Providence Resources Share Discussion Threads

[richpassi] 04/8/2017 19:39

He could do the 'we are in talks ,with a number of parties speech' to make people feel better , yeah that usually works . 5 years he has spouted that :(

[neo26] 04/8/2017 19:22

Was very disappointed with O'reilly not making a comment today, it appears some investors needed reassuring..

[neo26] 04/8/2017 19:19

The company said the main Lower Cretaceous prospect is considered to be of a similar age and depositional setting to prospects being targeted by Kosmos Energy further to the north and east in the basin. Recently, ExxonMobil encountered a residual oil column in an over-pressured carbonate reservoir at Dunquin North, confirming both oil migration and entrapment have occurred within the Lower Cretaceous zone in this part of the basin.

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Drombeg has more potential than the druid.

[talkman2] 04/8/2017 19:13

Looking forward to another "water " discovery. Our Tony knows how to deliver. Its very difficult to find water when you are drilling offshore.

[neo26] 04/8/2017 19:09

Iceman is the beast..

[neo26] 04/8/2017 19:08

Look at all these "I told you so" merchants, it's kind of funny these parasites come out and no nothing of the company..

[harrissen] 04/8/2017 19:02

The really scary bit for me is how did they get to TD 12 days before the forecast time! (38 days TD Druid - 60 days TD Drombeg!

[spuddymadrid] 04/8/2017 18:52

Full Article
hxxp://www.ogj.com/articles/print/volume-96/issue-2/in-this-issue/exploration/how-abnormal-pressures-affect-hydrocarbon-exploration-exploitation.html

[spuddymadrid] 04/8/2017 18:50

Might find This Article interesting as We move toward Drombeg
A variety of processes have been proposed for the generation of overpressure; the most commonly quoted are porosity reduction due to compactional disequilibrium or lateral stresses, and fluid expansion. In the latter case, the excess fluid associated with hydrocarbon generation is considered to be a major contributor to overpressure generation, particularly at depths greater than 12,000 ft.4
While it is probable that overpressure is the result of a number of processes, it is important to recognize the dominant mechanism. The dominant process may change both in spatial and temporal position within the basin, and it is critical to recognize which process is currently active, as this may influence the interpretation of the hydrocarbon potential of a basin.

Prospect risking
Exploration prospect risking is quantified by multiplication of the risking factors: trap, seal, hydrocarbon generation and timing, and migration. 5
In an overpressured basin there are implications for the estimation of all of these factors with the exception of the trapping mechanism.
Seal
Every overpressured system has a seal. There is always a top seal, which in overpressured terms is the transition zone.
Side seals can be present, either as a result of faults, facies variations, or diagenetic alterations. The side seal may not be recognizable from seismic sections, but is most often inferred from lateral pressure variations.
The significance of the pressure seals in abnormally pressured compartments is that stacked reservoirs may be present. Thus each pressure compartment has the potential for hydrocarbon trapping, and a number of plays may be stacked vertically on top of each other.

[talkman2] 04/8/2017 18:18

Tony already is a millionaire from the salaries he has been receiving over the last number of years . That's what you get for destroying shareholder value . 700p to 10p is mighty impressive and deserves recognition.

[ch4p_85] 04/8/2017 17:53

Can we bottle the water? Next year we be millionaires rodders!

[neo26] 04/8/2017 17:44

Free lunchIf the poo doesn't go below $40, then hopefully by the end of the year..Imho

[freelunch] 04/8/2017 17:31

Its not the 2014 is it. I sense the druid 2017 will be a favourite in a few years

[talkman2] 04/8/2017 17:30

I shall be toasting Tony tonight with a vintage bottle of Evian.

[freelunch] 04/8/2017 17:19

What year? Look its the weekend its an explorer I tend to prepare for worse case makes life easier. Its the weekend win or lose have a booze

[djderry] 04/8/2017 16:59

Easily my biggest loser in the last few years ( I lost many tens of thousands on Cattles, but that's a horse of a different colour as they say.)I bought after Barryroe, was it 12 quid a share? Then supported the fundraising.Down so much now I might as well hang on.At least I can look at the Burford Capital share price to cheer me up.

[hermana3] 04/8/2017 16:41

Richie is turning de knife on the tanned one! Revenge is a dish best served cold. Speaking of cold I am off to a dark tavern for a cold pint....Hope me broker is not hiding in the corner looking for payment....

[filterwest] 04/8/2017 16:37

Still waiting for Barryroe deal to be done. Lets hope its soon. The article is back in Feb 2017.

[hermana3] 04/8/2017 16:29

First half of game a nightmare but second half has started and plenty picking up shares today on the cheap. Hasnt fallen the 50% we all expected on "a witches tit". Drombeg drill is all to play for and today is a day to forget

[kirk 6] 04/8/2017 16:23

It is a big deal as it puts people of investing in this company in the future. Hence why it's worth shorting now

[neo26] 04/8/2017 16:19

Those dodgy Germans, always knew it was a scam.. lol

Big deal it's a duster...