Providence Resources Share Discussion Threads

[hermana3] 01/8/2017 10:32

Abu, Ya have to pay a wee bit more for size and time!

[hermana3] 01/8/2017 10:29

Abu, Broker says it is done! Settlement on Aug 30.

[abudhabi123] 01/8/2017 10:26

Herm...on MSN Money, today's range given as 16.05 and 17.00 at 10:25

[ngms27] 01/8/2017 10:24

Err Control it flowed for 7 hours...

[ny boy] 01/8/2017 10:23

Patience tested for some I guess, in for the long run, eventually we will break long term resistance.

[abudhabi123] 01/8/2017 10:21

Herm...
Not showing on LSE and London Stock Exchange site.

[freelunch] 01/8/2017 09:46

Its predictable. Dave is very predictable suggests to me a few days from news still Dave likes to manipulate. Probably a sharp 1p fall to come at somepoint.

[ragewarrior] 01/8/2017 09:28

Things starting to move here finallySome nice PR from EOG for free as well.

[control1] 01/8/2017 09:02

Err Jonny, you are forgetting that UKOG has ALREADY FLOWED at HH and the oil has similar qualities to the HUR find so why wouldn't it flow at BB (same field)...?

[harrissen] 01/8/2017 09:02

Control1, A good call and a profit worth taking while it is available imo.

I think ngm27 has hit the nail on the head. Many companies get bogged down in litigation when the environmentalists start flexing their muscles and UKOG are only too well aware of this. They have already started to belittle the qualifications of the environmentalists advisors claiming they do not have the expertise to give a valid opinion on the effect on the environment - not a good start!

[edgein] 01/8/2017 09:00

Herm,

lol, I hope so! The precipice of greatness sounds a lot better than staring into the abyss! :)

Regards,
Ed.

[neo26] 01/8/2017 08:56

The rest of the industry playing close attention to this drill, druid results are imminent...

[rogerlin] 01/8/2017 08:37

The Mexican government will receive a 68.99 percent profit share from every barrel produced in the block, and as much as 80 percent when considering taxes and fees over the life of the project, Sierra said in a statement.

In Mexico the water is shallow but the tax is high.

[ngms27] 01/8/2017 08:36

Don't believe the hype around UKOG. The play is totally unproven prior to a successful EWT.Then imagine the decades it will take to get the planning permissions through in the success case.My view is that 2p could look expensive in the medium term. Definitely one to trade and not hold IMHO.

[control1] 01/8/2017 08:28

harrissen, thank for the reply. You really need to take a good look at what UKOG have discovered. I read the original discovery RNS and bought in a 2p (so very happy)..!) the discovery is real and, VERY LARGE...

[hermana3] 01/8/2017 08:22

Hugh is certainly hoping for success at Druid and even more for Drombeg!!!!

[hermana3] 01/8/2017 08:20

Ed, We are perched on the precipice of greatness!!!!

[ngms27] 01/8/2017 08:19

It's all rather hypothetical at the moment, on probability Druid will be non commercial.However we can but hope

[harrissen] 01/8/2017 08:18

We will find out soon enough what the share price will be if there is a discovery made by PVR and partners.
It is now a pointless exercise trying to guess the outcome.

Look at UKOG for instance, flying again today. Makes no sense whatsoever.

Up 800% in less than 3 months!

[edgein] 01/8/2017 08:15

Herm,

Hopefully, although time is running out for the short term punters, we should be at the business end of Druid any day now.

Jus,

PMO would have added much much more than that if they hadn't a multi-billion $ debt. PVR debt free will do more than that imo.

Regards,
Ed.

[riley9] 01/8/2017 08:09

It will not carry over because a discovery at druid goes a significant way to derisk other assets with many more billions of barrels of oil and such a discovery will re-rate the value of PVR by a significantly greater amount than the value of any druid discovery per se.

[seangwhite] 01/8/2017 07:59

JusThat valuation will not carry over to PVR as it is related to the GOM and an operator who actually can get an oil resource to production.VGLTA

[jusmasel99] 01/8/2017 06:21

Recent events at Premier Oil give an indication of the value of a discovery.

25% of a 1 Billion Barrel discovery at Zama Mexico added 15p to their share price = £75m