Providence Resources Share Discussion Threads

[hermana3] 10/8/2016 15:27

And you can sleep on your share certs,GD!

[greatfull dead] 10/8/2016 14:41

Spuddy, Thanks. Showered,shaved,braced up and ready to be zapped......

[jam2day] 10/8/2016 14:15

And in chart form. Via Opec








Like

[richie666] 10/8/2016 13:51

More fuel for the fire -

[richie666] 10/8/2016 13:41

Spuddy - interesting no comment on manglement from Cenkos.

[spuddymadrid] 10/8/2016 12:29

GD: Hope your back improves

bye

[spuddymadrid] 10/8/2016 12:28

Just saw this on another board

PROVIDENCE RESOURCES (PVR LN £62.8m 10.5p Cenkos Brokership BUY) - We just had a call with CEO Tony O'Reilly following some weakness in the shares, the Exxon exit from the Dunquin licence and an activist investor piece positive on the assets but negative on management. The key points are - everything on track as outlined in prospectus: 1. Well management co to be appointed in next few weeks. 2. Rig tender result to be by end-Nov. If anything prices are looking lower than at the time of the fundraising. 3. Drilling window opens in May '17 for Druid/Drombeg. 4. Data rooms are very busy and do not reflect the usual summer slowdown in activity. 5. The '17 drilling programme is fully funded and not contingent on a deal - although the company is activeley seeking partners on the right terms. 6. Exxon Mobil's exit from the Dunquin licence was well known within the industry and had been underway for about 2 years. They were play specific on Dunquin and had no interest in Dunquin South when the seal at Dunquin proved breached. ENI remains fully committed. We have had some selling of the stock but there are no negative catalysts to drive this selling. We see any weakness as an opportunity to buy exciting assets at a very low valuation and look forward to news flow over the rest of the year. BUY.

[richie666] 10/8/2016 11:10

Well u gotta give the boy his dues. At the current bid he hasnow put the only just inked placees near 20% under water...

What a guy. What does he and his sidekick McCarthy not understand about the market not trusting him?! Truly incredible.

[thevoid] 10/8/2016 10:54

GD
Good to hear you are on the mend. Some decent share news would no doubt help the process.
tv

[richie666] 10/8/2016 09:21

Here, here GD, here here.

[greatfull dead] 10/8/2016 08:19

Thanks all for you best wishes, slept like baby last night. No pain so far this morning. Medication taken and back to bed in an hour or so.

richie666, Thank you for the excellent link to Align Research Ltd research article on PROVIDENCE RESOURCES.

I am in full agreement with you and also I am in full agreement with content of the article.

This is so true, "Corporate nepotism is all well and good in family controlled businesses but as I will illustrate shortly, when you hold next to no stake in the Company and the other Board members, in particular Lex Gamble, also have ties to TOR Senior then the latitude for nepotism I would argue is much diminished."

I could not have put that statement together better. The all points made in the article are all true.

If I were institutions that hold PVR shares be it directly or for PI in nominee accounts, call on all PI to vote for an EGM with a view to having the whole BOD of PVR removed and replaced with directors that are honest and respected businessmen/women and highly knowledgeable oil and gas industry persons ( Hugh Mackay, CEO of Europa Oil & Gas Limited comes to mind ).

They would turn the company around too making it a viable Oil & Gas EP company for the benefit of all share holders and the Republic of Ireland in general.

The Irish government to date in my honest opinion have let Ireland's electorate down for their ineptness to act on behalf of the countries "STILL" fledgling Oil and Gas Industry progress.

Current and previous Irish Governments did excellent work for Ireland's agricultural industry, which is thriving thanks partly to the EU.

ATB,
GD

[ohisay] 10/8/2016 02:09

Jaw dropping....

Director Shares Held % of Share Capital Options granted

Tony O'Reilly 500,011 0.08% 12,000,000
John O'Sullivan 226,154 0.04% 9,000,000
James McCarthy 203,300 0.03% 400,000
Lex Gamble 400,000 0.07% 400,000
Philip O'Quigley 167,531 0.03% 400,000
Phil Nolan 1,045,186 0.17% 400,000

[cephalosaurus] 10/8/2016 00:09

Hope you recover soon GD

[richie666] 09/8/2016 21:52

These "people" have no shame.

[itsriskythat] 09/8/2016 19:59

It beggars belief that there's only just been a rescue equity fund raising.

[itsriskythat] 09/8/2016 19:07

That's what we like to see ..

[abudhabi123] 09/8/2016 16:36

GD...look after yourself and a speedy recovery.

[hermana3] 09/8/2016 16:17

GD,Good to hear you are on the mend. You cant keep an old dog down....

[funtimejonny] 09/8/2016 14:12

Get well soon GD !

[blustry123] 09/8/2016 12:54

Greatfull Dead ...best wishes for a speedy recovery..

[richie666] 09/8/2016 12:07

LOLOL - U cannot make this comedy up, TOR & his band of merry men literally want putting in front a firing squad!

[steelwatch] 09/8/2016 11:43

A sign Barryroe deal in the offing?

[cgod] 09/8/2016 11:40

So our shares will be worth at least 40p by August 2017 then, share options RNS out.