Providence Resources Share Discussion Threads

[zhockey] 22/3/2017 17:47

I am thinking along the lines of farmee interest. Surely they have an eye on the economics.

If Cairn think 3TCF T Druid is economic them 13TCF at NG must me attractive?

[ngms27] 22/3/2017 17:38

zhockey, I wouldn't worry about that as if it comes home it's far to big for PVR.

Options would be:
Pipeline to Ireland
Pipeline to UK
Floating LNG

All mega expensive major territory with a very long term view and access to cheap capital.

[steelwatch] 22/3/2017 16:57

zh - first: catchee monkey.

[zhockey] 22/3/2017 16:01

Anyone have a view on how Newgrange gas would be brought to market?

[steelwatch] 22/3/2017 13:37

Wells to watch and cautionary note from our partner:

[funtimejonny] 22/3/2017 12:49

Which is what is delaying rescue of the stricken Coast Guard helicopter probably until Friday and the 3 crewmembers RIP

[steelwatch] 22/3/2017 12:29

Still bad weather conditions off SW Ireland:

[rogerlin] 22/3/2017 12:24

The survey is anticipated to commence on Sunday 19th February 2017 and the estimated duration is 6 days, weather permitting. The latest completion date for the survey will be the 19th March 2017.

Yes it's most odd. I am not sure they were at Druid for 6 days but perhaps enough to do what was needed. No doubt we will be told in due course. June is still some time off so no hurry.

[1cagney] 22/3/2017 12:07

Roger, looks like he's heading back to Port after a little scenic spin of the Irish South Coast.

[rogerlin] 22/3/2017 08:35

Our friend the Fugro Searcher has not gone back to Cork but is heading west, presumably back to Druid to finish whatever it started before the wind got up? Probably not much to be learned from its movements really, but they are more entertaining than those of the Icemax!

[hermana3] 22/3/2017 07:11

Current fall in spot price caused in some way as hedgers jump ship!

[thevoid] 21/3/2017 21:17

Busy day - just looked in to find 66 posts - excitement building up.

[hermana3] 21/3/2017 19:02

Zh,Doubt Cenkos going to sell such an amount at current levels. They know the fun is only beginning here....

[cephalosaurus] 21/3/2017 18:22

Could be something going on here, a very large delayed trade at logp reported today according to runwaypaul.
The survey ship might have done a sneak peak at Helvick Dunmore, but if the numbers don't match as Steel said, I wonder how far off it actually was? Seems like a tiny difference.

[zhockey] 21/3/2017 18:11

Are Cenkos offloading some of their fee to funds?

[1cagney] 21/3/2017 17:56

Fingers crossed for all

[funtimejonny] 21/3/2017 17:36

1cag...don't know m8 .hopefully get an rns on this

[timberwolf3] 21/3/2017 17:36

8.2 million delayed trade from friday just went through, they have it as a sell but i'm not so sure.

[hermana3] 21/3/2017 17:00

Steel,My money on a smaller outfit.

[steelwatch] 21/3/2017 16:54

rog - Chinese takeaway always a possibility.

[rogerlin] 21/3/2017 16:42

In July 2016, Faroe was awarded Licensing Option 16/23 (Faroe 100% and operator), in the Slyne/Erris Basin in Ireland, approximately 15 kilometres east of the producing Corrib gas field (operated by Shell), which came on-stream at the end of 2015. The Company sees considerable exploration potential in this licence option and has recently executed a farm-out agreement with Nexen. Under the terms of the farm-out agreement, upon completion which is also subject to regulatory consent, Nexen will take over operatorship of this licence and an 80% working interest (Faroe 20%) and in return will meet the full costs of the associated work programme including any acquisition of seismic data and the drilling of an exploration well.

From FPM's annual report today, Nexen a possible partner for Barryroe too?

[greatfull dead] 21/3/2017 16:41

So no conclusions as to what the vessel is going to do and where it will do it!!!!!

I really felt Newgrange was in the vessels play.

GLA,
GD

[hermana3] 21/3/2017 16:38

So all we have to look forward to is Barryroe farmout and more partners/cash for Druid/Drombeg drills in runup to mid April Financial Results and Statement.

[steelwatch] 21/3/2017 16:30

herm - on the shelf!