Providence Resources Share Discussion Threads

[funtimejonny] 12/4/2017 14:40

Buyers flooding in now! Wake up... smell the coffee!

[stockriser] 12/4/2017 14:16

Looks like I got home in time for the action - at least the bad news is out now ;-)

[buffythebuffoon] 12/4/2017 14:05

JJ,

Have a look at the time between finding oil on the Clair field and producing from it!

Buffy

[steelwatch] 12/4/2017 13:45

GD - bet you need a drink after that!

[greatfull dead] 12/4/2017 13:29

Steel,


The stress meeting is over and I am a lot wiser and happyer. Thanks for the PVR presentation link. Reads well.

ATB,
GD

[hermana3] 12/4/2017 12:50

Steel,We can expect some good reports from Job and Joe soon! Nally is certainly on a roll these days with PVR,88 and HUR finally doing him proud. His Lordship owes him a decent lunch.....

[hermana3] 12/4/2017 12:48

Steel,Some tasty names have been dancing around de data room? Lineup for Druid could rival the line up for Dunquin North drill. Amber nectar for Barryroe?

[steelwatch] 12/4/2017 12:33

herm - closed doors session with analysts this morn. Would have been nice to be a fly on the wall.

[hermana3] 12/4/2017 12:29

Steel,Thanks for the excellent presentation slide!! Once Barryroe and Druid farmouts are announced one can expect TOR back on the road spreading the message. Should do Proactive soon hopefully.

[hermana3] 12/4/2017 12:20

Steel,Precisely my point too. Value will be demonstrated in upcoming farmouts. Could be TOTALly amazing......

[steelwatch] 12/4/2017 12:07

pap - discovered oil in Barryroe and Spanish Point not priced in pending farmouts, though that could change...

Target farm outs
BARRYROE 346 MMBOE (2C REC)
DRUID & DROMBEG 5.1 BBO STOIIP (Pmean)
SPANISH POINT 337 MMBOE (2C REC)
DUNQUIN SOUTH 1.4 BBO STOIIP (Pmean)
AVALON TBC (Volume)
NEWGRANGE 9.2 BBO STOIPP or 13.6 TSCF GIIP (Pmean)

[papillon] 12/4/2017 12:04

hermana3 12 Apr '17 - 10:51 - 46286 of 46301 0 0
Pap,NY is probably a breakfast imbiber !! Will be 70p + by end of June though....

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

I very much doubt it, hermana! That would mean a Mkt Cap of at least around £600m for PVR. They wont have that kind of Mkt Cap BEFORE the well results are announced. Take a look at the HUR Mkt Cap for comparison. It's £680m and they have made a very big offshore discovery!!

For the PVR share price to be 70p+ they will need to announce a big discovery; rather like HUR.

[hermana3] 12/4/2017 12:03

Zh, We have got the mo finally here and FTSE 250 by Autumn?

[hermana3] 12/4/2017 11:59

Riley, Tis possible that Spanish Point is being discussed too. Barryroe drill in August?

[zhockey] 12/4/2017 11:58

Just look at JLP, they waited over 10 years to get a mining licence. Then one day bang, RNS!!!

[riley9] 12/4/2017 11:56

So in summary, they're drilling for 3.2billion barrels oil in the summer, and doing the pre-drill preparation for broe as we speak. And other prospects are being discussed too. What's not to like ? Already increasing holding significantly.

[funtimejonny] 12/4/2017 11:53

The indo has a small report on pvr results today. Tis rather negative. ...dwelling on the balance sheet.

[peaeff] 12/4/2017 11:30

If that is so, and I'm not arguing because I haven't a clue, TOR should not have been hyping the find to the extent he did initially, and, certainly someone on the BOD was openly denying that there were problems with departmentalisation. We know how far off the mark TOR was but 6 years is a long time to be making excuses for something that is never going to happen.

regards

[jack jebb] 12/4/2017 11:25

LOL!

OK, see you in 6 months.

[hermana3] 12/4/2017 11:25

JJ,Watch this space......

[hermana3] 12/4/2017 11:23

Richie wants revenge on TOR for a percieved slight. Wont be happy till TOR is finally gone. Poor fella will be first in the pub for a good long n' liquid lunch now that our man has been renewed! Revenge is "a season in hell" bit poor old Richie aint exactly smelling de coffee these days....

[jack jebb] 12/4/2017 11:18

Peaff

No, the oil is real, but its like discovering Mars is made of solid gold.

Very nice, but how are you going to get it? Its a geological nightmare, which is why no one has farmed in.

imo

[runwaypaul] 12/4/2017 11:14

reality is contrary to what richi'maspoiltbratkidthrowingtoysoutofpramagain665 says Tony wasn't responsible for oil dropping from 120 to 27.

what did the berk expect? a barry farmout with oil in the 3o's?