Providence Resources Share Discussion Threads

[1cagney] 11/5/2018 19:47

Steel, you are once again the font of all knowledge.

[steelwatch] 11/5/2018 19:25

1cag - see outlook chart in the header above.

[1cagney] 11/5/2018 19:20

Steel. Wasn't the rule of thumb regulatory approval takes approx 9 months from application? No application yet!

[steelwatch] 11/5/2018 18:26

herm - Dunquin S. pencilled in for 2020 above. Whether that is finger in the air stuff or based on guidance from ENI remains to be seen.

[hermana3] 11/5/2018 18:17

Jeez,2019 will be massive with multiwell campaigns at Barryroe,Newgrange and Dunquin South to savour.....

[steelwatch] 11/5/2018 15:06

..or even at the same time!

[1cagney] 11/5/2018 14:18

That's a pretty decent article ... could be drilled pretty soon after the drills at Barryroe

[steelwatch] 11/5/2018 11:08

Thanks for sharing abu.

[abudhabi123] 11/5/2018 10:40

hxxp://mirabaud-ong.profundcom.net/dms/download/209761037224051_180511_PVR%20-%20Dunquin%20-%20Past%20present%20and%20future.pdf

[riley9] 11/5/2018 08:23

...but likely to be at a huge discount to share price

[rogerlin] 11/5/2018 08:07

Upon completion of the Drilling Programme, APEC will be able to subscribe for warrants over 59.2 million shares in Providence at a strike price of GBP0.12 per share (the "Warrants"). The Warrants, representing circa 9.9% of the current issued share capital of Providence...

This is effectively a placing at 12p already planned.

[hermana3] 11/5/2018 06:52

Steel,Hope is springing eternal once again here!!!

[steelwatch] 10/5/2018 20:28

SP Angel view:

Providence Resources (PVR LN – 10p) – Outlook and Cash Balance Healthy: Today’s results are important only for two elements, namely: (i) cash balances; and (ii) outlook. In both these respects, the Company is in a good place, with the Barryroe farmin secured and cash at a healthy €19.6mm. While it is inevitable that at some point in its future a further cash injection will be required, there is an increasing belief that this will be from a higher level and to support a programme that details a route to cash flow. All in all, after many moons, the Company has come back to life and has a positive outlook.

[hermana3] 10/5/2018 18:16

Slow response from market to progress here at Barryroe and Newgrange.

[hermana3] 10/5/2018 18:02

Looks like A Buy from Job and Malcy.

[steelwatch] 10/5/2018 14:44

Comment from Davy:

Providence Resources
2017 results - a year of real progress
Job Langbroek | Morning briefing | Read Important Disclosures

Operating as a pure explorer means that year-end reports for Providence tend to be review-based as the group does not actually trade oil or gas. That said, 2017 was a year of real progress with major advances in its exploration programmes offshore Ireland. This trend has continued into the current year. Providence is, and continues to be, the primary driver of exploration activity offshore Ireland. Given the recent progress on Barryroe, this does not look like changing anytime soon.

[srvsrv] 10/5/2018 14:18

Malcy very positive:) "Barryroe looks very good deal indeed" :

Providence Resources
For Providence these results really were meaningless and despite a big duster, the talents of the management to pull off farm-outs that left them carried and in the money at the year end is inspiring. This is true of the Total farm-in to LO 16/17 as is the Barryroe deal after the year end which had been awaited for some years.

The bringing in of the APEC/COSL/JIC partners to Barryroe may have been late but looks like a very good deal indeed and the asset is properly back in play as it should have been a while ago. With the drilling of three wells next year (due to the long lead time for approvals) and maybe more, plus a great wall of money to play with, the Providence team should be delighted.

There is still €19.6m in cash in the balance sheet and although most operational activity is for next year this means that much work is being done and the outlook is still very promising albeit slightly in the distance.

[stockriser] 10/5/2018 09:26

"An updated Investor Presentation will be available at providenceresources.com later today"

[funtimejonny] 10/5/2018 09:15

Don't think there is a briefing in the offing.

[itsriskythat] 10/5/2018 07:43

Have they provided a dial in number to listen to the results briefing this morning (if there is a briefing)?

[hermana3] 10/5/2018 07:10

Good upbeat report with nothing new really. Cash burn a bit bigger than expected though.

[papillon] 09/5/2018 22:57

If investors wanted to benefit from the rising price of PoO then TRIN (a producer) was the share to buy, not PVR.

[hermana3] 09/5/2018 18:35

Sr,Will be looking for mention of Celtic Sea licences.

[riley9] 09/5/2018 16:51

I'd have thought, given the recent barryroe news, is all likely to be a bit of a non event.