Thus Share Discussion Threads

[jonjonck] 30/11/2017 11:20

Good Morning gents.

[ignoble] 30/11/2017 08:07

Morning chaps
Zero degrees but the wind has gone
Looks like the day will at least be sunny
Warming trend for the next days according to the Beeb

[ignoble] 29/11/2017 21:17

Good Luck ...
Evening Chaps ... doesn't seem quite so cold tonight
Wind eased a touch

[ffp] 29/11/2017 19:41

I bought a few more TRIN today. Now a bit of a serious investment for a poor poorer farmer.

[gonzo123] 29/11/2017 18:37

And speaking of which,Betty has said she needs to go out and get some party frocks.

[jonjonck] 29/11/2017 17:30

The caricature is of Betty's sister who make the willy warmers.

[jonjonck] 29/11/2017 17:17

Actually the photos highlight all the bits I need to improve on, it looks really good until you paint and then take a picture. Hands too large, needs better knees and feet could be better. Also her boob has a line/crease above it, its hardly noticeable on model but in the picture looks bad.

[jonjonck] 29/11/2017 17:10

I have been busy being busy again today. So so busy, but here is a preview of my unfinished piece...



and.....



and she is based on this picture..not bad I say and a good likeness.



Actually she is supposed to look like Kylie, but as she does not look like our Kylie she is called Allie.

[jonjonck] 29/11/2017 12:35

..it will take 5 months to arrive! In time for summer.

[jonjonck] 29/11/2017 12:34

Just now is a waxing gibbous moon. Is this what FFP was doing last night to warm himself up -- waxing his gibbous. Had a word with Betty's sister and the sisal willy warmer is on the way.

[gonzo123] 29/11/2017 12:25

Afternoon all, FFP your W Warmer is for summer use only, speak to Kylie and i'm sure she'll whip up one in silk.I understand they are warmer.

[jonjonck] 29/11/2017 09:58

Good Morning.

Not too bad actually, 2 degrees which is better than sub zero temps I suppose....and sun is trying to show itself. I prefer it though when temp drops below zero as less moisture in the air so it actually feels warmer, compared to just a few degrees.

[ignoble] 29/11/2017 07:09

Morning Chaps
Cold down here. ... can't be too clever up your way JJ !

[ignoble] 28/11/2017 22:32

Deep Heat has a warming effect but most definitely not to be used on those sensitive parts
Make your eyes water for hours !

[jonjonck] 28/11/2017 21:55

Never mind Barry Roe, Barry Cuda is having a feast.

Evening FFP et al.
May I suggest a big dollop of Vaseline with some Evergreen in it.

[whites123] 28/11/2017 12:50

Ill Have a pint and a few hundred thousand shares in LOGP please..
Be rude to turn a potential 18 bagger down..

This was posted by Jimmy over on III
Well respected and knowledgeable Oil poster.


Jimmys Post from LOGP

Some investors may be aware that I have until recently been a long term critic of barryroe.
The reason is that in the Celtic sea below the seabed is a thick layer of hard chalk rock which causes an echo in seismic known as a multiple and traditional seismic processing techniques to remove the multiple also reduce the signal strength of deeper layers of rock by circa 95% .
For thin sand reservoirs such as barryroe it means the reservoir cannot be traced on seismic through out the field.
Because the Celtic sea was inverted by a mantle plume circa 30 million years ago this caused shallow faults known as flower faults which compartmentalised the seven heads gas field which lies at a shallow depth above barryroe . Without seismic that can directly map the reservoir potential faults cannot be seen , with the result that project finance debt would not be available to develop the field and hence no farm outs for the last five years for a field with independent reported recoverable oil of 340 m bbls in which LOGP have a 20% interest.

Readers should look at the website of seismic image processing who have a track record in solving this problem and they have done so for barryroe.The results are very impressive so read the last barryroe update from pvr.

Now LOGP have 20% of barryroe and they have no money and they need $5m to pay for a well on barryroe that will lead to its development.
Can they farm it out.
Davy stockbrokers valued an undeveloped phase 1 development of barryroe at $5.81 per bbl earlier this year. Pvr recently advised that this next well will bring 168. Million bbls into the proved c90 category. Can LOGP farm out 50% for a carry of $5 million. The well is being drilled 200 feet up dip from the last well in a field with six wells drilled to date, the well locations are at the top of the structure so ideal as production wells. Assuming an investor got half of LOGP 20% the net reserves for the investment are worth $97 m for the phase 1 reserves at $5.81 per bbl per Davy and say $1 per bbl for the follow on reserves of 172 million bbls worth $17.2 million at total of $114m for an investment $5 million.
Can they farm it out with this new seismic, very definitely .
The value to LOGP for its remaining 10% after farm out is $114 million or £0.168 per share compared to a curent share price £0.009 an 18.6 x multiple.

The chances of success for drilling 200 feet up dip in a field with six wells and new high resolution seismic are very very high. I would estimate an 80% chance of success leading to a phase 1 field development.
I have purchased LOGP shares as they represent an extra ordinary low risk high reward opportunity.

I have changed my view on barryroe because the new data requires it.

[jonjonck] 28/11/2017 10:41

Good Morning.
Also quiet on the Eastern Front.
And.... I am cold. Somebody light the log fire please while I get the frothy powered up.

[ignoble] 28/11/2017 07:42

Morning All

All quiet on the Western Front !

[ignoble] 27/11/2017 22:38

The feathers help their food go down

[ffp] 27/11/2017 22:27

No that is bread

[ffp] 27/11/2017 22:01

Did you spit the feathers out or did you use them as roughage... keeps you going ya know.. roughage does.

When I was in Canada a few years ago visiting a dairy herd, they had lorry loads of feathers delivered to put in the cows diet... strange I thought especially when they were coming from New Orleans...(look at the distance...)

The old saying, what weighs heavier a pound of feathers or a pound of lead?