Providence Resources Share Discussion Threads

[zhockey] 13/4/2017 09:08

I think there will be one more farmout of D/D before the drill. Not expecting a BR farmout before the drill results but you never know!

[abudhabi123] 13/4/2017 09:01

Monsignor O'Reilly is predicting Wednesday 19th.
Happy Easter to All.

[timberwolf3] 13/4/2017 08:48

Or maybe Double D

[hermana3] 13/4/2017 08:27

Cep,Next one next Tuesday with luck. So long as it is about big B!

[cephalosaurus] 13/4/2017 08:05

No RNS today? I was just getting used to them.

[cgod] 13/4/2017 07:10

Lets hope we have a good day, we are stuck at this 18p.

[hermana3] 13/4/2017 06:51

CG,Who knows? Doesn't really matter as some big buyers will be appearing today or early next week.....

[cgod] 12/4/2017 21:12

That was a sell herm, bidding 18.05p at close. need to break out of the 18p range for good now.

[hermana3] 12/4/2017 19:11

Nice 263K trade reported late. Should have another decent day tomorrow as we await further news on Barryroe,Spanish Point,Celtic Sea Marginal Fields and last but not least,Druid/Drombeg. Much to play for here.

[greatfull dead] 12/4/2017 17:26

Stockriser,

Thats good to hear your family crisis is over and all is now well. Hopefully we can meet up soon if my crisis is not in fact a crisis.

ATB,
GD

[hermana3] 12/4/2017 16:21

Steel,Ciarn will manage Druid/Drombeg after Summer drills. The identity of the new holder could surprise many.

[steelwatch] 12/4/2017 16:16

herm - ENQ are the operator on the sizeable Kraken development with CNE being a minority holder. Quite capable of managing Barryroe, but, alas, was not to be.

[hermana3] 12/4/2017 16:09

Steel,A Company the size of Cairn or bigger more of a fit for such a big project. The results of the beauty contest soon as drill less than 2 months away now.

[steelwatch] 12/4/2017 15:58

herm - had hopes back in the day of ENQ for Barryroe, but way too saddled with debt for the foreseeable and only interested in production until they get their head above water.

[hermana3] 12/4/2017 15:57

From Oilman on III


Results Wednesday from Providence Resources (PVR) and a conference call with a new presentation added a bit but, as ever with financial results, there isnt much to add to current sum knowledge.

The company is cashed up from the raise and ready to drill Druid/Drombeg in June having farmed out 30% to Cairn recently. Seismic this summer on Dunquin may prove interesting and the data room is still very busy we hear but none of the old favourites such as Barryroe or Spanish Point have yet been farmed-out.

[hermana3] 12/4/2017 15:47

Faroe or Enquest way too piddling for Druid/Drombeg(Sorry Steel!). Put me down for a Supermajor. Wont drill Barryroe until partner in place imho.

[funtimejonny] 12/4/2017 15:37

Herm... I was not looking at a huge company. How about a mid sized player like Faroe or Enquest? Would get some money in the door and reduce risk. Just a throw away line and Ill bet that they are working on this one as well as other possibilities.

[hermana3] 12/4/2017 15:29

FTJ,Them huge companies wont be satisfied with a piddling 6-16 percent DruidDrombeg particularly when Cairn have the Operatorship wrapped up! 25-30% minimum for big oil.

[1cagney] 12/4/2017 15:25

Ftj get Helvick producing first to get a revenue stream established ?

[funtimejonny] 12/4/2017 15:10

Suggestion box time: I would like them to divest another 6 to 16 percent of Druid Drombeg to reduce their stake to 40 to 50 percent and use the funds to progress drilling Broe.

[stockriser] 12/4/2017 15:01

GD - been away a few days, but thanks for you thoughts re: my family crisis - All fine now m8.

GL SR

[riley9] 12/4/2017 14:49

Exactly. PVR a rather different outfit now plunkett has arrived I suspect ;)

[greatfull dead] 12/4/2017 14:47

Steel,

Actually no. It was not as stressful as I had imagined. Thought provoking yes.

Checked out the last one you recommended. Cheaper still. Thanks.

ATB,
GD