Providence Resources Share Discussion Threads

[zhockey] 25/5/2017 23:03

Personally I don't think there will be much of a rise pre drill results. I remember GKP went no where before their Shaikan drill success was announced, (they 10 bagged on the news).

Everyone is expecting a rise and in my experience when everyone expects something it typically doesn't happen.

[notaskanger] 25/5/2017 22:31

Peaeff
Speculation on this board re Government

[spuddymadrid] 25/5/2017 22:03

It Would be very Strange if there were no Share Price rise ahead of a drill. After all which is more potentially valuable An exploration company that drills or one that doesn't.

[eringael] 25/5/2017 21:12

Guys does anyone think we will have any rise in anticipation of drill or end of June early July spud date

[spuddymadrid] 25/5/2017 20:56

Hello Peaff. Not sure if They are waiting or not for Government go ahead for Drombeg Drill. Would not link This to Late June Spud date. Govt go ahead if awaited just a formality I Would say

[peaeff] 25/5/2017 19:16

Spud

I thought someone said that they were awaiting a government permit to drill Drombeg.?

[spuddymadrid] 25/5/2017 19:07

Hello Peaff. Don't think there is any Governmental delay. BOD Just said drill Will take place late June early July. No sign of Any worry from
Pat or TOR so I imagine late June early July is agreed date between PVR and The drill provider

[funtimejonny] 25/5/2017 18:16

Good questions Peaff

[peaeff] 25/5/2017 18:05

Thanks to all who have contributed to AGM info. I have a couple of things which Someone may be able to answer regarding any possible delay for Druid.

1) Why would the Irish government want to cause a delay in issuing permission for the Drombeg part of the drill when a positive result would be favourable to them.

2) Should that delay occur, who will be footing the bill for the Stena Icemax, at $189000 a day, whilst it is idly waiting in Las Palmas, particularly if the length of the delay cannot be ascertained.

Which leaves the questions, Has the Icemax been cleared from it's overhaul,or, is it more likely to be a further farminee negotiating.

TIA PF

[funtimejonny] 25/5/2017 17:25

It's an education in itself being on this board! Ha Ha Ha!

[zhockey] 25/5/2017 16:37

Big sells look like oil momentum funds maybe? Great news from OPEC but market selling on the rumour. Should be in the 60s by the spud date I would think.

[eringael] 25/5/2017 16:35

Must be someone happy to take those sells @ 16

[moneytree1] 25/5/2017 16:03

zzzzzzzzzzzzzzz.....................

[greatfull dead] 25/5/2017 15:57

After reading all the feedback the AGM from those lucky enough to be in Dublin yesterday morning for the AGM, I just had to top up. I now feel really positive on PVR delivering on many fronts over the next few years.

Thank you all for the excellent feedback.
GD

[greatfull dead] 25/5/2017 15:00

Herm,

Thanks for that. What makes me curious is where, when and why the compartmentalized issue came from re Barryroe? I was previously convinced it was compartmentalized until today.

ATB,
GD

[hermana3] 25/5/2017 14:44

Zh,Incoming partner would demand 25-30% and a freecarry would be just brill. TOR was at pains to say there is interest in Druid and not to rule out a farmout between now and spud date.
GD, Dr John O'Sullivan, The Providence Resources Technical Director and a very eminent Geologist says Barryroe is not compartmentalised and he knows it better than anybody else.

[greatfull dead] 25/5/2017 14:25

I did not attend the AGM. Thanks for all the excellent feedback from those that did attend.

One simple question! Who from the PVR BOD stated that Barryroe had no compartmentalization issues?

GLA,
GD

[zhockey] 25/5/2017 14:23

Early June has shifted to late June/early July.

Herm, yeah another Druid farmout leaving PVR with 30% and a free carry would be amazing. That way PVR get the upside to all of their assets if it comes in and if it doesn't they have enough cash to drill Newgrange or Barryroe appraisal.

[moneytree1] 25/5/2017 14:19

zhockey

what spud delay?

[hermana3] 25/5/2017 14:17

Zh,Think you may be right there. TOR didn't promise news yesterday but he says they are working flat on farmout deals on Avalon,Druid and of course the one and only Barryroe.

[hermana3] 25/5/2017 14:14

JOS was asked for a probability on Druid and said there was an internal one which they decided not to share with the rest of us. Will be higher than that proferred by The House of Davy....

[zhockey] 25/5/2017 14:10

No problem there, maybe the spud delay has put off some short termers.

[cgod] 25/5/2017 13:58

Lots of selling going on today, not every one shares our views guys?

[funtimejonny] 25/5/2017 12:47

Watch this space Spuddy.

[spuddymadrid] 25/5/2017 12:13

Hello Ftj. Believe they cannot buy shares now for legal reasons. Can opt though to exercise their options in August at 45 cents