Providence Resources Share Discussion Threads

[itsriskythat] 11/1/2019 08:41

Agreed, it really is a short time now to Nexen's Iolar well.

I think they are using the Stena Icemax as did Providence for Druid/Drombeg. Nexen already have a requirement for PSV's to support the IceMax from March.

[hermana3] 11/1/2019 08:20

Successful drills at Barryroe and Iolar in 2019 will do wonders to the share price here. Progress towards drilling Dunquin and Newgrange needed too

[rogerlin] 11/1/2019 08:20

Fairly irrelevant but there are a lot of wrecks (see diagram page 7)! Perhaps there might be some gold at Spanish Point?

[mick] 10/1/2019 19:20

Thanks 1cagney

[itsriskythat] 10/1/2019 18:45

.. and the share price will fully recover (before long).

[itsriskythat] 10/1/2019 18:38

The public information on the DCCAE site is as follows ….

There is a DCCAE consultation currently in progress for drilling Nexen/CNOOC’s Iolar well. In November a month was set aside for a public consultation of Nexen's screening for the well.



Then An Taisce popped up with a judicial review of Barryroe, which was started midway through the Iolar public consultation.

DCCAE then reset the clock and started a second public consultation for Iolar, which is still ongoing and now finishes on 21st January.



Nexen/CNOOC’s documents for both consultations are identical so DCCAE most likely didn’t follow the correct procedure the first time.

An Tasice’s case against DCCAE for Barryroe may be based on something as simple as not DCCAE not publishing the public consultation in the newspapers as required by EU directives. Anyhow, it suggests that it is only a procedural issue that DCCAE can correct in EXOLA’s second Barryroe application.

The judicial review may go against DCCAE but the site survey will still go ahead on the second application.

If you follow this through, then it looks as if DCCAE have inadvertently caused a delay, but it will be alright in the end.

[papillon] 10/1/2019 18:15

You're correct, steelwatch. It was 13.594p and not 13.954p.

Here's what I posted recently on the LOGP bb:

papillon
10 Jan '19 - 17:50 - 4524 of 4524 Edit
0 0 0
I suppose you could say that, GoM. The LOGP share price closed above the upper Bollinger Band yesterday. I took that as a bullish signal even though a breakout above the upper Bollinger Band usually only occurs following the release of good news. However that's not the case here; Obviously the breakout has occurred because good news is expected imminently. That good news will undoubtedly be a new submission and permission granted for the Barryroe site survey. I would have bought after the 200 day EMA was breached on Monday, but I didn't have the cash available.

PS It's good news, or the anticipation of good news, that drives up share prices. In this case it's the latter.

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

The PVR share price broke and closed above the upper Bollinger Band today. Again I would have bought PVR on Monday when it rose and closed above the 200 day EMA on Monday, but I didn't have the cash available then.

Both the PVR & LOGP charts look very bullish. The 50 day EMA's of both PVR & LOGP are staying resolutely above their 200 day EMA's which shows that longer term investor sentiment for both shares is staying strong and bullish.

[1cagney] 10/1/2019 17:52

That's prudent. Over to the department after that to see how quick they assess it.

[druidinvestor] 10/1/2019 17:37

If what I have heard is correct, it is a minor procedural issue. I think any application would be submitted after the finding of the hearing in case anything else cropped up.

[1cagney] 10/1/2019 17:31

Druid I hope you're right, however is anyone sure whether the second application has actually been submitted yet?

[druidinvestor] 10/1/2019 17:25

1Cagney, I have 'heard on the grapevine' that PVR did not err.

[gunsofmarscapone] 10/1/2019 17:05

If I’m not mistaken Papillon prioritises T/A particularly Elliot wave. Seems to have a good handle in these shares.

[greatfull dead] 10/1/2019 16:54

Paps,

You going for a positive outcome. I hope your correct.

ATB,
GD

[1cagney] 10/1/2019 16:38

Pap. I wouldn't say imminent, but based on the fact that PVR are now aware of what was objectionable about the last application, it's hard to err in the second application.

[steelwatch] 10/1/2019 16:02

pap - 13.594 if you have transposed?

[papillon] 10/1/2019 16:01

I presume the PVR share price is rising in anticipation of that new permission to carry out the well site survey being awarded imminently, 1cagney

[papillon] 10/1/2019 15:44

Had a small top up in both PVR (3031 @ 13.954p) & LOGP (21,353 @ 1.8175p) today. Found some loose change down the back of the sofa. LOL.

[1cagney] 10/1/2019 14:32

Mick, Tue 15th is a date for an An Taisce hearing in court. The outcome either way is irrevelant as PVR have withdrawn their original submission and are in the process of submitting a new one in order to avoid getting caught up in the An Taisce challenge with the Irish Govt Dept.

[greatfull dead] 10/1/2019 13:39

Tuesday 15 January is decision day for many here.

DYOR...

ATB,
GD

[mick] 10/1/2019 13:30

Pardon my ignorance Greatful Dead, what's getting close? Thanks

[greatfull dead] 10/1/2019 11:20

'Tis getting close...

ATB,
GD

[steelwatch] 10/1/2019 10:26

I'm sure herm meant DNO gs. Dana now sails under the KNOC flag of course:

[greyingsurfer] 10/1/2019 10:14

Dana - now there's a blast from the past! DNO?

[steelwatch] 10/1/2019 09:25

Herm - maybe some of the filthy lucre will come here few months hence...

[hermana3] 10/1/2019 08:15

Dana takeover of Faroe is a done deal. Holders there moaning of being mugged but Dana have played a masterclass on squeezing a deal with a co. with an undervalued share price. Such a divide and conquer approach could happen here at anytime too....