Providence Resources Share Discussion Threads

[hermana3] 29/10/2016 09:42

Shouldn't be a problem to get an extension for such a complex capital intensive project.

[rogerlin] 29/10/2016 09:26

"As partner sanction for 2017 drilling was not achieved by the end of April 2016, the proposed appraisal drilling programme will now not be achieved during 2017, and so Cairn has requested (on behalf of the joint venture) an extension to the term of FEL 2/04 (and the alignment of the phasing of FEL 4/08 with that of FEL 2/04) to allow drilling to take place at a later date."

This was PVR's comment a while ago, not sure if this term extension has been granted?

[hermana3] 28/10/2016 16:21

Rog,So 2018 aint a sure thing either!

[rogerlin] 28/10/2016 15:45

Cairn can't risk taking on any more at the moment. They can't get their money out of India and are heavily committed in Senegal. When their new North Sea developments come on stream they will get some income but at the moment delay suits them fine.

[hermana3] 28/10/2016 15:05

Steel,As we ride into yet another one! One wonders why there is so little enthusiasm these days here for drilling Spanish Point. Was the darling a few years back.

[steelwatch] 28/10/2016 14:15

..and we all know about wildcats here!

[stockriser] 28/10/2016 13:44

As long as it does not bite you on the ar5e ....lol

[richie666] 28/10/2016 13:41

FTJ - Oddly enough that is the description given to me on many occassions!!! ;-)

[funtimejonny] 28/10/2016 13:38

Like grabbing a tiger by the tail with this wee beauty!

[greatfull dead] 28/10/2016 09:24

AM, I would not worry about it, so little volume....

[aimmafia] 28/10/2016 08:26

Are they buys or sells this morning?

[sweatin] 27/10/2016 23:00

Anyone notice the similarity between TOR and The Young Pope?

[hermana3] 27/10/2016 20:23

Rich, Happens a lot on AIM where instis don't seem to interfere as much as they should. One thinks they insisted on an Independent Chairman here and expect they will have some say in next CEO too.

[richie666] 27/10/2016 18:36

Amen to that Talkman - TOR Jnr is the half billion dollar man - that is the magnitude of capital he has thrown up the wall re market cap decimation the last 3 years.

Truly, truly, truly amazing the institutions continue to swallow his spin.

[talkman2] 27/10/2016 17:34

It's patently obvious that ToR is incapable of concluding a deal for Barryroe .

[hermana3] 27/10/2016 17:11

Or Lord Westmoreland!

[funtimejonny] 27/10/2016 16:30

Must have been me Herm.

[hermana3] 27/10/2016 16:10

FTJ,Mr 500k in evidence too!

[aimmafia] 27/10/2016 15:57

Why can't I post anything on the main thread?

[funtimejonny] 27/10/2016 15:26

Healthy buying today at any road.

[greatfull dead] 27/10/2016 15:08

Thanks Herm, much appreciated.

[hermana3] 27/10/2016 14:17

Zh,Bet they would sign up for such a deal were it on the table! Would have to be with an outfit with a track record of doing things reasonably fast of course.

[greatfull dead] 27/10/2016 14:16

Herm,

Could you please give us a summary of next Tuesday event and what you can glean from PVR reps and possibly EOG reps?

TIA,
GD

[zhockey] 27/10/2016 14:09

IMO they should give it away and retain 20% on a free carry. May be hard to swallow but would be in the best interests of the shareholders.