Providence Resources Share Discussion Threads

[hermana3] 24/5/2018 21:50

1cag, Top dollar is what counts!

[riley9] 24/5/2018 21:34

1cag - agree, let the chequebook talk. But let me build up to 10k a pip first !

[1cagney] 24/5/2018 21:21

It's the highest bidder for me Herm. I've no international bias

[hermana3] 24/5/2018 20:21

Rog, They can join the party if they don't want Chinese bosses. Bring on the feeding frenzy I say.......

[rogerlin] 24/5/2018 19:50

But we aren't just talking about a farm out of Barryroe, but possibly a takeover of PVR by Chinese interests. What would Total and ENI feel about that?

[hermana3] 24/5/2018 18:32

Rog, Ratifying Barryroe deal is a given. Partner has money and clout.

[1cagney] 24/5/2018 09:46

Roger, that's a stretch. This will be Irelands first oil in a relatively small oilfield. There are no Irish majors to take this to production so it will have to be a foreign company. The Chinese have only farmed in to Barryroe and are as good as any if they came up with the best deal. It's the other fields that will be interesting if we're still alive to see any of them to production.

[rogerlin] 24/5/2018 08:06

If Irish govt don't want the Chinese to control Irish oil resources, perhaps they will not ratify the Barryroe farm out deal.

[hermana3] 23/5/2018 18:47

And with wee Griffiths coming to the market tomorrow with his new Irish/Carribean vehicle,Predator. Remarkeable day for our rising hope....

[ohisay] 23/5/2018 12:56

Pretty remarkable on a down day for the Sector.. and especially that volume.

[peaeff] 23/5/2018 12:27

I know at this stage it is merely speculation as to who is buying, or indeed selling, shares at the present time but I would hesitate to link it to a takeover.

I would welcome others thoughts but mine go along the lines of 'would an Irish government want the Chinese having significant control of the waters around Ireland, and whatever riches lie beneath, and what sort of political negotiations would be needed if that became a possibility'.

For instance where would the oil from Barryroe, if successful, be channelled, Ireland or elsewhere?. How many other licences held by PVR could turn out to be equal or better than Barryroe.

Maybe I'm thinking too deeply because I don't want any bids until the share price improves significantly.

regards

[srvsrv] 23/5/2018 11:03

if the forthcoming RNS regarding buying of interest in PVR is regarding the chinese then I think they could easily want to buy further PVR shares (besides the 10% warrants) = will drive the share price up

[srvsrv] 23/5/2018 10:59

PVR could be a take-over target for the chinese

[itsriskythat] 23/5/2018 10:58

Chinese base camp positioning for 2019 ascent to summit (hopefully)

[tsmith2] 23/5/2018 10:32

Massive trades just flashing up. Either someone has loaded up or overhang cleared...could really motor

[tsmith2] 23/5/2018 10:26

Nice buying. Pop coming

[srvsrv] 23/5/2018 10:17

someone is really accumulating - the chinese?

[srvsrv] 23/5/2018 10:09

Nice action today - heading for the 20p:)

[tsmith2] 23/5/2018 08:13

creeping up

[hermana3] 22/5/2018 20:47

Providence AGM on same day as wee Mc Gregor faces court action in States. Bevvies all round...

[hermana3] 22/5/2018 20:40

FTJ, Wish I could owt in the auld wallet. Tis as empty as a shorter's soul....

[funtimejonny] 22/5/2018 19:52

Time to get your auld wallet out from behind the grand piano Herm and splash out on a couple of hundred thousand of these early doors!

[hermana3] 22/5/2018 19:20

Yes nice to see 12p. Not a heck of a lot of volume either.