Providence Resources Share Discussion Threads

[greatfull dead] 07/11/2017 15:30

I can't spell pub though!

GD

[fiachra] 07/11/2017 15:26

You can spell leprechaun!!!

[hermana3] 07/11/2017 10:11

GD,Rival MA? San Leon?

[greatfull dead] 07/11/2017 07:42

Possibly POO on the +++

[...] see article on rival m a

GLA,
GD

[hermana3] 06/11/2017 19:07

Brent is sure playing its part!

[greatfull dead] 06/11/2017 16:33

Steel,

Yes. Thank you for the links to the LOGP presentation. I will have a gander after my house decorator has been later to give me a quote on 2 final rooms in my house that need repainting. Tell you more about personal my plans for 2018 at a later date. You just may be able to give me some input property wise down your way then.

Take care.

ATB,
GD

[billy_buffin] 06/11/2017 16:24

Thanks Steel

See Mr Baldy forgot to mention the doubling of the choke size from the original well test to get the magic 3000 + bopd

Brent Jan 18th LCOF8 now hovering about $63.3 up $1.26
edit just breached $64

[steelwatch] 06/11/2017 14:10

Still no sign of LOGP presentation promised last week. Only this:

[stockriser] 06/11/2017 11:32

Thanks for that GD

hxxps://www.pwc.ie/media-centre/press-release/2017/irish-oil-and-gas-sector-showing-signs-of-recovery.html

Key findings in the survey include:

The main hurdles to the development of the industry in Ireland, as noted by exploration and production companies, were a lack of commercial discoveries (59%), the negative impact of the developments at Corrib (41%), more attractive investment opportunities elsewhere (44%) and the regulatory regime (37%). There are significant linkages between commercial discoveries and costs and opportunities elsewhere, as investors will choose locations with proven track records and lower cost bases.

While the continued successful operation of the Corrib field is a good news story during the year, it is clear that the difficulties experienced during its development continue to cast a shadow over Ireland’s reputation internationally. While it would be hoped that the emphasis placed on the Corrib factor will decrease as the benefits are seen, it is clear that the damage done to Ireland’s reputation remains. On a positive note, the recent agreement by CPPIB to purchase Shell’s interest in the Corrib field could indicate that international sentiment towards Corrib has improved, though this is not yet reflected in the survey results.

A large majority (89%) of respondents are optimistic about the level of petroleum yet to be discovered in Ireland this year and is similar to last year (83%).

The vast majority (91%) of respondents felt that the oil prices would remain at current levels or increase in the next two years. A large majority felt that prices in excess of $50 per barrel is necessary to support a progressive and sustainable industry. Prices are currently in the range of $50-$55 per barrel, so even a small decline on current prices could hamper the development of the industry. The key drivers of oil and gas prices in the coming years were noted as agreements at OPEC and other international bodies, and levels of international shale petroleum production.

Other projects competing for investment and access to funding were identified as the largest challenges faced in carrying on oil and gas activities in Ireland. These factors are linked, as investors will be more willing to fund activities in locations with better prospects of success.

For future licensing rounds, the South and North Porcupine Basin were the most popular choice of location with 52% of respondents expressing an interest in each. The basin attracting the second highest vote was the North Celtic Sea at 36%. The Hatton and Donegal Basins remain the least popular with no respondents considering them for future licensing rounds.

Participants were asked what the Government could do to help the industry. It was clear that maintaining, if not enhancing, the fiscal terms was seen as the most important measure. The planning and regulatory regime also came in for particular criticism and it was noted that this was an area requiring significant overhaul to make it more efficient and streamlined. The need to promote the benefits of a successful industry was also highlighted.

MacNioclais said: “In times of economic uncertainty, it is crucial that the Government takes positive steps to encourage investment into the Irish oil and gas industry. It is clear that steps need to be taken to improve the regulatory and planning processes to fast-track developments, as these are causing companies difficulties and impacting on Ireland’s reputation internationally.R21;

53% of participating economists felt that current petroleum prices represent an opportunity for the industry in Ireland to some degree. These opportunities may arise from the potential cost savings available on exploration, although Ireland remains a relatively expensive location in which to carry on exploration activities. This result is a decrease on the prior year figure of 66%.

[greatfull dead] 06/11/2017 11:02

Taken for the EOG bb and posted there by Jusmasel99.

hxxps://www.pwc.ie/publications/2017/oil-and-gas-survey-report.pdf

ATB,
GD

[rogerlin] 06/11/2017 08:27

I hope everyone's watching the Chaikin oscillator!

[hermana3] 04/11/2017 08:15

Sean, no excuses this time from the permanently suntanned one. If he drops this ball Pat Plunkett will organise the firing squad if he refuses a fulltime pass to the beach....

[seangwhite] 04/11/2017 00:49

POO could actually make the suntanned one actually get a deal done. His efforts over the years have proved a waste of time and sadly at considerable cost to the poor old shareholders.

[stockriser] 03/11/2017 23:29

Fk me Steelwatch - I thought you were talking about me then lol i.e. "old but relevant."

[steelwatch] 03/11/2017 18:37

Old, but relevant:

[steelwatch] 03/11/2017 17:44

herm - could be 2 x 500k was a rollover?

[hermana3] 03/11/2017 17:00

Late reported buy of 500K is what moved share price up today. Barryroe news getting closer?

[hermana3] 03/11/2017 16:48

Brent has breeched $61. Off for a pre dinner pint of amber nectar....

[hermana3] 03/11/2017 16:23

FTJ, Wouldnt be drinking at all if not!

[funtimejonny] 03/11/2017 16:11

Excellent idea! Have a jolly old hoot of a time...assume said estate agent is female?

[hermana3] 03/11/2017 15:59

FTJ,That's moderation. Lord Westmoreland has imbibed two bottles of his favourite Chianti by now. I am steering clear as meeting a rather posh young Estate Agent for dinner and jazz and dont want to be falling into me soup by 7pm....

[funtimejonny] 03/11/2017 15:45

Herm. I'm only on me second glass of Sauvignon.

[hermana3] 03/11/2017 15:36

Now just because de Donald was temporarily shut out of his rather tiresome tweet fix for a while erlier....