Providence Resources Share Discussion Threads

[filterwest] 07/8/2017 08:36

Question Guys Why did Goldman Sachs added in July? Is it for the drill results or Barryroe is a done deal.

[rogerlin] 07/8/2017 08:28

The Drombeg variety should be much richer!

[richpassi] 07/8/2017 08:27

Yeah ! Great advise you like Ray Whinstone ....Av it . The better advise would be ....don't gamble :(

[triple seven] 07/8/2017 08:24

Get your loses back, look at ukog

[richpassi] 07/8/2017 08:12

Salty or not it will certainly taste bad :(

[rogerlin] 07/8/2017 08:08

Presumably the water is salty?

[jusmasel99] 07/8/2017 06:35

Excellent neo26 - Still and Sparkling 10 Million Year Old Irish Water - and we have loads of the stuff - what more could they want.

[neo26] 06/8/2017 23:47

In the past there have been over pressure in reservoirs which have been filled with water.

[seangwhite] 06/8/2017 23:40

Fair summary Free and the silence on Barryroe from the Suntanned one is worrying. The next drill is also a gamble and if a duster I believe we should see changes in the BOD in order for PVR to carry on in a half credible fashion.VGLTA

[canigou2] 06/8/2017 22:39

A significant difference at Drombeg which catches the attention ... seismic velocity and geomechanic indicators are consistent with overpressure in the reservoir sequence. Is this significant? We will know shortly.

[njl53] 06/8/2017 22:30

rogerlin, Thank you for very informative link.

[papillon] 06/8/2017 21:51

Sensible post, freelunch.

[freelunch] 06/8/2017 20:58

Its amused me reading the posts this weekend and Friday. It just feels like bitter and twisted gamblers who think a 30% chance should have been a certainty. I think head honcho is poor but to blame him for this drill result seems bizarre. The Barryroe situation is poor and suggests bloke is inept but they are an explorer and they found evian so what. I hedged on defeat to me it was a 4/1 horse and it didnt come in simple.

[rogerlin] 06/8/2017 20:22

Old presentation from Europa but still of interest. Slide 7 the general stratigraphy of the south Porcupine, Slide 8 the "Jurassic source rock superhighway", the finding of residual oil at Dunquin surely de-risked the source rock in the south Porcupine and the model may well still be correct.

[neo26] 06/8/2017 19:58

Top 50 shareholders hold over 95% of the share capital.

That is unbelievable number, so 30M shares are available to us Pi's. Gobsmacked, the big boys wont let them go at this price..

[neo26] 06/8/2017 17:49

Druid

Two fans located c. 1,750 m BML and structurally up-dip from a potential significant fluid escape feature from the underlying pre-Cretaceous Diablo Ridge

Drombeg

Located c. 2,750 m BML and structurally up-dip from a potential significant fluid escape feature from the underlying pre-Cretaceous Diablo Ridge

===============

so with the current drill so far, tee germans and pvr were wrong with oil escaping from diablo ridge into Druid.

Whats the chances the same applies for Drombeg, imho they should have cut the losses with this drill and moved on to another prospect.

[bloomberg2] 06/8/2017 14:47

https://www.google.co.uk/amp/www.cbc.ca/amp/1.3733997

[jusmasel99] 06/8/2017 13:47

I think the most interesting quotes over the last few days came from Europa ...

"Unfortunate result but not unexpected"

"Water filled Druid suggests seal intact for Drombeg"

As other on the EOG board have pointed out I know next to nothing about Oil Exploration and the Geology behind it but from what I read the Paleocene play (Druid) hasn't come to fruition on the analagous Orphan Basin off Newfoundland yet the Cretaceous Fan play has in the Flemish Pass. Perhaps that is why the Druid result was not unexpected.

I know nothing DYOR IMHO etc etc etc .... but I will add a little teaser .. if Drombeg turns out to be Gas then it is looking good for oil in the EOG Shaw prospect.

[canigou2] 06/8/2017 13:10

Don't know what to make of the negative comments here. This is frontier exploration drilling. Chances are low / risks are high. It is completely normal. PVR are only halfway through this drill. Without the data, it is impossible to say how this effects the COS at Drombeg. It may even have increased. No traces of oil have yet been found in a proven hydrocarbon system. The oil from the extensive source rocks may have been trapped deeper... Drombeg? Do not write this off yet. Two targets are being drilled. GLA.

[neo26] 06/8/2017 12:49

popeye

for a person who doesnt hold very bitter.

[papillon] 06/8/2017 12:46

maestro1
Posts: 3,119
Premium Chat Member
Off Topic
Opinion: Strong Buy
Price: 9.625
RE: Barryrow will go ahead Today 12:42 600m shares in issue, only 15m shares traded on Friday, the share price hammering was overdone.

They just have too much exploration targets available to them, it might take some time was pvr will eventually recover.

Ignore all the doom and gloom era...

Imho

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

More lies from the lse bb's? There were over 3 times 15m shares traded on Friday. 46.4m according to M oneyAM!

[reesyheli] 06/8/2017 11:50

Not quite sure why you're threatening to ban gersemi after one post but he actually makes a lot of sense.
GKP took 18 months to go from 9p shaiken strike to 450p
During that time I lost count of the number of armchair warriors "warning" investors they didn't want to be out when "that" announcement came.

Cost a lot of people money did that

[neo26] 06/8/2017 11:39

The fall was overdone with druid failure, we live to fight another day.It's an hold now until the other assets come into action...