Providence Resources Share Discussion Threads

[alexios1201] 04/8/2017 07:16

Thank you Ruedolf

[eringael] 04/8/2017 07:15

Logic would say there was nothing built in to the price for Druid and that Barryroe is worth twice the mcap but I'm sure the market will markdown at least 20%, hope in wrong

[stockriser] 04/8/2017 07:15

Anyone who de-risked around the 16-19p mark will certainly be buying back in for Drombeg. Well I will anyway ;-)

[cgod] 04/8/2017 07:15

Not just for PR, but for all the firms in the invested in the area, big balls time, still could be a big winner, Holding.

[talkman2] 04/8/2017 07:15

I reckon the share price will be down at least 50%. The odds are Dromberg will be a duster as well.

[rayrac] 04/8/2017 07:14

Doesnt feel good for the lower prospect either.... unless it's tightly capped! But they continue on!

[talkman2] 04/8/2017 07:13

The great Tony delivers water . Instead of concentrating on Barryroe and a less risky play like Spanish point he gambles on high-risk frontier exploration.

[funtimejonny] 04/8/2017 07:13

Rather disappointing.

[timberwolf3] 04/8/2017 07:10

A lot of hopes now riding on Drombeg

[barnes4] 04/8/2017 07:10

A friday rns you couldnt make it up!!

[stockriser] 04/8/2017 07:08

Be interesting to see how the share price reacts to this news - not the normal duster really, especially with Drombeg just around the corner ;-)

[talkman2] 04/8/2017 07:07

Maybe they should have got Evian as a farm-in partner.so much for the state of the art seismic and technical work ! All they have found us water !

[stockriser] 04/8/2017 07:03

Well thats interesting ....

[harrissen] 04/8/2017 00:25

neo26
3 Aug '17 - 22:03 - 50074 of 50080 0 0

Ieh fan

You reading too much into the supply ships moving. It's there job to provide supplies..

Druid will most likely be duster, but pvr licenses are certainly valued more than 100m.. imho

Just in case, wouldn't want to be out over the weekend.

............................

How could you possibly know it will be a duster?

It seems to me the T20 merchants are starting to brick it as they are not going to get their expected spike to sell in to mid term.
The RNS advising that drilling had started on druid stated very clearly that the next update would be on reaching TD on Druid and that could be at least another 2 weeks ahead!

[alexios1201] 03/8/2017 23:34

Hi Ruedolf,Can you post the link to this Technical Report pleaseMany ThanksAlex

[ruedolf] 03/8/2017 23:17

1cag.. its all in the technical report...at best its a rough guide.. its one thing having a report .. its another when you start drilling ...especially in frontier locations

alex ...hxxp://www.dccae.gov.ie/documents/Appendix%20B%20Technical%20Recommendation%20Providence%20Resources%20Application%20to%20Drill%20Well%20Druid%20Drombeg%2053%206A%20Redacted.pdf

[1cagney] 03/8/2017 22:45

ruedolf you sound like a guy who might know the subject matter.

[seangwhite] 03/8/2017 22:34

IEH let's face facts TOR has had years to do a deal on Barryroe and so far has failed dismally. As a n overpaid CEO the BOD have outed him a long time ago.Let's hope he goes and soon.

[ieh fan] 03/8/2017 22:16

Probably true but it'd be the supply ships that would pick up any samples, cores etc as well no?
Barryroe should be worth twice our MCAP alone in my view. Course we would need a deal on that to give it any value whatsoever.

[ruedolf] 03/8/2017 22:15

According to the submitted technical report it will be about 32 days at the druid target ...so that's anytime up to the weekend after next ...after that they go on to drill the drombeg target.

" 3 The Proposed Drilling Operations
3.1 Overview
Details on the proposed drilling programme and characteristics of the 53/6-A well are provided in Table

Total Days on Location: Drilling to Druid target only: 32 days
Drilling to deeper Drombeg target: 61 days

After installing the conductor pipe, a full-hole well design will be drilled as detailed in Table 3.2,
consisting up to five well sections, with 20 inch, 13 ⅝ inch and 9 ⅝ inch casing / liner strings planned.
This well design allows the first target, Druid, to be drilled in 12 ¼ inch hole and the second target,
Drombeg, to be drilled in 8 ½ inch hole.

Once the 17 ½ inch section has been drilled and the 13 ⅝ inch casing run and cemented, the 12 ¼ inch
section will be drilled through the Druid reservoir. The Druid target will then be evaluated (refer to
Section 3.6) and a decision will be made to deepen the well to the Drombeg target. In this instance a
9 ⅝ inch liner will be run and an 8 ½ inch hole section drilled through the Drombeg reservoir.

[neo26] 03/8/2017 22:03

Ieh fanYou reading too much into the supply ships moving. It's there job to provide supplies..Druid will most likely be duster, but pvr licenses are certainly valued more than 100m.. imhoJust in case, wouldn't want to be out over the weekend.:-)

[ieh fan] 03/8/2017 21:55

Sjoborg hung around the ship for hours afternoon/evening and is now whizzing back to Cork.
It had only been back at the Icemax for a day or so.
Might we perhaps read anything into that?

[hermana3] 03/8/2017 21:25

Rage, Twas 23 days in the morning since last Druid RNS.

[ragewarrior] 03/8/2017 21:14

IEH FAN - 03 Aug 2017 - 19:47 - 50064 of 50069 - 145-60 day target for both prospects.How does no announcement by day 22 equate to a delay?====================Indeed from the RNS , just getting impatient. So T-23 till we hit the black stuffJust want an update to say we are x metres down and expect to meet our 45-60 day target :-)A bit of PR does not hurt as last RNS on Druid was 17 days ago.