Providence Resources Share Discussion Threads

[zhockey] 02/11/2017 11:17

Herm the share price hasn't though!

[greatfull dead] 02/11/2017 11:10

A leprechaun perhaps!

GLA,
GD

[hermana3] 02/11/2017 11:05

FTJ,At $60 spot price the marginal fields look a bit more attractive. The income sure would be handy. The PVR boys have recovered from the traumatic drills of Summer and full of confidence for Barryroe in the short run and Spanish Point,Avalon and Newgrange in the next 2 years. The International Companies were fierce impressed with all the seismic work done in Irish Seas and the considerable support from PAD,The Universities and new Minister. Lots of people believe in the potential but as Hugh MacKay pointed out there needs to be at least a dozen drills in next 3 years. Providence is committed to Barryroe and Newgrange at this stage with no mention of anything else being drilled in the near future. Makes sense to move slowly until someone else is getting the tab.

[funtimejonny] 02/11/2017 10:55

Hmm.i would have expected an update on the phased work program by now. The agreement runs out on 28 Feb 2018.

[isef0001] 02/11/2017 10:47

FTJ. Nov2013 was original agreement with ABT ( now Marginal Field Dev' co ltd) but it wss subject to PVR and partner applying to the Gov to issue separate licenses for the two discoveries, Helvick and Dunmore. It of course also required Gov approval for the farm in itself. The farm in was also subject to a phased work programme which no doubt has been progressed to the point of the 2016 and todays announcements. I was just being a bit glib.

[funtimejonny] 02/11/2017 09:31

Are you sure? I recall an rns in March 2016.

[isef0001] 02/11/2017 08:55

Well that farm in didn't take very long. First agreed with ABT in Nov of 2013. Ha Ha!

[hermana3] 01/11/2017 20:29

GD,You are smelling the coffee there alright!
Steel, TOR and JOS were in the audience playing with their I-Phone 10's while Myles Watson and Keith Byrne traded de boards. Byrne was very confident on Newgrange and says lessons have been learnt from the 2017 drills. Says Newgrange could form part of a multiwall campaign for 2019 with other players in the industry. Huge Hugh of Europa still maintains there will be up to a dozen wells before end of decade....

[greatfull dead] 01/11/2017 17:33

Herm,


Have I jumped the gun, by assuming a drill on BR in 2018?

ATB,
GD

[steelwatch] 01/11/2017 16:27

herm - who presented/was in attendance for PVR?

[hermana3] 01/11/2017 15:58

Steel,Much to play for!

[steelwatch] 01/11/2017 15:56

Cheers herm. Still in here of course!

[hermana3] 01/11/2017 15:47

I sure did,Steel. Was very impressive too. Lots of stuff about fan analysis. Seems like PVR are going to fire ahead on Newgrange with the 2D seismics. PVR lad said to acquire 3D could cost as much as drilling it.

[steelwatch] 01/11/2017 15:32

herm - don't suppose you sat in on Serica's contribution?

[hermana3] 01/11/2017 15:28

Very upbeat mood on Day 2 of Conference. Normally glum IOOA Chairman Pat Shannon was waxing lyrical on prospects so much I thought he was going to be break out "It's a wonderful life" on song. Not invited to Industry dinner tonite....

[greatfull dead] 01/11/2017 11:04

SR,

I am in the NE, Washington near Sunderland on Friday from 2pm onwards.

ATB,
GD

[stockriser] 01/11/2017 08:57

GD,

Could be m8, as indeed I am near today, and not in NE (will be tomorrow though). Keep it brewing GD, smells bloody wonderful.

GL SR

[greatfull dead] 01/11/2017 08:52

ST,

De coffe smell could well be coming from my house if your in de North West of N England and not de in the East of N England.

ATB,
GD

[greatfull dead] 01/11/2017 08:45

Herm,

De coffee has been brewing since I had two cups wih my breakfast earlier, on my thrid one now. Yesterdays RNS IMHO was a blinder. Newgrange mentioned too. Could will be de icing on de cake come 2019/20.

ATB,
GD

[stockriser] 01/11/2017 08:45

Well for years everyone has said my other half is the double of the "Kenco Girl" (those of you old enough will remember her), so I'm a lucky bar steward in that respect - just need a bit of coffee here, and I do seem to be smelling it ;-)

[greatfull dead] 01/11/2017 08:19

Repeated post. It's de coffee!!!!

ATB,
GD

[greatfull dead] 01/11/2017 08:19

Westie,

Your welome Amigo. Not chasing rainbows now IMHO for a Barryroe drill in 2018. IMHO PVR/LOGP will drill the 2nd appraisal well on their own in 2018.....

ATB,
GD

[hermana3] 01/11/2017 08:02

Am I the only punter smelling de coffee?

H2 2018 is in the bag thanks to udder people's money!!!!

[funtimejonny] 01/11/2017 07:50

Pvr get a mention in the Indo as well in relation to 2018 drill at Barry roe