Providence Resources Share Discussion Threads

[rayrac] 11/8/2017 13:31

I would think so. Otherwise we'll have a dinosaur round our neck?

[cephalosaurus] 11/8/2017 13:09

Rns either today or monday seems inevitable?

[neo26] 11/8/2017 13:07

Rayrac

the poo went to $30 at one point, it wasnt economically viable i have given them the benefit of doubt, now they have to farm it out, no questions about it...

[rayrac] 11/8/2017 12:58

You guys make it seem pvr have nothing in the bag? Barryroe doesnt look good either, otherwise it would get more attention?

[neo26] 11/8/2017 12:52

The ships surrounding the icemax are moving on, Sjoborg is due to leave cork this evening at 6pm. Edda Frende is due at Ringaskiddy on Tuesday so leaving rig on Monday.

:-(

TOR!!!!! Please resign!

[neo26] 11/8/2017 12:47

zhockey

the attention will be to get Barryroe across the line, that will be number one priority.

Southern Porcupine basin will be flop, they might be hesitant to test Avalon as a result of this.

time will tell, TOR should go!!

imho

[neo26] 11/8/2017 12:45

jam2day

but the first hour after news all t20 will be bailing out and then the share price will recover.

Still dont believe how TOR is still in charge, never have i seen such negative vibes with pending drill results ( really depressing its as if we are waiting for the in inevitable), TOR should be out talking to the media and doing presentations and hes in hiding,

Very sad, time for TOR to resign.

imho

[jam2day] 11/8/2017 12:35

low trading volumes suggest II,s holding/increasing(rns) with pi,s getting out pre result maybe Monday, relatively small volumes having overstated effect on share price
Foe me failure with the drill already priced in.

[zhockey] 11/8/2017 12:32

We don't know what Drombeg will bring but if it has no oil shows then that's a big hit for the Atlantic margin. Dunquin was a reef and if prospects are limited to reefs with suspect seal then the probability of success drops significantly.

[neo26] 11/8/2017 12:25

its frustrating, pointless selling as we are near bottom and we know the company is ok for the time being with cash and no debt thats the main thing..

The boy from Tullow will be thinking of what is plan B.

[neo26] 11/8/2017 12:17

zhockey

its like when u have a car for sale, you dont sell it for a while you put price down. Pvr and logp will have to take lesser offer..

imho

[zhockey] 11/8/2017 12:16

I would have though PVR would have gone to every length to test for the slightest oil show in order to soften then blow. So I wouldn't count on it.

[steelwatch] 11/8/2017 12:15

neo - the well will be p & a'd whatever the outcome.

[neo26] 11/8/2017 12:12

Drilling operations on the Dunquin North exploration well, situated on the northern flank of a c. 700 km2 intra-basinal ridge system, were completed in July 2013 having reached a final total depth of c. 5,000 metres MDBRT. The primary Lower Cretaceous Dunquin North target was encountered within the pre-drill depth prognosis and comprised a thick over-pressured carbonate reservoir system. The well was terminated having drilled a total thickness of c. 250 metres of massive porous carbonate reservoir. Preliminary well analysis indicated the reservoir to be water bearing, however, petrophysical log interpretation, elevated gas levels, together with oil shows in sidewall cores over the upper section of the reservoir, suggested the presence of a residual oil column.

During 2014, the Company announced the results of the post well analysis from the Dunquin North exploration well. This analysis confirmed that the prospect contained at least a c. 44 metre residual oil column in a thick, overpressured, high porosity carbonate reservoir system that was breached, with pre-breach oil STOIIP volumetrics of c. 1.2 BBOE, and with a current residual oil STOIIP of c. 600 MMBO.

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

Sounds very similar to what can happen here?

[neo26] 11/8/2017 12:10

steelwatch

is the inevitable about to happen? Another duster.

[steelwatch] 11/8/2017 12:07

All 3 PSVs due back Aberdeen c.1 Sept. Skandi Flora rehired immediately to Statoil. Allowing for abandonment, won't be long now.

[tsmith2] 11/8/2017 12:02

Pageant will force issue with ToR..make or break for him by NO means for the company..huge upside. Very attractive risk/reward play here.

[rayrac] 11/8/2017 11:45

All guess work...wait and see...or not see?

[neo26] 11/8/2017 11:28

Why is TOR over confident on Barry, why has logp largest shareholder gave them a loan just stay over the red line?There must be degree of confidence to get deal through...

[zhockey] 11/8/2017 11:25

Neo,

There are some like Buffy and Jimmy on iii who feel Barryroe could be worthless.

[neo26] 11/8/2017 11:25

RayracThe CEO of eog was ramping at the start of pvr drilling campaign, he has gone really quiet also.I bet he is biting his nails...

[rayrac] 11/8/2017 11:19

Donald wont move this on any permanent basis. So why worry?

[neo26] 11/8/2017 11:18

Listen guys be a realist, the theory was the diablo ridge filled the druid and drombeg with oil.

Druid has been checked and the theory failed, it's full of water.

They going down on drombeg on a big gamble almost desperation by TOR. Don't forget dunquin well was overpressurized too and nothing came of that..

When the news comes next week confirming it's a duster don't be disappointed. Pvr still has massive potential.

[rayrac] 11/8/2017 11:18

Yes, I'm into europa o&g, they live in the vicinity! Could take a tumble there too if this goes titties.