- Chalk up another great success for the world’s favourite Blogger. BMD!
- I’m reposting our Sept’ article. Lansdowne are currently on a massive charge.
- The stock is now up over 85% since we first highlighted them! Up now to a stonking 39p! On nothing more than a rig moving to Barryroe! Just what they will hit when they begin drilling is the 66p question! Nudge! nudge! wink! wink!
As foretold some time ago Lansdowne Oil & Gas are now being picked up on the radar of private investors. Check the link out below.
So just what’s pushing the sp at the moment? Well the recent completion of the 3D seismic operations on its Amergin, Rosscarbery and Midleton Prospects in the North Celtic Sea, off the south coast of Ireland. (The surveys were acquired using the seismic vessel Polarcus Samur.) coupled with Sea-energy’s increased stake could be one reason. However it’s more likely that an in-depth research of the companys FULL POTENTIAL INCLUDING their Barryroe prospect is responsible. Barryroe is NOT an exploration well it is an APPRAISAL well, which has flowed UP TO 1,600 barrels a day on SEVERAL previous occasions IN THE MID 1970’S AND THE 1990’s. Esso and Marathon had the oil flowing however at the time it was deemed non-commercial/unviable DUE TO IT’S WAXY CONFIGURATION BUT TIMES AND TECHNOLOGY HAVE NOW MOVED ONWARDS AS HAS THE OIL PRICE PER BARREL. The 20% stake in Barryroe alone could be worth double or treble the current share price subject to recoverable oil.
Seismic acquired on Barryroe during June 2011 COULD ALSO prove up/increase STOIIP numbers for Barryroe there’s certainly oil down there; figures in The CPR carried out by RPS Energy for Lansdowne indicated P50 and P10 STOIIP estimates for Barryroe of 373 MMB and 893 MMBO, respectively. These figures are mouth-watering . It’s not out of the question that several hundred million barrels could be confirmed shortly! Remember Lansdowne have a small market cap and ANY increase touted from the recent seismic will have a huge impact on their SP. They are rising in tandem (at the same time) as Global concerns continue. So there’s real bullish sentiment. And don’t forget there’s off-take agreements already in place!
PS. As Foretold!