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[steelwatch] 29/1/2018 20:31

1cag - t'would make me a very happy chappy!

[1cagney] 29/1/2018 20:00

The way things are going there may not be a Brexit!

[steelwatch] 29/1/2018 19:51

herm - read earlier Ireland is the fastest growing economy in Europe. Just hope this Brexit nonsense doesn't spoil de party!

[hermana3] 29/1/2018 19:42

Steel, The new owners must be chuffed!

[steelwatch] 29/1/2018 19:30

All OK so far GD.

Profits at Ireland’s only oil refinery reached €58 million in 2016 aided by improved prices and a boost to the value of the business, the latest figures show.

[greatfull dead] 29/1/2018 19:21

Steel,

I hope all went well this afternoon Amigo

ATB,
GD

[steelwatch] 29/1/2018 18:27

Cairn could have money to burn:

RBC Capital has upgraded its target for Cairn Energy PLC (LON:CNE) as the oiler could later this year see a long awaited windfall, when a protracted arbitration over its former Indian business comes to a close.

[funtimejonny] 29/1/2018 16:43

Might be an rns about that. It kind of knocked the stuffing out of today's session.

[eringael] 29/1/2018 15:55

Somebody offloading chunks of 250k, hope recent optimism is not just letting a few get out

[funtimejonny] 29/1/2018 15:43

I thought so too!

[1cagney] 29/1/2018 14:26

FTJ they certainly went at it last night. Twas funny.

[funtimejonny] 29/1/2018 14:20

I don't think they exactly covered themselves with glory on the H&D potential farmin. One month to go until their 2 year option expires and not a single deliverable achieved. There was a flurry of NUOG punters invaded the lse thread for PVR over the weekend Trying to make a case for them coming on board. Clutching at straws imo. A consortium of contractors will not deliver. I've seen how flawed this business model is in my own career. I've been keeping away from the board since as I don't want to get involved in a slanging match!

[1cagney] 29/1/2018 11:27

Herm. The consortium does, and recent events (including their interaction with Helvick and Dunmore) it might just stack up. And think of it.. no money changes hands until the oil leaves the ground. Now that's development motivation. Just saying it's a possibility.

[hermana3] 29/1/2018 11:26

300mbo aint marginal!

[steelwatch] 29/1/2018 11:21

The rest of mi day is messed up now, so "laters"..

[steelwatch] 29/1/2018 11:20

1cag - remain to be convinced on that. Goes way beyond "marginal" imho.

[hermana3] 29/1/2018 11:19

1cag, Do they have the dough required for such a capital intensive project as Barryroe?

[1cagney] 29/1/2018 11:10

Steel, that report is 2014 - a lot of water under the bridge since then. The offer on the table surely takes into account the appraisal well that is planned. T5's raison d'etre is based on foreign fields so I just don't get that as a possibility. Your view on MFDevCo being the suitor ?

[steelwatch] 29/1/2018 11:00

1cag - the appraisal farmout proposition was put rather succinctly way back when, though times have moved on and on. Securing capital through to first oil may require compromise and pride swallowing!

[1cagney] 29/1/2018 10:45

Ianio, there was a peeing competition on LSE between two posters. I think they broke it.

[1cagney] 29/1/2018 10:43

Bien sur Steel - but what would be the payback for them ?

[ianio5691] 29/1/2018 10:40

anyone else struggling with LSE these days...?

[steelwatch] 29/1/2018 10:38

1cag - true, but t'would more than pay for the all important appraisal well n'est ce pas?

[1cagney] 29/1/2018 10:33

Steel €30m is insignificant unless some of it was used to buy out LOGP

[1cagney] 29/1/2018 10:33

Steel €30m is insignificant unless some of it was used to buy out LOGP