Providence Resources Share Discussion Threads

[greatfull dead] 05/7/2019 10:56

Steel,

Luck of de Irish comes to mind.

ATB,
GD

[steelwatch] 05/7/2019 10:54

Cheers GD. We need it!

[greatfull dead] 05/7/2019 10:32

Good luck all holders.

GD

[billcn] 05/7/2019 07:50

Beijing is GMT+8 -- hope they get to bank before close of business

[srvsrv] 05/7/2019 07:38

162mmBO - should could deliver a reasonable return to shareholders!

[srvsrv] 05/7/2019 07:37

From RNS in 2017:

Providence is presenting its plans for the Phase 1 drilling of the 48/24-K well and associated side-track in the North
Celtic Sea Basin, which is c. 5 km SSE and c. 200’ up-dip from the 48/24-10z well on the East Flank of the Barryroe field.
This Phase 1 drilling programme, which is currently targeted to take place during H2 2018/H1 2019 (subject to consents)
is estimated to cost c. $25 million gross (c. $20 million net to Providence). The 48/24-10z well, which was drilled in
2011/12, tested c. 4,000 BOEPD of light (43
o API) sweet crude from the basal Wealden A Sand reservoir interval. These
two new well penetrations are designed to provide further definition around structure, reservoir, fluid phase,
connectivity and resource estimates, thereby materially moving the Barryroe East Flank project towards development.
The Phase 1 programme is targeting an estimated 463 MMBO STOIIP, with 162 MMBO REC (Rf = 0.35).

[hermana3] 05/7/2019 07:13

SR, Could need a Plan B alright!!!!!

[srvsrv] 05/7/2019 06:23

yes it was mentioned in the annual report - then by a equity raise and in minor drilling scale (as planned before APEC) - 1 well. It would cost the 24m. It should be rather easy to raise. Prove it up and sell Barryroe.

[abudhabi123] 05/7/2019 06:19

srvsrv...as you say even if APEC do not come up with the cash PVR can do Barryroe on their own.

[srvsrv] 05/7/2019 06:12

yes - this was very important even if Apec not fulfill their obligations. Then PVR can do Barryroe alone.
Also very important regarding the other licenses - Newgrange etc.

[abudhabi123] 05/7/2019 06:09

Top up time!!!

[ohisay] 05/7/2019 05:18

Sanity prevails..



As the Bill potentially entailed use of public money, Minister for Climate Action Richard Bruton on Thursday recommended what is known as a “money message” under Dáil Standing Orders. This can be used to halt legislation as it adds to public spending.

His order was based on an opinion supplied to the Government which is understood to argue that the State would face significant financial risks as a result of the Bill.

The Cabinet heard this would arise from potential obligations to existing holders of drilling authorisations, as well as refunding application and other fees, and the potential of costly legal payouts if authorisation holders challenged the decision in the courts, which was considered likely. Loss of tax revenue arising from drilling and exploitation of gas was also a factor in the decision.

The opinion argues the Bill would not reduce Ireland’s carbon emissions but rather ensure the State would import all its fossil fuels as it transitions to a low-carbon economy, other than those sourced from the Corrib gas field which is expected to be exhausted by 2030.

[hermana3] 05/7/2019 00:23

The smell of boom or bust. Bicycle clips time...

[billcn] 04/7/2019 23:56

Think we will smell something

[hermana3] 04/7/2019 23:27

Can we smell the money?

[raisethestake1] 04/7/2019 23:13

Good news indeed.May the news flow continue now

[riley9] 04/7/2019 22:54

Well they're not going to hand over 9mil without he permits, are they - that would just be daft.

[hermana3] 04/7/2019 22:14

Reckon site survey permit approval is the key to getting that lot to honour its deal on Barryroe

[srvsrv] 04/7/2019 22:09

maybe this could mean PVR will receive the 9m.

hxxps://greennews.ie/cabinet-block-cem-bill/

[hermana3] 04/7/2019 21:27

Steel, Permit application is taking an age and is unacceptable. Will be at puter early doors just in case....

[steelwatch] 04/7/2019 20:18

Herm - may not come until end of day, or maybe early next week. Just hoping for permit approval in the nick of time. Meanwhile, price action lately has a familiar feel about it!

[hermana3] 04/7/2019 19:42

Adios Brid! Jittery wait for tomorrow's RNS...

[druidinvestor] 04/7/2019 19:30

Looks like the climate bill has finally been put to bed by the government. https://twitter.com/trocaire/status/1146833952851800064?s=21

[rogerlin] 04/7/2019 18:36

Activity at Iolar seems to be continuing as normal, standby vessel Esvagt Don and its craft nearby, two supply vessels, Siem Symphony and Viking Prince, the latter now going to Foynes to fetch something. The Edda Frende has gone to Peterhead and now seems to be booked for Apache. All still to hope for.

[abudhabi123] 04/7/2019 18:29

raise.... It is some of the Irish politicians who brough us in this position mainly that baby butcher Brid.