

[aimbagger] 09/12/2020 21:05

Breakeven at c$23 barrel... one of the cheapest development projects out there! 100% profit margin at the current oil price and it's expected to increase over the next couple of years...

[bones698] 09/12/2020 20:32

Yes the market is loving this deal so much they ranked the ap 50% and still falling lmao . You just can't help some idiots as can be seen on this BB and some of the above posts.

One of the many points you are missing is the cost to extract this oil compared to the current oil price making this venture a very risky and low profit development at best m any issues which incur more costs would make it totally unviable and that is why this won't get developed imo .

Years ago they said this field needed oil prices over $ 100 a barrel to be worth developing due to the coats and risks and whilst technology has advanced a little the field and it's risks haven't . Amazes me that some fancy accountant jiggling the figures to make it look viable now and everyone is convinced it's a winner again .

Behind help all I can say

[srvsrv] 09/12/2020 14:08

AIMBagger - yes the bond, the Norway export credit and deferred costs from the service companies in the consortium - meaning they will do the drilling and wait for the payment for this until the oil is flowing.

[aimbagger] 09/12/2020 08:28

The amount of money to be raised is peanuts in the grand scheme. Let's see where we are in 2/3 months time shall we? I bet we're back at recent highs at least with the bond finalised.

[bones698] 09/12/2020 08:19

To say it is happening before any of the funds have been raised is the usual dreamer comments I expect to see by the blind in here . The share price reaction to the deal says it all by dripping 50% since yet fills still think it's great news .

Shows had idiotic some investors are and simply can't see beyond their investment decision and the fact they have got it so badly wrong . Best answer is complete denial followed by copiuos amounts of twaddle and BS

[aimbagger] 09/12/2020 08:08

The $166M to be raised is split between the bond and the Norway Export credit facility, look it up! That's why SpotOn are involved. They are the vehicle for this and you have to have at least 30% of consortium members made up of Norwegian companies, hence AGR etc. $60-65M is to be raised for the bond, the company have several interested parties looking to take this up, the consortium members are looking to contribute also. The remainder is the from the Export Credit facility.This is happening! And LOGP's current valuation is ludicrous much like PVR's.

[toolpusher2] 09/12/2020 07:39

Terms and bones u 2 are the dimwits

[terminator101] 08/12/2020 20:50

It’s mostly the same consortium members that were involved in the last failed fund raising. Nine of them are putting in any cash, but they are happy to take a risk on getting funding out of production if someone else ponies up the dosh. That looks unlikely and even if it miraculously did happen, it really is going to be years before investors see a single penny. 18 months to get funding, another 2 years of planning, and at least 4 to 5 years go before any EPS delivers a single drop of oil.

[bones698] 08/12/2020 15:13

Exactly the market knows it's just another deal that will fail when it comes to the crunch and have dropped the price when it was announced . Finding 166m was the bit which is unlikely to happen and see get another deal end without any progress . It's such a shame dimwits like ceph can't see it .
At least the directors will keep collecting wages until they retire now though lmao

[paulo435] 07/12/2020 22:31

I’d like to know exactly what is different this time round. Looking like the price was ramped up via various means including a cleverly worded press release now it’s dropped as fast as a hookers knickers!

[bones698] 07/12/2020 17:15

Not a single post explaining why every other company that has drilled barryroe has walked everytime .
Why every farm in partner has walked away before investing in a drill
Why the field economics have dropped substantially with no reasonable explanation to try and get a partner
There's lots more over the years that ceph and others have never answered and why logp has failed miserably over the years to develop barryroe.
If they couldn't get a partner to take on the development when oil prices where over $100 a barrel I really can't see anyone taking it on with oil prices so low and the margins so poor but it seems some idiots really do wish for miracles

[romeoandjuliet] 07/12/2020 07:30

Kibes hits the nail on the headMCAP is so inviting. Once the consortiums funding is confirmed - LOGP becomes a very cheap target for someone to get a share in this huge oil field development

[aimbagger] 06/12/2020 10:38

From this weekends article: "Two sources identified Equinor, the Norwegian state-owned multinational formerly known as Statoil, and Askator, a Norwegian oil services investment company, as having a potential interest in the bond."

[cephalosaurus] 05/12/2020 11:56

Bones' you make me laugh, your rage has consumed you over the years. Me a name caller! Compare and contrast our posts...moron!

You clearly don't work in the oil industry, and even if you called the share price direction right, you are just like an analyst - clueless about the future and predictions based on the prevailing head wind.

Merry Christmas you utter Grinch misery boneheaded wierdo.

Ceph

[kibes] 04/12/2020 11:40

If a consortium are really going to develop Barryroe, why would they want a sleeping partner who is not going to put up any money or contribute in any way, but just expects to get 10% of the eventual profits? It would make sense to take them out now while their price is still cheap, the cost of buying the company can just be lost in the much larger development costs.

[cephalosaurus] 03/12/2020 09:56

Nice find AIM

[aimbagger] 03/12/2020 09:37

Currency article today:https://twitter.com/aim_bagger/status/1334430831729897472?s=21