Providence Resources Share Discussion Threads

[thevoid] 01/1/2017 13:39

Ftj - and so say all of us. HNY

[funtimejonny] 01/1/2017 12:45

Happy New Year all here....2017 - will it go down in history as the year of the Barryroe drill? Let's hope so and the sooner the better we get some news on this front!

[stockriser] 01/1/2017 09:16

Aye and the same to you GD.

[greatfull dead] 31/12/2016 17:37

Have A Happy New Year All.

[buffythebuffoon] 31/12/2016 17:16

It's quite incredible how many Irish E&Ps have failed, and generally kept their shareholders well down the priority list when it came to disseminating information.

Buffy

[richie666] 31/12/2016 16:06

And so once again our Dear Leader disappoints -

He did not deliver the fabled Barryroe farm in before the year was out and kills our credibility as a company and reliance upon his statememts by anyone let alone his investors once again.

If there is one thing I wish for in 2017 it is TOR's exit from the company.

[thevoid] 31/12/2016 11:18

Buona fortuna to PVR and LOGP shareholders – my kindred spirits … maybe it’s our time. I do hope so.

And of course, don’t forget the Paul Ryan trilogy for your 2017 reading
Be Lucky
tv

[zhockey] 30/12/2016 22:44

Oil was $30 and going to $20! The OPEC/NoPEC deal was a pivot.

[ngms27] 30/12/2016 20:40

The fact that no ones farmed in suggests you are being too optimistic ;)

[zhockey] 30/12/2016 19:51

I think the economics of Barryroe at $50 are attractive. Where else can you find politically stable oil at $25 opex. This is low cost oil in arguably the most stable, tax efficient province in the world. I think you are being far too pessimistic.

[ngms27] 30/12/2016 18:53

It is indeed IF someone's prepared to develop it. Which they won't with $50 oil.

[zhockey] 30/12/2016 17:56

Not sure if that is the case with $25 Opex, mid caps and majors will have an increased budgets next year to replace reserves after the 2016 capex cutbacks.

Also 300 Million barrels is an awful lot of oil for a company valued at £80m and I'm not sure people really get that.

[ngms27] 30/12/2016 17:27

No one will want to develop Barryroe unless oils $70 plus hence the problem.

[zhockey] 30/12/2016 17:20

NGms,

Don't forget that PVR have 80% of 300 million barrels at Barryroe, that could be worth significantly more than your 3p. Risk is to the upside here as Barryroe is not pric d in at all.

[richie666] 30/12/2016 16:19

I wish they'd circle around us!

[steelwatch] 30/12/2016 13:23

NY - Pageant holds 7.45%

[hermana3] 30/12/2016 12:54

Would be nice to see Cairn takes their greedy eyes off Senegal for a moment and do something about preparing Spanish Point for a drill or two.

[ny boy] 30/12/2016 12:54

Irish businessman Nick Furlong’s Pageant Holdings, which now owns 4.6 per cent.

[stockriser] 30/12/2016 12:47

Herm - "Druid dont work it aint exactly the end of the World and if it does hold onto
yer hat!!!!"

---------------------
And if other positive news like Barryroe etc starts to emerge, then strap your space helmet on ;-)

[ngms27] 30/12/2016 12:46

If Druid doesn't work then you will need tin hats as the sp's likely to test 3p. On the other hand if it works then perhaps it's 150p per share.

[greatfull dead] 30/12/2016 12:45

Herm, There is still time for you to do a Geology Degree........

Have a Happy New Year All,
GD

[hermana3] 30/12/2016 12:34

NY,Instis have about 92% but many were snapped up at recent 12.5p placing price. As sage Pat said if Druid dont work it aint exactly the end of the World and if it does hold onto
yer hat!!!!

[ny boy] 30/12/2016 12:20

Bagged some of these today, whilst they are this cheap, don't the institutional investors hold 80%, @ 25p placing price, if so downside risks small?

Obviously June onwards could be a huge turning point, happy to take the risk, tucking these away for a few years.

[hermana3] 30/12/2016 12:17

GD,Would like to have done a Geology Degree with Prof Shannon and if I had I suspect would not be so optimistic about drilling prospects in general!!!