Providence Resources Share Discussion Threads

[funtimejonny] 01/7/2019 12:47

Yeah...make or break time for us all this week.

[1cagney] 01/7/2019 12:41

Jonny, I'm not sure I agree. PVR are in a bit of a bind from all sides at the moment. 4 days away from a potential divorce - how many extensions can be given before the deal is breached? Tuesday or Wednesday for the consent I reckon cos no further info have been requested from DCCAE. And then it's 48 hours to sh1te or get off the pot for APEC.

[funtimejonny] 01/7/2019 11:44

Yeah Raise. Stupid behaviour snd very undiplomatic. As the saying goes "Ya can't beat city hall". Law suits against governments by energy companies go on for around 5 years best case. Mind you it would keep him in a job now that he's getting rid of most of the staff!

[raisethestake1] 01/7/2019 09:42

Big week this week.We should receive news of survey in the next few days.it doesn't inspire confidence that Baby is making threats to the government a week before news .I sincerely hope we don't see 4to 5p here again.

[hermana3] 30/6/2019 19:09

Herself,Boyd Barrett,Hobbs et al are trying their darnedest to spoil the party but wont prevail this time around!!!!

[roadster750] 30/6/2019 18:56

I believe she rides something electric on a regular basis sometimes shes two up!

[hermana3] 30/6/2019 18:19

Yoke probably rides an eletric bike and has hairier armpits than Madonna!!!

[abudhabi123] 30/6/2019 17:49

Steel...yes I mean Brid

[steelwatch] 30/6/2019 17:14

I think you meant Brid abu. Bet she drives a Humvee :)

[abudhabi123] 30/6/2019 17:05

PAP...if you cannot see the link between butchering an unborn child and the child miners I can't help it. I thought it was very obvious that from the first sentence of the headline:
"Child miners aged four living a hell on Earth so YOU can drive an electric car:"
Isn't this what the abortionist want us all to drive...electric cars!!!!
PS Do you know what type of car Brit drives?

[papillon] 30/6/2019 13:00

abudhabi123 26 Jun '19 - 15:15 - 58211 of 58238
0 2 0
Damaged yes, but not BUTCHERED as in an abortion.

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>.

Air pollution kills 64,000 every year, according to new research



PS. What's the logical link between abortion and child miners in that link you posted, abudhabi123?

[srvsrv] 29/6/2019 15:54

From annual report 2018: "In April 2019, the Barryroe JV Partners also
submitted a Lease Undertaking application to the government"

How far is this from a petroleum lease? - if such a permit is given we would be "home safe" as the Bill is only for new licenses.

If Apec retires PVR will raise the money for the first well through equity - that is the 9m + 15m for the first well = 24m. That is half the current market value and a lot less back then with Druid.

If the drilling of the first well shows what is expected of contingent resources and a petroleum lease is giving then PVR just could sell Barryroe at a nice price.

Or do I oversee something??

Don't think the Bill will get through - FG are against and FF seems not to ban the current licenses that are in progress.

[matt] 29/6/2019 11:42

I'd hope when they set the payment deadline it is because they anticipate the approval before that time.

[hermana3] 29/6/2019 09:20

Agree they wont release a penny unless permits issued. TOR is going to look stupid and face some serious heat if permits not got this week. Nexen delivered on that front and Providence must too.

[jack9009] 29/6/2019 08:56

There isn't a chance of the Chinese handing over any dough in the current climate.

[billcn] 29/6/2019 08:41

It's looking more likely that we will need to finance ourselves

[hermana3] 29/6/2019 08:38

Still confident of Chinese dough arriving next Friday. Better not be wrong on that one.

[hermana3] 28/6/2019 20:34

The next 6 months will be boom or bust,Job! Nothing new....

[steelwatch] 28/6/2019 09:37

A year of waiting and advocating

Providence’s year-end results — or, more accurately, year-end review — point to one that was focused on waiting and advocating for the Irish offshore industry. Both are important for shareholder value. The waiting involves the receipt of permitting for a site survey, required as part of the process to start drilling offshore Ireland. At the same time, the group is also waiting on a $9m loan to be made available from its Chinese partners, which was negotiated as part of the farm-in deal to get wells drilled on Barryroe. The advocacy involves making the argument that offshore drilling and explorations should not be terminated, which would be a natural consequence of the Climate Action Bill brought before the Dáil as it is currently presented. In our view, the next six months will be an extremely important period for the group and its shareholders.

Job Langbroek Morning briefing

[cephalosaurus] 28/6/2019 09:02

My guess is they will prove up Barryroe to regain as much shareholder value before selling the assets left in the to be restructured entity.

I rightly or wrongly still believe that consent will be given and the project will go ahead as planned, citing Iolar as evidence that the government are granting permits - albeit it slow due to the head burying brigade who think that Russia, Africa and the Middle East can do our dirty work

[hoper2] 28/6/2019 08:45

There's just no reason to buy - you know whatever deal they come up with will be dodgy. The CEO will just keep it going long enough to take his wages and when it's really dead in the water, he will leave with a large pay off.

[ohisay] 28/6/2019 07:43

Interesting they are talking about compensation from the Government if the regulatory regime goes against them.

[ohisay] 28/6/2019 07:41

They really dont sound like happy bunnies do they and who can blame them.