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[funtimejonny] 09/1/2017 11:09

Have had similar feedback meself GD. Thats why I've loaded up here and over at PVR partner LOGP

[greatfull dead] 09/1/2017 10:56

zhockey,

Another appraisal well on Barrryroe with a farmee may come sooner that you think based on some thoughts from a fellow PVR poster who lives in Dublin and is a bit like a ferret re PVR.

ATB,
GD

[zhockey] 09/1/2017 10:49

Topaz,

Barryroe are contingent resources which need appraisal but the oil is definitely there.

The SPB assets (10BN barrels potential) is based on seismic modelling of reservoirs. Needs an exploration well to see if oil is present and trapped.

[showme01] 09/1/2017 10:40

Lol. Cheers Westy. HNY! Our Geordie mate liked the look of this and there seems to be lots of potential good news due.Good to see you here too!

[topazfrenzy] 09/1/2017 10:33

Do people have high hopes here or is it all pie in the sky?

I hold only 10,000 and am thinking of adding but would appreciate a good little summary if anyone can be bothered! I can of course see that there is potential but are the resources for real, and of any great value in this $55 oil environment etc?

Thanks in advance.

[ny boy] 09/1/2017 10:30

Yes a strong technical breakout is possible once 18p is cleared, long way north to go yet, the action has only just started.. in a small way.

[showme01] 09/1/2017 10:15

Worked buy imo. Still hard to get a quote on any quantity

[zhockey] 09/1/2017 10:14

Or delayed from last week?

[funtimejonny] 09/1/2017 10:11

Maybe some chunky buys in the pipeline.

[zhockey] 09/1/2017 10:09

I don't think we'd be up if that were a sell.

[funtimejonny] 09/1/2017 10:06

Big old sell just went through just now

[greatfull dead] 09/1/2017 09:58

Steel you sound happy.

[funtimejonny] 09/1/2017 09:37

Beautiful chart Steel. Much gracious!

[steelwatch] 09/1/2017 09:32

GD - this cuckoo kicked all t'other eggs out pretty much.

[greatfull dead] 09/1/2017 09:28

Steel,

Any more eggs left in the basket. Like the chart Amigo.

ATB,
GD

[steelwatch] 09/1/2017 09:25

Potentially some resistance to blow through @ c.18p and thereafter @ c.35p etc., whilst the blue pill effect persists..


free stock charts from uk.advfn.com

[greatfull dead] 09/1/2017 09:11

Herm,

That is a little cheao imho amigo! That is a hell of a lot less than I anticipate if Druid comes good. The sky the limit here as far as I can make out. No rose tinted glases in my abode.

I might also have misinterpreted you you post. Are you say 20p by end of trading today or end of week trading? If so I go for the latter...

GLA,
GD

[funtimejonny] 09/1/2017 09:07

20p would do for starters all right....leading to 30p in a bit and then onwards as the year moves on and we get some more good news

[hermana3] 09/1/2017 09:00

20p will do nicely!!!!!

[ngms27] 09/1/2017 08:38

700p is La La Land for many reasons:

1) Druid is only down to spud in June, this date will inevitably slip, don't be surprised if there are no results before November 2017

2) The nearest comparable to PVR that I can see at present is HUR. Hur is currently trading at around 90p per undeveloped barrel and is just about drilling a prospect that could add upto 2 billion barrels recoverable. Some of it's barrels are worth more than PVR's because they have firm development plans.

If we allow for 300m barrels for Barryroe and around 65m (for the Condensate) at Spanish point then PVR is trading at around 27p per barrel undeveloped.

If we correlate this to HUR then potentially PVR could trade around 50p around Spud time, but I'd discount that a little for HURs nearer term production, so lets say 40p.

Moving on if Druid hits and allowing for 25% recoverable then they could have an additional 3m * 0.8 * 0.25 = 600m barrels.

Using the low case at 27p per barrel, inferring 162m or 26p per share or the high case at 90p per barrel, 540m or 89p per share

Dromberg would be another 2/3's if drilled.

So best case to me with Druid, Dromeberg full success and 90p per barrel we get 50 + 89 + 60 or approx 200p.

Therefore I conclude that without firm development plans there is no way on earth that PVR will trade at 700p.

[funtimejonny] 09/1/2017 08:30

Good start to the day all right! Would be nice to see some real biggies come in on the buy side. Would buy more me self only I'm fully invested at this stage and nowt left behind the sofa. Good luck all!

[cgod] 09/1/2017 08:25

That would be good NY Boy, strong buying first thing, no move as of yet.

[ny boy] 08/1/2017 23:10

You sound like a short term trader, try 700p end of June, patience dear boy.

[mysterioustrading94] 08/1/2017 22:23

I would like to see 17p go tomorrow and quickly onto 18p

[phoebusav] 08/1/2017 21:21

Still only on valuation of 6.9p per recoverable barrel for Druid/Drombeg drill! 50p and £300 market cap is calling.