Providence Resources Share Discussion Threads

[papillon] 11/7/2018 13:27

LOGP up 10.2% and PVR down 4.8% so far today. I wonder why? A very wild completely ignorant guess only, but how likely is a PVR bid for LOGP? It would make sense from the point of view of both companies. PVR would hold 50% of Barryroe after the farm out is completed and the shareholders in LOGP would still retain their interest in Barryroe if the deal was an all share offer.

A PVR takeover of LOGP makes sense to me. Of course an alternative is that the Chinese make a bid for LOGP.

Probably all wishful thinking on my part because I had a small top up in LOGP on Monday!! :-)

[srvsrv] 11/7/2018 10:54

trade of 1 share today - another RNS coming??

[dgc6] 11/7/2018 09:32

Research paper
Characteristics of pockmarks in the Norwegian Trench
Buried pockmarks and anomalies interpreted as boulders, possibly gas bubbles trapped in the substrata, were also found. The recordings bear evidence of gas or liquid migration originating from layers lying beneath the soft-clay sequence.

A large hydrocarbon gas reservoir has recently been found during exploration drilling in the immediate vicinity of the studied pockmark area. Pockmarks may be indicators of deep-lying gas or oil reservoirs and therefore prove interesting features in relation to hydrocarbon prospecting.

[jam2day] 11/7/2018 08:47

Agree 1cagney - especially pleased

"We are especially pleased with the results as we had
hoped to see some evidence of fluid seepage given the shallow nature of
the Newgrange prospect."

[funtimejonny] 11/7/2018 08:44

The iii trading platform seems to have packed up this morning. Been trying to do some buys and sells and it wont let me. This may be readon for no trades this morning in pvr?

[greyingsurfer] 11/7/2018 08:39

Signs of possible historical oil seeps seems a mixed blessing. Yes, if true, there's an oil source, but it also suggests a less than perfect seal in at least some places.

[hermana3] 11/7/2018 08:34

Market not jumping with joy yet!!!!

[hermana3] 11/7/2018 08:30

Rog.Top seal capacity has been an issue here in the recent past!!!

[rogerlin] 11/7/2018 07:58

The top seal capacity at the Newgrange prospect was considered to be a significant risk given its thin nature (c. 500 metres of overburden) and so a seal capacity analysis, which utilized offset well data, seismic velocity data and surface mapping was undertaken and this indicated that the present day top seal could potentially contain up to a c. 350 metre hydrocarbon column.

Just hope it hasn't all seeped out.

[1cagney] 11/7/2018 07:32

If JO'S is happy with pock marks, who would I be to contradict him.

[hermana3] 11/7/2018 07:04

Tone will smile reading John's words on Newgrange seismics. 2019 drill?

[seangwhite] 10/7/2018 21:54

TOR is very busy planning his usual long summer break and thinks of PVR as occasionally and then only as his cash dispenser.

[hermana3] 10/7/2018 20:34

Yes Steel confirmation would do nicely

[funtimejonny] 10/7/2018 17:49

Moi aussi steel!

[steelwatch] 10/7/2018 16:33

Ftj - rather hoping he pull a number of wily orientals across the finish line toute suite!

[funtimejonny] 10/7/2018 14:23

About time auld Tony pulled a rabbit out of the hat.SP looking in need of a refresh.

[hermana3] 07/7/2018 16:41

Abu,Speculator driven rise once again...

[hermana3] 05/7/2018 08:26

Spot price at circa $78 holding up well despite de Donald calling in favours from slippery Saudis. This level is good for the industry...

[hermana3] 05/7/2018 08:15

APEC will be the buyer of Barryroe and possibly the entire shooting match.

[itsriskythat] 05/7/2018 08:11

Boldy ties the knot with shareholder BHC. When the time comes to sell the asset, BHC want to be at the table during the negotiations.

[raisethestake1] 05/7/2018 07:45

Logp RNS this morning nominating Brandon as joint broker mentions expected completion of farmout of Barryroe this quarter.

[itsriskythat] 05/7/2018 07:38

I've stopped checking the PVR price, last time I looked it was 11p. Has there been any change?

[hermana3] 03/7/2018 18:46

His management atzz the distilleries infinitely more talented than non mercurial mad dog horgan