Providence Resources Share Discussion Threads

[gunsofmarscapone] 01/2/2019 08:25

Papillon gaining almost zenlike guru characteristics now, investors will start taking pets and sick relatives to his grotto to be anointed and duly healed.

[steelwatch] 01/2/2019 08:24

Fully wintersed too 🌝

[hermana3] 01/2/2019 08:08

Mellow will do after an eternal wait for first a farmin and then a rig!

[isef0001] 01/2/2019 08:04

Well! We've had the Rust Bucket,(GSF Arctic 111), the Jolly Green Giant,( Eiric Roude) so now is this the Yellow Mellow?

EDIT Ooops! I meant Mellow Yellow.

[hermana3] 01/2/2019 08:00

Pap, An Taisce are rapidly running out of dough and passing de hat around so will not oppose current Barryroe application. Good play by the management here.

[papillon] 01/2/2019 07:55

Wouldn't be surprised to see 20p being achieved as a short term share price target for PVR.

[hermana3] 01/2/2019 07:52

Full steam ahead now!

[papillon] 01/2/2019 07:49

The MM's will open up, both LOGP & PVR, on this great news this morning. My likely short term share price target for LOGP is 3.7p.

[r9505571] 01/2/2019 07:28

Make that Q3 2019!

[r9505571] 01/2/2019 07:26

'COSLinnovator' due Q2 2019

[steelwatch] 31/1/2019 16:53

Fat - new well site survey licence in full compliance is in process. Does not affect existing SEL 1/11 and the show will go on.

[the fat controller] 31/1/2019 16:46

So no license then?

[blustry123] 31/1/2019 11:01

We are lucky that the Chinese can see merit in the project , perhaps a new spur for their Silk Road..

[specul82] 31/1/2019 09:44

Is there any way this share is going to start moving up in the next 6 months I thought the Irish people would be behind this company and look to support their own economy with the oil revenue that's possible

[greatfull dead] 31/1/2019 07:25

Ftj,

Thanks.

Herm,

Are you up for a visit to Cobh?

ATB,
GD

[funtimejonny] 31/1/2019 05:02

Good luck with thst GD. Hermana...I hope we do indeed get a comprehensive update from tbe company tomorrow, so that we can see a clear path ahead with some timelines. Very frustrating the way these people are trying to sabotage tbe project.

[hermana3] 30/1/2019 22:45

New application either already in or to be submitted soon. Expect RNS clarifying situation early doors.

[greatfull dead] 30/1/2019 22:41

Ftj,

Just trying to relive the ole days when I worked on the UREA plant construction in the mid 70'S at Whitegate refinery and I spent 6 month in the Commodore.

Will reconsider where I do stay now. For me and the wife 1 to 2 nights night stay in Cobh/Cork on our planned driving trip around Ireland later in Q2 2019

Thanks and all ALB,
GD

[roadster750] 30/1/2019 21:22

Minister for Communications, Climate Action and Environment really had his nose rubbed in it, even had to pay costs ouch.

[cephalosaurus] 30/1/2019 21:08

If I am not mistaken, from what has been said already, it was already anticipated the judicial review will overturn the site survey permission. By applying for a new site survey back then, they have already saved themselves the lost time had they only found out this result today.

Seems like no news situation to me.

From the RNS 30th November....

"Background - Legal Proceedings
On November 15, 2018, the Company was notified that An Taisce issued legal proceedings on November 12, 2018 against the Minister and the Attorney General (with EXOLA as a notice party) regarding the issuance of the permission for EXOLA to conduct well site survey operations at Barryroe. Specifically, in its application, An Taisce sought to challenge by way of Judicial Review the process by which permission for the well site survey operations had been granted by the Minister, as well as raising other issues relative to environmental assessment and compliance with EU law. The matter initially came before the court on November 20, 2018 but was adjourned by Mr. Justice Noonan until December 11, 2018.

Postponement of Site Survey
As a result of this voluntary decision not to act on the site survey permission, EXOLA has postponed the planned well site survey for Q4 2018 and will now apply to the Minister for a new permission to carry out well site survey activities as early as practicable in 2019, in advance of its drilling programme at Barryroe which is being scheduled for later in 2019. Without prejudice to the site survey application process, EXOLA is planning to be in a position to conduct its well site survey operations in spring 2019 in advance of the commencement of the planned drilling operations in Q3 2019, such drilling operations being subject to the requisite approvals and consents from the Minister.

Commenting on the announcement, Tony O'Reilly, Chief Executive of Providence said:

"We are frustrated by this turn of events, especially as we complied fully with all environmental and planning regulations in applying for and subsequently receiving the site survey permission. However, with the site survey permission now being the subject of legal challenge, combined with delays with the site survey vessel arriving in Irish waters, would have resulted in undue delays to the Company carrying out its proposed activities. Whilst it is disappointing that this situation has arisen, we felt that it was in the best interest for the overall programme not to act on the site survey permission and re-apply, thereby avoiding any unnecessary costs and possible further delays associated with the judicial review proceedings".

[steelwatch] 30/1/2019 21:00

T'other side of the story tomorrow then. Hope a reworked site survey application is in the post!