Providence Resources Share Discussion Threads

[srvsrv] 15/9/2017 15:15

yes plus Cairn will pay 45% of max 42m!!

[hermana3] 15/9/2017 15:13

Received $26m from Total and $2.4m from Cairn so hopefully covered...

[srvsrv] 15/9/2017 15:08

Any with knowledge regarding the drill costs druid/drombeg. Lets say 90 days - the stena cost 185.000$ a day= 17m
What about the other 5 supply ships - what are their dayrate - 100.000$ for all of them? = 9m
Total 26m
Well below the capped 42m

Inputs?

[papillon] 15/9/2017 15:08

Looks like you have picked a winner in CERPS, offerman. The CERP chart looks excellent and poised for yet further rises.

[hermana3] 15/9/2017 15:06

Westie, Tone only ever worries about the losses us sods make! How is life in sun n sea land?

[westmoreland lad] 15/9/2017 14:59

Surely not Herm !

[hermana3] 15/9/2017 14:55

Keen on protecting their jobs? Now would that be true of our tanned Tone?

[spuddymadrid] 15/9/2017 14:53

Sounds a bit Like he is talking about Providence !!!

[spuddymadrid] 15/9/2017 14:52

Likewise on Mfdev These Are large and complex projects and giving even broad details could harm negotiations. - one project seemed days away fin being announced in December 2015, but due to AIM issues We had to restructure the Deal and since the counterparty We Are dealing with has changed, albeit for the better in that We Are now dealing with People Who Are keen to Close a Deal rather Than protect their jobs. I only give This history to ilústrate How our confidenced that a Deal can and Will be fine needs to be tempered with the reality that large and complex projects can often take longer Than expected, so i am not Going to créate a hostage to fortune By promising Deal within x weeks or months. Nothing is guaranteed in business but We Feel confident that Genuine progress is being made and look forward to being able to announce something in the comming months

[spuddymadrid] 15/9/2017 14:43

Interesting Reply from CEO of Nuoil (i.e Mfdev marginal fields) to one of his shareholders in An emsil. Can not cut and paste so I Will include just What he had to say about Mfdev

[greatfull dead] 15/9/2017 11:45

Hi Billy,

Your post #52877. I have discussed the possibility of sub sea pipeline from BR via a modified platform from existing gas platform with others to heat and pump the existing BR oil. It is feasable and ultimately would cuts of a leased FPSO which would come after more successful appraisal wells drilling on the BR field. In the mean time if a farm out of BR were to transpire the farmee, PVR and LOGP IMHO should take on the option of the idea with appraisal drills planned for the future. It would mean money coming in and "eventually and hopefully" cover the costs of new appraisal drills and an expensive leased FPSO. I am just thinking aloud, IMHO IT SHOULD seriously be worth considering by a potential farmee, PVR and LOGP!!!!!!!!

Enjoy your weekend M8 and all PVR investors. I currently am not one,
GD

[zhockey] 15/9/2017 11:05

Pageant are strong believers in BR I believe.

[offerman] 15/9/2017 10:32

Morning steelCouldn't agree more that was my point and slight worry. Because of their holdings I couldn't really imagine why else they would be increasing unless of course they had an idea that a bigger player would come and take over the company.And then my slight worry would be that if they did it themselves stopped the shareholders and then sold on to a bigger organisation.So yes a worldview would be catastrophic especially if they were to be doing this for their own gain with an agenda of selling onto a larger player at a great profit. On the face of it it's good to see them increasing their holdings as they are probably averaging down as well. As long as they are only buying with a view themselves of hoping for a takeover or the seemingly impossible Barryroe farm out.

[funtimejonny] 15/9/2017 10:05

I'm looking at the latter event as being a possible best way forward.

[hermana3] 15/9/2017 09:49

Pageant hold only 9.7% and are not known takeover artists. Will sell in market or to a takeover candidate.

[billy_buffin] 15/9/2017 09:47

Good point...

[steelwatch] 15/9/2017 09:36

Ftj - a Worldview type event would end up with delisting and PIs stuffed well and truely!

[funtimejonny] 15/9/2017 08:44

That could be a very welcome development all right. Cairn would be my preferred option....or Total.

[offerman] 15/9/2017 07:57

I.e. WV -PCI-MASSIVE ALGERIA GAS CONDENSATE FINDPagent- PVR- BR. .........?

[offerman] 15/9/2017 07:38

I wonder why pageant keep increasing holdings.......? Are they the equivalent of Worldview in PCI before , hostile and looking to force buyout or even takeout themselves as WV did. ........ I think a buyout is the way to go for a bigger player who has the clout and knowhow to progress BR then look at PVR other interests. BWTFDIK.

[hermana3] 14/9/2017 19:54

Yes it is!

[njl53] 14/9/2017 18:02

Herm - is Sept 21 an official date for the interim??

[hermana3] 14/9/2017 16:44

Jonny,Tis a slow painful business for sure. Interims in a week and the tanned one better have some good news after his recent dusters.....

[offerman] 14/9/2017 16:44

O/TRemember recently I mentioned a couple of times on here about CERP?I think they were around about 2.6 2.7 or so. Today's high was 3.5p I topped up at 3.25 late this afternoon but only with £2200 worth. But have a very healthy holding there now but nothing like the old days as I got completely obliterated by PVR MATRA GKP Etc. So I think this company might make quite a lot of the losses back. I'm not going to ramble on but take a look at the link if you are looking for an alternative investment as well.I think for once I might have actually got something right by backing this newly named company.LEO KOOT ( remember this man's name for the future, to where the company is today)The webcast below came out today. Nuff said. I will leave it up to Leo in the link to explain all.......http://webcasting.brrmedia.co.uk/broadcast/59b7fb896e25824f45f16fd2

[funtimejonny] 14/9/2017 16:31

That's a very sobering thought Steel. I hope you are wrong on that one. I'm getting on a bit meself.