Providence Resources Share Discussion Threads

[funtimejonny] 11/7/2016 13:27

Most likely.

[hermana3] 11/7/2016 12:24

3 days to EGM. Will Tone pull a rabbit out of the hat beforehand?

[steelwatch] 11/7/2016 10:45

Latest PAD Acreage Report and map:

[pastyman3851] 09/7/2016 21:54

Cheers Steel

[funtimejonny] 09/7/2016 12:46

Shame that the penny dropped with ONGC !

[leelane] 09/7/2016 12:27

Does anyone know when shareholder value destruction will finish here ?

Is it when PVR are bought out for 2p in a year's time ?

[greatfull dead] 09/7/2016 11:56

Steel,

That took sometime to read and digest.

ATB,
GD

[steelwatch] 08/7/2016 22:29

All in here pastyman:

[pastyman3851] 08/7/2016 20:39

Does anyone know when the new, open offer, shares are being issued?

[steelwatch] 08/7/2016 08:58

herm - too many compulsive purchases cast by the wayside. Nothing would surprise anymore.

[greatfull dead] 08/7/2016 08:37

Herm, I do hope BR is on Petronas's radar for both PVR and LOGP holders.

[hermana3] 08/7/2016 08:14

Steel,Hope Kish don't go the way of Rathlin. Wee Stewart Dalby must be sad that it has been relinquished....

[steelwatch] 07/7/2016 18:03

Petronas 50% Kish too:

[hermana3] 07/7/2016 17:24

And Petronas and Providnece know each very well from The Singleton days. Expecting them to farm into some of Providence Celtic Sea assets but not sure if Barryroe is on their radar currently.

[greatfull dead] 07/7/2016 15:25

FTJ,

I was working in Malaysia when Petronas started to get serious will the Oil companies that were operating and thriving offshore in Malaysian waters. To be frank the likes of Shell 'SSB' And Esso 'EMB' operating in Malaysia were ripping Petronas off. The Malaysian government realised this and pushed Petronas to get more qualified personnel and employ more graduates to modernise the company.

I actually worked with one Petronas Uni graduate when I worked for SSB. A clever guy and nice person.

Why Petronas have grown to the size they are today is partly to do with the Malaysian Governments input in the 80's and 90's. Petronas now have very fair production sharing agreements with the likes of Sarawak Shell Berhad, Esso Malaysia Berhad and Malaysian subsidiaries of other Major oil companies in Malaysia. Petronas are very a very shrewd lot business wise, world wide.

What goes around comes around,

ATB,
GD

[funtimejonny] 07/7/2016 12:25

Petronas seem a bit on the stingy side when it comes to deal making and strike me as very risk averse and operating on a low budget. See last year's deal with lansdowne on the midleton drill for example.

[rogerlin] 07/7/2016 08:48

"Assessed separate fast-track development options of the highly
productive C-Sand gas bearing reservoir".

If this is close enough to tie in to the existing infrastructure at Kinsale then it must surely be possible to strike a deal with Petronas and it might provide some income relatively soon. The Midleton drill didn't take long.

[hermana3] 07/7/2016 08:08

Yes out of debt with massive tax losses going forward and a portfolio worth buying too. Will be interesting to uncover identity of new shareholders....

[cgod] 07/7/2016 07:20

I would say we are very much a take over target now.

[hermana3] 06/7/2016 12:43

That sort of deal was achievable back in Dunquin days but JOS must be busy dazzling them Schlum lads n'lassies with some serious boffinry....

[steelwatch] 06/7/2016 12:25

herm - exact details of Schlum proposition not stated. 75% cost carry would be most welcome!

[hermana3] 06/7/2016 12:14

Would PVR/Schlumberger be thinking of rig sharing with Woodside and Europa for a multiwell Summer 2017 Porcupine Basin campaign? Drills at Drombeg and Druid could prove very cost effective under such an arrangement.

[greatfull dead] 06/7/2016 10:13

Steel, They are both akin to a Hot Toddy if you used boiling water. I prefer my Hot Toddy with honey.

Herm, Good question.

ATB,
GD

[hermana3] 05/7/2016 19:42

Steel, What exactly do you think Schlum are proposing?