Providence Resources Share Discussion Threads

[srvsrv] 04/8/2017 07:45

rememeber PVR earns 5m on the drill due to derisk to TOTAL and Cairn

[blueteam] 04/8/2017 07:45

perhaps the board will buy shares now! lol.

[toolsmoker] 04/8/2017 07:42

Do these guys have another drill soon or not

[ny boy] 04/8/2017 07:37

L2 showing 11-12p open

[whites123] 04/8/2017 07:34

Yes, it can "Take risks" as the drill is paid for...
And actually PVR "make cash" out of it. :-)
Its a free ride for PVR.

Armchair experts.

[stockriser] 04/8/2017 07:34

Rayrac - Drombeg is only another 1km deeper - so perhaps only another 10-12 days drilling!

[talkman2] 04/8/2017 07:34

Providence Resouces is pleased to announce a major water discovery on its Druid prospect . The water found is of national significance and will lead to Evian making more investment in water exploration offshore Ireland .

[talkman2] 04/8/2017 07:31

And PVR is in a position to take risks is it ?

[rayrac] 04/8/2017 07:31

But Drombeg is 3km deeper.

[talkman2] 04/8/2017 07:27

O'Reilly can get farm-in deals on high -risk , duff , water filled prospects but can't give Barryroe away . Go figure. The guy has proved totally incapable of closing a deal for Barryroe.

[hermana3] 04/8/2017 07:27

Well the City and many of us got it wrong again! Why the City wouldn't support Spanish Point or Barryroe drills is baffling. Hard hats on for trading today....

[cgod] 04/8/2017 07:27

Don't think we will get down that far, already priced in, with no price rise over the past few months.

[rayrac] 04/8/2017 07:25

You can always tell when its bad news. They spend the first para with a load of speak about nothing of interest. If it had been good news, the the first para would start with..We are pleased...

I dont think i would spend good money going deeper, unless there was some indication above it.

[oakville] 04/8/2017 07:24

Some you win, some you lose..difficult to get out if the MM's play it right.

[greatfull dead] 04/8/2017 07:24

I am out.

GLA,
GD

[talkman2] 04/8/2017 07:24

Still we can all wait for the Barryroe farm-in deal. Tony has been promising this for years .

[gersemi] 04/8/2017 07:23

this will get hammered and why anyone would want to place a binary bet on finding oil in almost virgin territory is beyond me..common sense and punters are but strangers in an empty room

[stockriser] 04/8/2017 07:23

Imagine selling this morning and another RNS appears late afternoon - BARRYROE DEAL SIGNED.

LOL

[harrissen] 04/8/2017 07:22

Yes, you called it right again ngms27.

[blueteam] 04/8/2017 07:20

would pick some below 10p.

[ngms27] 04/8/2017 07:20

Well I did say this was the probable outcome.So the state of the art Seismic has been proven to be wrong with Druid. There isn't a light oil filled reservoir.Now the question is what caused the failure? What price for the shares now?

[talkman2] 04/8/2017 07:18

We will definitely go sub-10p