Providence Resources Share Discussion Threads

[resourceful] 31/7/2017 14:17

if there was anything in druid surely there would be shows in the logs
the market says otherweise

[funtimejonny] 31/7/2017 14:12

But not by any of the other partners who are paying for this gig.

[1cagney] 31/7/2017 13:55

Billy, drilling through to Drombeg (regardless) has already been confirmed by PVR on several RNS's since.

[billy_buffin] 31/7/2017 13:48

.....It may also be open to the Company to deepen the proposed Druid exploration well to drill the underlying Drombeg exploration prospect, with estimated in-place un- risked prospective resources of 1.915 BBO (Pmean). The latest internal gross cost estimate for a dual objective Druid/Drombeg exploration well is gross c.US$50 million

In November 2016, Providence has signed a contract for the provision of a Harsh Environment Deepwater Mobile Drilling Unit (the “Contract”) with Stena Drillmax Ice Limited (“Stena”), a wholly owned subsidiary of Stena International S.A., for the Stena IceMAX drill-ship....

...The Contract provides for one firm well, plus an additional option, which is electable at the discretion of the JV Partners for the drilling of a second follow-on well.

[riley9] 31/7/2017 13:11

filling an order ? holding stuff back for a big customer perhaps ? what's level2 showing (I don't have it) ?

[stockriser] 31/7/2017 12:55

It was easy to buy this morning, but getting harder now. Can only manage 5k online :-0

[hermana3] 31/7/2017 12:50

Betting on a Wednesday RNS. Dave is shaking away like a good thing today but he aint paying for Stella's fur coat on my tab....

[alexios1201] 31/7/2017 12:20

ngms27,Correct, Druid prospect has two targets at ~1750m, 85m total thickness

[neo26] 31/7/2017 12:10

ngms27

if nothing comes here at the druid zone, we will still drill to the Drombeg prospect further down..

[buffythebuffoon] 31/7/2017 12:03

Some think it means an RNS is due in the next trading session.

I remain unconvinced.

Nobody asserts it has anything to do with what's in the RNS though.

Buffy

[ngms27] 31/7/2017 12:02

Wrong, there are three distinct targets in the well ;)Druid is two unconnected fans...

[currypasty] 31/7/2017 11:53

1 code.. does that mean we have hit oil ?

[ccr1958] 31/7/2017 11:51

1 code went thru at 11.30

[neo26] 31/7/2017 11:41

i smell an rns, dont forget we will drill two zones in this well.

[riley9] 31/7/2017 11:21

Nasty rash of sells there.

[buffythebuffoon] 31/7/2017 10:20

Investegate has been back for at least 30 mins now.

You can go to the source on the LSE website.

Buffy

[resourceful] 31/7/2017 09:30

this is a nonsense,no one has any idea

[lowflow] 31/7/2017 09:13

How many days of drilling is it expected to take to reach the first target?

[funtimejonny] 31/7/2017 08:53

Anyone looked at the company's own website?

[harrissen] 31/7/2017 08:48

Cheers Billy!

[billy_buffin] 31/7/2017 08:34

RNS OILY LSE?

[harrissen] 31/7/2017 08:16

The RNS system seems to be gone AWOL this morning!

No updates on Investigate or London Stock Exchange websites so far they are still showing Friday's news!

[hermana3] 31/7/2017 08:01

Good trading day on way?

[ccr1958] 31/7/2017 07:20

;)) Straws at the ready !!!

[catsick] 31/7/2017 07:11

It sounds like its a major milkshake find and they are scrambling to quickly farm out to robert wiseman dairies or dairycrest who are the major uk milkshake players, not sure if the us supermajors like buffets dairyqueen will want to farm in to such a junior ....