Providence Resources Share Discussion Threads

[ianio5691] 26/9/2017 09:06

Give it a rest Zhockey...
Why 1p?

Cash in bank worth more than that.

[andinvestor1] 26/9/2017 09:05

I have just cut my losses on this share. Better opportunities elsewhere. Can't see things changing in the next few months but that probably will mean the share price will now climb! Good luck holders.

[zhockey] 26/9/2017 09:04

So 1p on the cards now?

[freelunch] 26/9/2017 09:02

When do we get the moving up in 0.05s point :)

[ianio5691] 26/9/2017 08:57

If an offer were to come, it would have to be at a reasonable price - certainly above 20p, and the shareprice would immediately gap up to the offer price... It is for that reason only that I continue to hold - as I think(hope) an offer will come.

[funtimejonny] 26/9/2017 08:54

Bit of a bloodbath developing with the share price today for sure. Buyout by Tullow or Cairn would be very welcome.

[ianio5691] 26/9/2017 08:48

All we can hope for now is a buyout at 40p GD.
I'd be happy with that !

[greatfull dead] 26/9/2017 08:46

Ianio,

Fully agree about the RNS. Management hiding behind The Wall!

ATB,#GD

[ianio5691] 26/9/2017 08:44

So no info regarding the drill, no explanation of the delay - and most importantly - no confirmation of costs.

Very poor RNS

[rogerlin] 26/9/2017 08:38

Total now have 60 days to decide on their option on the now Diablo licence and Cairn have 60 days to decide on their option on Avalon. That's a long time in limbo. Without Total the Diablo is surely dead. They do have a firm farm in at Avalon, but as yet there is no commitment to drill. Nexen could be the only active player in the south Porcupine.

[funtimejonny] 26/9/2017 08:34

Leadership in the Irish Offshore is PVR'S latest company mission statement...More like "leading people up the shaggin garden path"!
I just wish that our CEO would do like the Icemax and sail off into the sunset.

[langster] 26/9/2017 08:27

No info on whether well drilled to budget or extent of cost overrun if any.

Awful lack of transparency and utter disregard towards shareholders!

New all time lows today.

[hermana3] 26/9/2017 08:23

Thank God! Dough from Total soon...

[currypasty] 26/9/2017 08:10

The drillship,
which is now off hire, departed from the Druid Drombeg well site
yesterday afternoon and is transiting back to Las Palmas, Gran Canaria


and that's the end of that

[greatfull dead] 26/9/2017 07:45

Good morning Westie,

Glad you got the email and you have noted the points. No advice intende M8 but seriously consider my email and DYOR as well as getting your broker to do so. Keep me updated please.

I will only reinvest in PVR once Barryroe is farmed out which from my recent research of the higher echolons of PVR ,IMHO opinion believe it will be farmed out. It a question of when!

Take care and ATB,
GD

[westmoreland lad] 25/9/2017 20:32

Greatfull Dead
25 Sep '17 - 07:44 - 53017 of 53043 0 0

Herm, Steel, Billy and Westie,
Check your emails. Worth reading.

Thx GD -- Good read and points noted. Not sold a stick here and recouping some
paper loses via EME and AMER as from today ( see two RNSs ) neither without risk but HEY HO.. PVR will I'm sure drill / side track Barryroe in the next 18 months
along with an share price way above 5p. Till then, best wishes to all and good hunting !

[hermana3] 25/9/2017 19:23

Rog,That'll cover TOR's massive salary for a few more years. Money for old rope as the actress said to the Bishop.

[rogerlin] 25/9/2017 17:46

Option decision in 60 days, balance of cash ($5.4m to PVR) in 3 business days from the P&A.

[rogerlin] 25/9/2017 17:35

Icemax, Frende and Sjoborg going their separate ways.

[hermana3] 25/9/2017 16:49

Ian, They have revolutionised mass air travel but need to to make a much improved effort on customer relations. O'Leary thinks his customers are stupid parsimonious suckers and he generally is right on that one....

[greatfull dead] 25/9/2017 16:30

Herm,

Cheers for that. Its already under consideration. Did you like the email I sent earlier about the 4 climbers out of their heads and needing to be resuced my Cumbrain mountian rescue chopper? Silly guys for sure.

ATB,
GD