Providence Resources Share Discussion Threads

[steelwatch] 01/6/2018 08:22

Ah well, another daydream up in smoke 🤘🤢

[steelwatch] 01/6/2018 08:13

Been - there's always one!

[rogerlin] 01/6/2018 08:12

Awilco Drilling has confirmed a contract with Shell UK Limited for 1983-built semi-submersible rig WilPhoenix. The rig will undertake a decommissioning program of 18 wells, with further options for an additional eight wells. Operations are scheduled to commence on September 1
Read more at

[hermana3] 01/6/2018 06:47

Steel, There is a Prozac scoffer over at iii attempting to blacken APEC name with comparison to crooked Lars mob of a few years back. That cat needs to chill.....

[steelwatch] 01/6/2018 00:59

On reading further, maybe not owned by COSL. COSL Europe metamorphosised out of Awilco Offshore ASA. Awilco Drilling came into existance as a separate entity subsequently, but no reason why mi theory still couldn't come to pass.

[hermana3] 31/5/2018 23:41

Steel,Wouldnt that be sweet?

[steelwatch] 31/5/2018 23:28

However unlikely this may be, ya never know!

Awilco Drilling is operated as an independent company, but is, in fact owned by COSL:



Could it be that Providence/APEC fortuitously picked up WilPhoenix on the rebound just 6 weeks ahead of the farmout announcement?

[papillon] 31/5/2018 19:36

Let's hope so, srvsrv, but TOR has been over optimistic with his date forecasts before! Many times in fact!

[srvsrv] 31/5/2018 19:20

Papillon: According to a Malcy interview with Tony it should be early Q3.

[papillon] 31/5/2018 18:49

Resistance on the PVR chart @ 15p and even stronger resistance @ 18.4p. I doubt those resistance levels will be broken until the Barryroe farm out deal is closed, as announced in the farm out deal RNS, in Q3 2018. Sometime between 1st July & 30th September. I reckon September rather than July, but one never knows.

[hermana3] 31/5/2018 18:40

Things should become clearer after AGM in 2 weeks time.

[funtimejonny] 31/5/2018 14:42

Fair enough 1cag! Gone a bit quieter today

[1cagney] 31/5/2018 10:21

FTJ your theory sounds good, tho its unlikely Blackrock as they hold a total of <21m shares, and approx 27m shares were traded in large chunks over 2 days last weeek. All at exactly 12p.

[funtimejonny] 31/5/2018 07:30

I'm guessing that what has happened maybe is that some party like blackrock has divested some shares out of one of their managed funds and transferred them into another...but wtfdik!

[hermana3] 31/5/2018 06:24

1cag,Best to wait n see. 2 weeks to AGM!

[1cagney] 30/5/2018 20:43

Well that would suggest that the seller is in the process of selling a shed load of shares. That doesn't sound very positive.

[hermana3] 30/5/2018 20:31

Spot on,FTJ

[funtimejonny] 30/5/2018 19:47

Emm...no expert on this, but not until order has been fulfilled in total?

[1cagney] 30/5/2018 19:12

Herm, meaning that the buy order may be bigger than the large Trades of last week? But the seller would have to announce his holding reduction / disposal?

[hermana3] 30/5/2018 18:26

May have to wait for filling of Buy order!

[1cagney] 30/5/2018 10:03

Still no news on who the big seller was last week OR probably more important who was the big buyer. I my mind that would suggest two RNS's ?

[hermana3] 29/5/2018 18:48

Upward trend continuing on low volumes. Like that I do.....

[itsriskythat] 29/5/2018 11:46

Just keeping myself busy until the next news.

[riley9] 29/5/2018 08:20

Sp !! Bloody autocorrect !