Providence Resources Share Discussion Threads

[hermana3] 19/9/2016 20:22

Rich,Align has changed horses and you still haven't told us the real reason why!

[richie666] 19/9/2016 20:07

Try ticking the current box and doing some research Abu. Youll find only Align is active and 1 other co dormant.

[steelwatch] 19/9/2016 19:08

Looks a bit of a dump abu..

[abudhabi123] 19/9/2016 18:39

Sorry Mr Richard Jennings, I should have said DIRECTOR and not CEO or MD. Looks like somebody is borrowing or has stolen your identity.

[richie666] 19/9/2016 17:24

ABU - I can assure you I am anything but paranoid. I have not claimed to be the CEO or MD of any other company than Align and my criticism of TOR is grounded in very solid facts and history.

[abudhabi123] 19/9/2016 16:49

Not only his first post on this board...but his post ever on ADVFN as goose18, only joined up today!!! I wonder who he is!!!!!

[abudhabi123] 19/9/2016 16:20

For sure Herm. We have got all got a hammering....but we don't all eat, drink, breathe, sleep etc, etc, TOR!!!! Let us move on and hope for the best...which will come sooner than later. You know the saying, never put money in the stock market unless you can afford to loose it.

[cephalosaurus] 19/9/2016 16:02

A vacuous troll with time on his or her hands

[stockriser] 19/9/2016 15:50

Thats an interesting first post!

[hermana3] 19/9/2016 12:14

Abu, should the men in white coats be send around for old Jennings pronto?

[greatfull dead] 19/9/2016 11:34

Herm,

Not being a party pooper, most of the time PVR seem to be land locked. a couple of long term farm-ins would not go amiss. Those may come Q1 2017!

ATB,
GD

[steelwatch] 19/9/2016 10:43

abu - tis a ramp gone wrong for he.



CLEAR DISCLOSURE – The author holds a personal position in the equity of Providence Resources.

[abudhabi123] 19/9/2016 10:35

Tees....as you are fairly new on this board maybe you are not aware that richie666 is Richard Jennings the author of the open letter which he posts on this board, and others, every few days. Tha man is paranoid. For the past few months he has not once put out a post without expressing unnatural hatred towards TOR. He claims to be the CEO and MD of several companies but finds time to blog on this board and others, several times a day. Unbelievable!!!!

[richie666] 19/9/2016 10:20

An insightful post Ceph.

[cephalosaurus] 19/9/2016 09:52

Basically the market in oil stocks hansomely rewards discoveries, but lose patience where it is clear that the company subsequently do squat about it beyond what would apppear to be be reasonable expectation. That is apart from oil price corrections. Usually, exploration companies do not fall victim to oil prive correction in the same way majors do, because they do not produce. This time was exceptional as the whole industry from top to tail was financially impacted from upstream to downstream.

[cephalosaurus] 19/9/2016 09:46

PVR is just one of many. The ones that are not recovering as quickly now, seem to be those where the directors are over remunerated, and where there is no production revenue on the radar, and the company has done nothing but placing after placing, with very tiny director share buying, knowing that for themselves they can living comfortably for 10years or more doing little more than spin. Another example of that kind of shareholder value destruction was GKP and is SLE.

All that will be forgotten if and when a promised farmout for Barryroe is concluded, because that will start to allow the market and analysts to make some realistic projections, and eventually book reserves. Druid and the other are blue sky, but still wild cat, and could be water, who knows!

[richie666] 19/9/2016 08:52

Tees, read here for your answer -
Market does not trust TOR after wiping out shareholders by 99% almost!

[tees maar khan] 19/9/2016 08:46

I understand that but it has fallen quite a bit for a company that potentially has billions of barrels of oil. The market doesn't seem to be interested in this one. POO is moving higher as well.

TMK

[cephalosaurus] 19/9/2016 08:27

Shares go up and down tees

[tees maar khan] 19/9/2016 08:14

oilbuy, I don't understand what is holding the price down? Surely, this should have been nearer to the 12p placing price? I am no expert but it looks as though it will drop more yet. 9p 8p 7p what is the floor?

TMK

[hermana3] 18/9/2016 20:32

Oil,They will be watching events unfold closely!

[oilbuy] 18/9/2016 14:21

Paps , it would be interesting to see if Irvine Energy have any interest in PVR as they have taken over Whitegate. I presume they see volume increase in the near future. Their canadian operation process 320,000 bopd.

[hermana3] 18/9/2016 13:36

COPL got a $120m carry and plenty of cash upfront in Liberia with ExxonMobil. Let us hope a good deal can be got at Druid/Drombeg.

[funtimejonny] 18/9/2016 11:28

It would be grand indeed if Druid could be farmed out on decent terms and the cash used to fund a partnership drill on Broe and/or Spanish Point. We might even end up getting back some of the hard earned money we have thrown at this.