Providence Resources Share Discussion Threads

[itsriskythat] 19/12/2018 13:05

These are the first articles for a while about the proposed Irish exploration ban that I've read and want to read over again ....

[papillon] 19/12/2018 11:25

But those same analysts, LBO, were predicting, not that long ago, an oil price of US$100 by the end of 2018!

I remember back in 2008, when the PoO hit US$140, analysts were predicting US$200 by the end of 2008. LOL. They got that wrong!

One should take analysts predictions with a very large pinch of salt. They are only guessing. Informed guessing I'll grant, but still only guessing!

I've recently bought back into LOGP @ 1.5p. Only a small sum of money, but I consider both LOGP & PVR to be worth a small flutter at their current sp's.

I think you are obsessed with PVR, LBO. Why I don't know. Of course the PVR share price has performed abysmally over the last 5 years, but that doesn't mean it's not worth buying at the present price. Still a gamble, but the rewards could be substantial.

[lbo] 19/12/2018 06:46

https://www.cnbc.com/2018/12/18/oil-slump-could-get-much-worse-amid-oversupply-concerns-analysts-say.html

[lbo] 19/12/2018 06:42

The oil drilling ban bill remains live and at committee stage pending proposals on how to proceed, potentially with certain amendments. The committee next meets on January 22.https://www.independent.ie/business/irish/oil-and-gas-exploration-bill-stuck-in-dail-limbo-37639873.html

[hermana3] 18/12/2018 20:43

Steel,a canny punter topping up with 500K today. Wonder if it his Lordship?

[steelwatch] 18/12/2018 01:22

Thanks herm.

[hermana3] 17/12/2018 23:41

hxxp://www.ise.ie/Market-Data-Announcements/Companies/Equity-Details/?equity=2015082

[hermana3] 17/12/2018 23:18

Steel,Check out ISE.Ie and hit prices link

[steelwatch] 17/12/2018 23:06

herm - how do you get live or delayed ISE & ESM trades data please? Asked on another fred.

[hermana3] 17/12/2018 22:13

Ng, Will be interesting to see if anything comes from talks early New Year

[ngms27] 17/12/2018 22:09

Just imagine how super heated Drombeg will be.On a serious note if this was viable then surely there would be 7000m plus holes everywhere on land in Britain for such generation.

[ngms27] 17/12/2018 22:06

Not subsea it hasn't

[hermana3] 17/12/2018 19:18

FTJ, Has been done before(Iceland).

[greatfull dead] 17/12/2018 12:40

Ftj,

Timely maintenance of most equipment including heat exchangers is often the poor relation of a lot of refineries and offshore producing platforms where production has the final say on what is crucial.

ATB,
GD

[funtimejonny] 17/12/2018 09:32

Heat exchangers need maintenance. A complete dismantle and pressure wash every 4 years. How's that going to happen?

[greyingsurfer] 17/12/2018 08:40

Ngms, no not really, entirely feasible just with the added complication of being underwater.

Technically feasible, yes, and not science fiction. But that and economically feasible are two different things. The cost of drilling the undersea wells required, and the marine proofed technology you would need to generate would make it uneconomic. It can, and does, work on land where the costs are much lower, but this story is a bit of nonsense (hopefully not spread around by the company)

[riley9] 17/12/2018 08:27

Ngms, no not really, entirely feasible just with the added complication of being underwater. Barryroe first though.

[hermana3] 17/12/2018 08:12

Yes indeed it is worth talking to parties on this issue but short term focus remains on Barryroe, Newgrange and Atlantic Margin. Partner looking after the Celtic Sea marginal fields.

[ngms27] 17/12/2018 08:07

As an example in Iceland one large geothermal electricity powerstation produces 120MW but makes use of 21 Wells.

It's fantasy island stuff for the Porcupine Basin.

[papillon] 16/12/2018 22:08

druidinvestor 16 Dec '18 - 14:57 - 56849 of 56850
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Given PVRs recent luck, if they drilled for water they’d find oil :)

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

PMSL at that post, druidinvestor.

[jam2day] 16/12/2018 15:44

Very feasible and not science fiction:-

NorNed is a 580-kilometre (360 mi) long high-voltage direct current submarine power cable between Feda in Norway and the seaport of Eemshaven in the Netherlands, which interconnects both countries' electrical grids. It was once the longest submarine power cable in the world.[2] Budgeted at €550 million, and completed at a cost of €600m,[3] the NorNed cable is a bipolar HVDC link with a voltage of ±450 kV and a capacity of 700 MW. NorNed is a joint project of the Norwegian transmission system operator Statnett and its Dutch counterpart TenneT. The cable system itself and the two converter stations were produced by ABB.

[druidinvestor] 16/12/2018 14:57

Given PVRs recent luck, if they drilled for water they'd find oil :)