Providence Resources Share Discussion Threads

[hermana3] 05/12/2016 19:05

$60 by year end would be nice stating the obvious as resident Oracle GD is partial to stating....

[funtimejonny] 05/12/2016 17:39

Let's hope it holds or improves!

[steelwatch] 05/12/2016 17:17

Brent bar raised to $55 today...

[hermana3] 05/12/2016 17:14

GD,They made a juicy coupon on it too. Who will be the next Providence banker now Melody has been paid off?

[greatfull dead] 05/12/2016 17:00

Herm, I am wrong. Macquarie gave PVR a credit facility. Apologies.

[hermana3] 05/12/2016 16:29

GD,Are Macquarie working for PVR on farmouts? Rothschild were appointed to find a farmout partner for Barryroe circa 4 years ago but whether they are still active on the case aint exactly clear.

[greatfull dead] 05/12/2016 14:53

Herm, Who brought Macquarie on board PVR for farmout negotiations, yes the BOD with I am sure some pushing by our leader!

[hermana3] 05/12/2016 08:50

Macquarie were not a long time back The Providence "Banker" and bounded off with a shedload of interest received. They are a sharp and ruthless bunch and would be good to see them rather than shifty Shell in charge at Corrib!!!

[hermana3] 05/12/2016 08:09

Macquarie see lots of value in Corrib so all the "tight hole status" drills from Shell may well have contained owt of value as his Lordship would say....

[thevoid] 04/12/2016 20:47

steel - o/t - not sure you are interested but new paul ryan out yesterday - more time for the boards again.
tv

[steelwatch] 04/12/2016 16:57

herm - according to this, Shell only hold 45%, so are they pulling out altogether?



Vermillion 18.5% & Statoil 36.5%

[richie666] 04/12/2016 16:14

The news re Corrib is indeed v v positive for PVR re their asset value. The problem is our dear leader cannot conclude a deal. Even to save his ar$e.

[phoebusav] 04/12/2016 15:54

Sounds more like a huge company divesting a non core asset with another player more than happy to invest big time in Irish oil and gas. Very positive.

[funtimejonny] 04/12/2016 13:34

Very interesting indeed. A retreat from Ireland.

[hermana3] 04/12/2016 11:38

Piece in today's Times about Macquarie Bank buying 45% of Corrib from Shell for $1bn. Interesting if true....

[cgod] 03/12/2016 07:43

Oil price rise for third day in a row.



We will have our day, need to be in it to win it guys.

[funtimejonny] 02/12/2016 12:22

Coming to the end of another dreary week for PVR / LOGP investors with ne'er a sign
of a breakout in the SP, in spite of all the enthusiasm about Druid and talk of Broe
farmout 2016 into 2017.

[hermana3] 02/12/2016 08:09

Westie,Things were always "seat of the pants" with old Todd. Randy sod eventually turfed out of course. Can Pat P be our Todd?

[zhockey] 01/12/2016 21:40

The asset book here is pretty darn impressive, 5 Billion barrels prospective at Druid/Dromberg, 13Tcf at Newgrange, Avalon "a Druid lookalike", and then there's what 300 Million barrels each at Barryroe and Spanish Point, oh an Dunquin too, another multi Billion barrel prospect.

All this for £70M?

I know some on here are sceptical but it seems to me like the smart money are accumulating, this is a cracking story waiting to unfold. Tell me another stock with this disconnect between potential vs EV??

[westmoreland lad] 01/12/2016 20:41

You've a good memory Herm ! Was invited to the placing c 9p.
Two weeks or so after the placing came the JACK POT RNS '' we got oil ingress / oil pouring into bore hole'' Then the witch hunt started as to why place up front in the full knowledge of monster oil find. I wasn't too bothered as never sold one share under three figures, as you know.

Similar opportunities could 'well' occur here and at COPL. In it to win it or
as Clint said '' du feel lucky punk ''

[hermana3] 01/12/2016 19:35

Spot price closing at $54.25 represents quite a turnaround. The new Messiah, Donald Trump would like to take the credit for this I bet.

[hermana3] 01/12/2016 19:12

A placing after a successful drill is more likely. GKP did a placing before a drill result a few years back and I believe his Lordship(Westie) made a wee bomb on it too!

[funtimejonny] 01/12/2016 19:09

Highly optimistic my friend. Practically every oiler on the stock exchange has gone up in price today on foot of Opec agreement (apart from this old dog). Hope your optimism is bourn out!

[hermana3] 01/12/2016 19:08

Phoe,Do you think Joe Nally is Superman? lol

[phoebusav] 01/12/2016 17:47

With a strong ramp into Druid drilling I would not be surprised to see another placing at a higher price/market cap, which would result in minimal dilution for the sake of preserving a healthy cash pile and forward momentum should there be no farm out of or discovery at Druid. Another reason to expect a big surge IMO.