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[ngms27] 11/8/2017 16:59

That could have been a selling spree?

[harrissen] 11/8/2017 16:57

steelwatch
11 Aug '17 - 12:07 - 50630 of 50664 0 0

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


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


I think folk are reading too much in to this post. Why would PVR still need three platform supply vessels on standby when TD will be reached long before 1st September?

[zhockey] 11/8/2017 16:50

Delayed selling?

[cephalosaurus] 11/8/2017 16:37

A last minute buying spree around a million or more at 8p - could this be a gusher?

[zhockey] 11/8/2017 16:27

Aren't the partners paying a %?

[rayrac] 11/8/2017 16:26

Between a rock and a hard place then srvsrv!

[ride daice] 11/8/2017 16:25

If the odds are increasing then that means it's becoming less likely.

[rayrac] 11/8/2017 16:25

Being cheerful keeps you going neo...spoken too the wife lately?

[srvsrv] 11/8/2017 16:24

any view on the costs of the drill. If the costs are 42m then PVR will earn the 5m as communicated. If the drill is quicker and cheaper - eg. 31-32m then PVR will earn 10m!

[rayrac] 11/8/2017 16:24

Heck! Wait that long?! Still, if we want good news?

[neo26] 11/8/2017 16:24

They estimated 38 days for druid and 24 for drombeg.If it's a duster like the odds are increasing we will hear something next week.

[ride daice] 11/8/2017 16:21

I am wondering which event will occur first. The MCAP getting below cash or the drillbit getting below Drombeg ?

[cephalosaurus] 11/8/2017 16:15

Could still be another 20 days until Drombeg results are known. If it is a duster, the rns will come quickly, just as with Druid. It seems that the longer it takes the more likely they are analysing oil shows. Hope for no news til the end of August at least.

[rogerlin] 11/8/2017 16:09

The Flora and Frende are both by the rig and don't seem to be moving on yet, Sjoborg at Cork, you would expect PSVs to go back and forth, all is still to hope for. At the rate this rig works they could fit in an appraisal drill on Barryroe before September.

[neo26] 11/8/2017 16:04

More bad news I'm guessing.. :-(

[filterwest] 11/8/2017 16:01

I got HUM. I bought it at 28p

[cashandcard] 11/8/2017 15:42

tsmith2,

Yes, I agree, pageant are not buying in because of TOR, but the assets. They will work to extract value, which likely means removal of TOR. I reckon the shareprice would rerate if they removed him. A bit like detaching a massive anchor from a small vessel - it will then start drifting along.

There are loads of lower risk smallcap oil companies out there with good assets, credible management and not far from oil production, some already producing. Taking into account marketcap and activity timelines, my favourites are sdx, aaog, i3e, angs and zen. Low caps relative to oil production, cashflow and C2/P2 assetbase.

I don't understand why folk go for high-risk make-or-break gambles like PVR. They have no production assets to fallback on in case of failure and their cashpile will again start to dwindle. Each to their own.


Cash

[papillon] 11/8/2017 15:26

sp going down. Looks like a Dromberg is a duster and that news has filtered through to those in the know!

[westmoreland lad] 11/8/2017 15:25

Filterwest -- now wishing I'd put my PVR stake into HUM. Hind sight hey :-(

[filterwest] 11/8/2017 15:07

This is the worst stock I purchased this year.

[rayrac] 11/8/2017 15:00

Play on cephalosaurus steelie! Im getting worse..like something else!

[neo26] 11/8/2017 14:45

ResourcefullyLol, it already cheap..

[steelwatch] 11/8/2017 14:41

Ray - would make a change from de albatross!

[resourceful] 11/8/2017 14:20

a duster will half the price..again

[resourceful] 11/8/2017 14:20

a duster will half the price..again