Lansdowne Oil & Gas Share Discussion Threads

[sportbilly1976] 07/2/2021 10:26

Norwegian firm makes merger offer to Providence
SpotOn Energy finalised a farm-out deal with the exploration firm for the Barryroe oil and gas field last years

Providence Resources has been approached by its partner in the development of the Barryroe oil and gas field about a potential merger of the two companies, the Business Post understands.

Providence, the Irish exploration company, last year reached a farm-out deal for the Barryroe field with a consortium led by Norway’s SpotOn Energy.

The Business Post understands SpotOn has now proposed a merger between the two entities





Full article screen-grabbed in this tweet

[funtimejonny] 04/2/2021 19:49

Correct. LOGP 20% is unimpaired.

[steelwatch] 04/2/2021 15:05

Remains to be seen whether Spoton will pick up their share of the NPI burden if the deal goes through. Agree LOGP were not a party to PVR buying OUT SLE's 30%.

[sportbilly1976] 04/2/2021 14:38

So SLE get their 4.5% NPI from PVR's 80%

LOGP's 20% WI unaffected

[steelwatch] 04/2/2021 13:29

San Leon, who sold out their Barryroe stake to PVR, get a 4.5% NPI:

[sportbilly1976] 04/2/2021 13:25

From the rns on 2th November:

"Dublin and London -- November 27, 2020 - Providence Resources P.l.c.
(PVR LN, PRP ID), the Irish based Resources Company ("Providence" or the
"Company"), today provides a commercial update for Standard Exploration
Licence ("SEL") 1/11 which includes the Barryroe oil and gas field. SEL
1/11 is operated by EXOLA DAC ("EXOLA") (80%), a wholly owned subsidiary
of Providence Resources, on behalf of its partner Lansdowne Celtic Sea
Limited ("Lansdowne") (20%), collectively the "Barryroe Partners"

[a0469514] 04/2/2021 12:55

Re your 80 20 split with PVR. Correct me if I am wrong but don't San Leon have 10%?

[sportbilly1976] 04/2/2021 12:07

#PVR Irish Examiner: Oil firms happy as State protects existing drilling licences from exploration ban



@irishexaminer

[sportbilly1976] 03/2/2021 17:43

17:06 trade - 2mln in spreadbets placed through today

[sportbilly1976] 03/2/2021 15:51

gone NT on 100k now and 1.45p for amounts over

tick up coming

[sportbilly1976] 03/2/2021 15:38

1.40p resistance to go soon?

A repeat of the swift move seen last autumn when it does?

[sportbilly1976] 03/2/2021 11:09

PVR / LOGP Farm in 80:20

PVR / LOGP market caps £57mln : £11.7mln

Approx 4:1 rule should have LOGP at £14.2mln, approx 20% higher than current. Added some more this morning purely on the differential

[sportbilly1976] 01/2/2021 13:35

Had a few here...got bitten with the drop last year in PVR but considering the recovery there to virtually the pre-rns levels, there is a considerable catch-up required from LOGP.

[gunsofmarscapone] 21/1/2021 12:08

wrong board!

[daar] 21/1/2021 07:59

Interest picking up. Will be 20/30% up from here before the herd arrives

[steelwatch] 15/1/2021 10:15

daar - see the Corporate Update RNS 15 Dec.

[daar] 15/1/2021 09:57

Cash position here? Next catalyst? Anyone?

[greatfull dead] 12/1/2021 21:17

Steel,

Spoton.

ATB,
GD

[swizz] 10/1/2021 15:48

k, the 6m was a buy, it was a late movement of part of the 45m that BHC facilitated,...GL S

[kibes] 10/1/2021 11:35

On the one hand we have people selling 6 million LOGP shares at 1.0p, way below the bid price. On the other hand we have people buying Bitcoin at $39,000. It's very difficult to know how to play a market as stupid as this.

[romeoandjuliet] 08/1/2021 13:18

PVR showing us the way

[abudhabi123] 03/1/2021 16:33

SHARE TALK, shares for 2021Lansdowne Oil & Gas (LOGP): The Barryroe BondWe have another "waiting game" opportunity here at Lansdowne Oil & Gas, where the hope is the multi year story of the Barryroe oil and gas field offshore Cork, Ireland, should soon reach its denouement. Having already been kicked and punched by the slings and arrows of the Green Lobby, red tape and multiple parties being involved, shareholders in Lansdowne, as well as Providence (PVR) and San Leon Energy (SLE), are all waiting for a decent conclusion. This optimism took a dent at the end of November when the "signed farm-out agreement" turned out it was missing the bond financing requirement to get the show on the road. However, given the way that the SpotOn consortium should have deep enough pockets and / or rich enough friends to find sub £100m financing against a rising oil price, a happy end to this painfully long affair should be in sight for 2021. Given that Lansdowne shares are trading below their enterprise value and have flushed out carpet baggers in what was a very crowded trade ahead of the farm-out news, even the whiff of a bond deal should lead to a decent reaction in the stock.

[drmaccers] 01/1/2021 20:02

The warrant wall has expired. Only way is up from here. 2p in Jan with the Bonds