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[hermana3] 24/5/2017 18:53

Mid cap for Barryroe with a big un for Druid.

[spuddymadrid] 24/5/2017 18:48

Happy to inform. Lets hope we Get a Good result on the forthcomming drills. Believe Barryroe FO Will happen and Who knows with Super Majors sniffing around we May Get a Good deal

[zhockey] 24/5/2017 18:47

Some interesting new diagrams in the pack for Avalon and Newgrange. No one is is talking about those but together they could hold 15BBOE, that's almost as much as BP's reserves!

[hermana3] 24/5/2017 18:45

What other sub £100m Cap has 2 megadrills this Summer? The answer is nil and none. Fill yer boots before mob wakes up to this sleeping un....

[srvsrv] 24/5/2017 18:42

Thanks Spuddy - must said very exiting times ahead!

[spuddymadrid] 24/5/2017 18:41

Board Also confirmed all major institutions 100 % supportive and none selling stock. Board do look at Bloggers remarks and are unable to respond to erroneous comments as They are barred from doing so by LSE. This lack of a rebutal leads Many to believe negative blogs e.g. Those related to Barryroe compartmentalization. Institutions happy with Pat Plunkett and recent incorporation of McCoss.

[hermana3] 24/5/2017 18:38

Talkman,Druid/Drombeg will come in. Remember where you heard it first. Was wrong on Brexit,right on Donald and will be right on upcoming megadrills.

[steelwatch] 24/5/2017 18:09

Yes, thanks for excellent and concise report spuddy.

[billy_buffin] 24/5/2017 18:01

Many thanks Spuddy:

Compartmentalisation comments: Maybe dig at 'Jimmy24' there on ii - his bete noire

[zhockey] 24/5/2017 17:48

Thanks Spuddy!

[talkman2] 24/5/2017 17:45

They can't give Barryroe away can they . What's Plan B if the Druid drill is a duster ?

[spuddymadrid] 24/5/2017 17:43

Was not at meeting but Dad and Sister were.

After speaking to most of Board the news appears as follows:

1: Barryroe FO still hoped for with drilling next Year. Super Majors Looking at North Celtic Sea and Providence reexamining Its approach to the basin. Barryroe considerably bigger than initially believed.
2: Another FO of Druid / Drombeg very possible before Spud date. This to give us a free carry on drill for approx: 30% of The prospect.
3: Icemax very efficient. Calculated all in Cost to Providence 18m dollars before Another FO. Board very happy Cairn onboard.
4: Spud date late June. No flaring to be carrried out. Drill and once Oil discovered or not announcement to be made i.e. for Druid and thereafter for Drombeg. Total drill 45 to 60 days. Thus May Have news late July early August on Druid first.
5: Dunquin North. Contains more oil Than originally thought.
6: Dunquin South 3 d seismic to be carried out shortly.
7: Ávalon larger Than Drombeg. Another Company doing seismic survey on Ávalon. Providence do not Know why.
8: Very Big interest in Atlantic margin. Expect Majors to start drilling 2018.
9: Newgrange to be drilled possibly 2018:
10: Barryroe still considered very important and very large.
11: Company cannot comment on bloggers remarks but Comments relating to structural issues with Barryroe untrue. No compartmentalization.

[steelwatch] 24/5/2017 17:26

herm - Aught re. lesser Celtic Sea and Irish Sea assets?

[zhockey] 24/5/2017 17:26

Only pretty good?

Thanks for the insights Herm!

[hermana3] 24/5/2017 17:16

Pat Plunkett was very informed of all things Providence at AGM. Did the rounds after meeting and says when he joined PVR he thought it was all about Barryroe but now knows Barryroe only one of many World Class assets. Says Providence is a "Pretty good company" and thrilled he made the plunge.....Was instrumental in getting that impressive young man Angus Mc Coss onboard too.

[hermana3] 24/5/2017 17:05

Lots of associated gases accordingly. A farmout pre Druid drill early July would be handy. Barryroe remains TOR's main focus and he is determined to farm it out pronto. Cairn are very involved in Druid/Drombeg wells and the Senegal crew will be onboard Stena Icemax for drills. Cairn will have option of assuming Operatorship post drills.

[zhockey] 24/5/2017 16:52

What was the talk of Barryroe perhaps being bigger than we think?

[hermana3] 24/5/2017 16:51

Steel,More likely Ineos. Much chat about Avalon as regarded as similar to Druid. JOS waxed lyrical about and speculated if oil from Dunquin North could have travelled to Avalon. Farmout process underway and data room is swamped. Supermajors piling in....

[steelwatch] 24/5/2017 16:47

herm - could it have been Chrysaor?



Ineos in the game there too

[hermana3] 24/5/2017 16:38

Zh,Tone gone back to the office with JOS! Upbeat meeting with word of another close call on a Barryroe farmout end 2016. Party bought package of North Sea assets instead. Talks on Barryroe and Druid/Drombeg ongoing with a farmout pre drill not ruled out....

[zhockey] 24/5/2017 16:30

Where's Herm?

Hopefully getting our Tone drunk to spill the beans

[ngms27] 24/5/2017 15:23

Glad we got that sorted buffy.

[westmoreland lad] 24/5/2017 15:08

buffy -- the man's an honest guy ------->

ngms27
24 May '17 - 10:06 - 4789 of 4798 0 0

What a wally I've been