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[feelbo2] 29/9/2016 12:31

Half Year results out today. Read the same old same old, bar new Chairman. Presentation available on PVR website.

[papillon] 29/9/2016 11:57

"Goldman Sachs Group Inc. said the deal to cut output could add as much as $10 a barrel to oil prices, though it remains skeptical along with other banks on how the accord will be implemented. Brent crude lost 2 cents to $48.67 a barrel at 7:23 a.m. in London on Thursday after surging 5.9 percent Wednesday, the most since April.
Just as Saudi Arabia agreed to pare output, the world’s most expensive oil field -- the $50 billion Kashagan in Kazakhstan -- is about to go online. The project, nearly a decade in the making, will add thousands of barrels of additional production in 2017 to an already oversupplied market.
Russia, too, has kept the pumping party going. As OPEC was meeting in Algiers, Moscow announced that the country’s output smashed a post-Soviet record in September, reaching 11.1 million barrels a day. That’s up about 400,000 barrels from August, roughly what OPEC member Ecuador produces.
Mexico, Norway and other non-OPEC countries may join Russia in pushing forward. So may U.S. shale drillers. Stephen Schork, president of consulting firm Schork Group Inc. in Villanova, Pennsylvania, said he was surprised by the OPEC decision -- and skeptical that Saudi Arabia can get other producers to cooperate.
“There will still be too much oil on the market,” Schork said."

[stockriser] 29/9/2016 10:52

Richie, what's your take on the appointment of PP?

[hermana3] 29/9/2016 10:45

Riley,Pat is 65 and merely a part timer here. Wont be as soft on or as in awe of our tone as old hillery and loyal sidekick mc carthy were in the past. No doubt instis insisted on a strong independent Chairman to counter O'Reilly dominated Board. TOR is definitely a goner if he don't deliver in next 6 months.

[stockriser] 29/9/2016 02:33

Oil rallies after Opec ministers announce output cut

Good night to wake up for a pi55 ;-)

[riley9] 28/9/2016 23:09

Tor needs to be put out to Ned pasture asap. Am wondering if new appointment, given their history, hasn't been brought in as tor's replacement come April when hopefully he gets removed. At least newbie should balance out some of the cities opinion of tor when it comes to viewing PVR as a worthy investment.

[richie666] 28/9/2016 18:11

Couldnt have said it better myself FTJ. Another month gone and another 40k euros in ol Tones pocket...
Madness squared.

[pjd2000] 28/9/2016 15:22

Here here FTJ

[hermana3] 27/9/2016 11:40

On the positive side it is hard to imagine someone as wealthy and connected as PP joining an outfit which does not offer the opportunity for dealmaking. Hope he gets involved with the farmouts as much as possible. His tenure with Tullow involved many canny deals and farmouts. Our previous Chairmen here were family appointed seat warmers only!

[keya5000] 27/9/2016 10:57

Think PVR could sign up JR Ewing and Cliff Barnes but still get f@ck all progress!

[peaeff] 27/9/2016 10:46

Morning all.

I'm sure we all wish Mr Plunkett every success in his new position and will be delighted if, during his reign, anything approaching the achievements of Tullow were reached. There is of course the possibility that he has been brought in to consider or preside over any likely deals which may be imminent.

The one worry I have about today's RNS is the comment from TOR

"as we move forward with our very exciting programme offshore
Ireland."

Familiar? Yes I'm afraid he's getting EXCITED once again. Perhaps in a thousand years time it will have status like the Jurassic and Cretaceous and so on.

regards

[hermana3] 27/9/2016 10:02

Yes Pat Plunkett has a serious reputation as a Dealmaker and knows this sector exremely well. Good to have an Independent Chairman at last.

[stockriser] 27/9/2016 07:46

That's been a regular occurrence m8 - however the news this morning that Pat Plunkett has been made Non Exec Chariman should please the city. Here's why ;-)

[riley9] 27/9/2016 07:43

Up nearly 2p prior to open according to advfn !

[hermana3] 23/9/2016 07:54

Transocean in the Courts again? Will they find a soft judge once more?

[rogerlin] 22/9/2016 19:55

Meanwhile, a dispute over the Eirik Raude drilling rig, used for the recent Falkands exploration campaign on a rig sharing contract between Premier Oil and Noble Energy, continues.

Ocean Rig's contract was terminated in February 2016, due to significant operational issues with the rig, says Rockhopper. "Ocean Rig is claiming termination fees of up to $62.9 million. The operators refute these claims, and are preparing counter-claims against Ocean Rig.

[steelwatch] 22/9/2016 18:08

herm - could see Eric the Red back again, or bro Leiv Eiriksson.

[hermana3] 22/9/2016 17:29

Rog,That ancient rustbucket Transocean supplied for Barryroe was a season in pain indeed! Get a good un for Druid/Drombeg for sure.

[rogerlin] 22/9/2016 16:11

Hope they can get a nice modern rig for the Druid. Looking at some stuff about Cairn in Senegal, they used the drillship Athena on recent drills, very effective with little downtime compared with the semi-sub used for earlier ones.

[snideremark] 21/9/2016 13:26

indeed - keep counting your losses

Just to remind you - £7.00 to £0.09 , so still >1% remaining, but not as much as 2%

[hermana3] 21/9/2016 12:14

Meanwhile back into the long grass for thee,snide!