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[isef0001] 24/11/2017 15:33

Steel: Excerpt from Announcement 7th June

"Option Agreement with Cairn for 20% Working Interest Providence and Sosina have signed an Option Agreement (the “Option”) with Capricorn Ireland Limited (“Capricorn221;), a wholly owned subsidiary of Cairn Energy PLC (“Cairn”). Under the terms of the Option, Capricorn has the right to farm-in to a 20% working interest in LO 16/27 from Providence & Sosina. The Option can be exercised by Capricorn within 60 days of the completion (plugging and abandoning) of the upcoming 53/6-A well on Frontier Exploration Licence 2/14"
Misleading one way or another.Anyway, I can wait. Cheers.

[hermana3] 24/11/2017 15:28

Steel,ise is tucking into de old sherbet again and it is not even "triple watching hour" yet....

[steelwatch] 24/11/2017 15:10

 CAIRN OPTION ₋ Exclusive Option agreed with Capricorn, a subsidiary of Cairn Energy PLC , where Capricorn has the right to farm-in to a 20% working interest in LO 16/27 from Providence and Sosina ₋ The Option can be exercised by Capricorn within 60 business days of the completion (plugging and abandoning) of the 53/6-1 well on Frontier Exploration Licence 2/14

[isef0001] 24/11/2017 15:09

herm: Wouldn't each announcement be considered commercially sensitive information?

[hermana3] 24/11/2017 15:00

They will probably wait to update us with both announcements.

[isef0001] 24/11/2017 14:49

ftj: Well your half right. TOTAL has 60 working days but Cairn have 60 days according to the commercial update announcements. So it seems I can count but can't read. Ha Ha!

[greatfull dead] 24/11/2017 13:52

Ftj and Herm,

Thanks for putting that straight. So what's the correct date. I am finding it hard to count!!!!!

ATB,
GD

[hermana3] 24/11/2017 11:35

Another 3 weeks!

[funtimejonny] 24/11/2017 10:55

I think you got the date wrong. It's working days surely...not calendar days?

[isef0001] 24/11/2017 10:40

By my reckoning today is the last day for exercise of options by Total and Cairn. So should see an RNS on Monday either way. ( Unless I can't count and got the date wrong)

[hermana3] 24/11/2017 10:29

FTJ,Wouldnt be the worst timing either! Will have a few shillings soon when apartment sale deal finally closes. May average down....As His Lordhsip is fond of saying" would be rude not to..."

[steelwatch] 24/11/2017 10:04

herm - tis the long suffering longs inside the tent who got well and truly soaked by Jim from the outside and now he's in at pretty much all time lows.

[hermana3] 24/11/2017 09:38

1cag,He has found the light and he puts it down to serious research! Was always a bit surprised in the pervasive repitition of his previous position when multiple independent reports said he was guilty of drinking his piddle!

[1cagney] 23/11/2017 21:14

Lads. This 'new' info has been in the public domain since the end of October. So it's no data room secret. I don't foresee an RNS until much closer to the drill if at all. The only mystery here is Jimmy's conversion 24 days after the info is published. Of course I hope I'm wrong about the RNS

[hermana3] 23/11/2017 18:55

FTJ,Wee Nally is a "bon viveur" for sure. Likes his boats,cheroots,horses and fine wines a like someone else with a bit(not nearly enough) of "skin in the game" in this tiddler.

[funtimejonny] 23/11/2017 17:12

Having a well earned break no doubt.

[hermana3] 23/11/2017 14:19

FTJ,Expect this new info is being shared with interested parties and the brokers can keep their lafers up on their oak panelled desks for the time being. Bet Joe Nally&Co are lying more than a wee bit low either way after the em er drilling season of 2017....

[funtimejonny] 23/11/2017 13:17

Indeed....but if he is right about this groundbreaking new seismic and the validation it brings to Barry....then this is an auspicious moment. As somebody remarked earlier, PVR & LOGP ought to get their brokers to issue an update about this as it appears to derisk the whole project and points towards a very successful outcome at the end of the day. Time to get that Bolly back in the fridge Herm. It has probably acquired vintage status by now!

[hermana3] 23/11/2017 10:48

Ah but wee Jimmy over at III is busy weaving his particular brand of magic once again. A controversial dude for sure.......

[funtimejonny] 23/11/2017 10:27

Not many punters about today! Tis like Aberdeen on a flag day.

[hermana3] 22/11/2017 15:40

SR,Hopefully!

[srvsrv] 22/11/2017 15:34

sell of 3 - sign of a coming RNS ?

[hermana3] 22/11/2017 15:34

Steel, Cheap,shallow ready to go? The decision of whether to gather 3D seismics or not is a big one.

[steelwatch] 22/11/2017 15:27

Glad Jimmy found the light switch at last.

For any who haven't seen the Atlantic Ireland Newgrange presentation: