Providence Resources Share Discussion Threads

[wheniamfree] 08/7/2019 11:26

She’s wasting her time - leave her to it. Decision is already made and government have blocked her.

[billcn] 08/7/2019 09:47

Brid Smith just announced on radio interview that's she is taking bill to the High Court.
I wonder how long this might take to get traction

[cephalosaurus] 08/7/2019 08:44

Ooh, looking like the mm are keeping things orderly. No gap ups means clean movements of share price. Great top up level.

[hermana3] 08/7/2019 08:34

Well done Jefe!

[oohrogerpalmer] 08/7/2019 08:31

Surprised I was able to top up this morning at 8.84p.
Not complaining though.

[wheniamfree] 08/7/2019 07:45

Government owned JIC are funders.

ABOUT APEC
APEC Energy Enterprise Ltd. was established in 2014 as a Hong Kong registered company with headquarters in Beijing. In addition to its original focus on offshore oil & gas services, APEC provides upstream energy acquisition advice and management services in partnership with Chinese Oil Companies, offshore and onshore service providers, and SOE investment groups. www.apecenergy.com
In 2017, APEC established a strategic partnership with COSL and JIC for the investment and development of offshore oil and gas opportunities worldwide, utilising Chinese infrastructure and equipment (most notably Chinese offshore drilling units/vessels) to earn equity positions in projects.
ABOUT JIC
JIC Capital Management Limited is a subsidiary of China Jianyin Investment Limited (hereinafter "JIC", or "the Group"), which is a Chinese state-owned (100% subsidiary of China Investment Corporation) integrated investment group establishedin2004. Ourmissionistopromotetechnologicalprogressandindustrialupgrading,tobuildastrongculturally country, to promote consumption upgrade service, and to improve people's livelihood. We are committed to creating a long term, stable and sustainable returns on capital investment for our shareholders. As a State-owned Enterprises (SOE), we are also committed to fulfill social responsibilities.
Leveraging its comprehensive investment system and advanced investment model, JIC has profound insights of the driving factors behind China's economic growth and transition, and has been actively expanding its overseas business footprint in the international market. Our priorities are financial services, industrial manufacturing, cultural consumption, and information technology.
The Company is headquartered in Beijing with 14,000 employees around the world and over 120 branches in Mainland China, Hong Kong SAR and overseas locations. subsidiaries. In 2016, China Jianyin Investment Ltd.'s total revenue reached 10.875 billion yuan (US$1.731 billion), consolidated net profit was 6.446 billion yuan (US$ 1.026 billion), this accounted for 6.188 billion yuan (US$ 985 million) in net profit belonging to the parent company. By the end of 2016, the consolidated general assets amounted to 124.710 billion yuan (US$ 19.856 billion), the consolidated net assets amounted to 72.611 billion yuan (US$11.560 billion), of which 71.084 billion yuan (US$ 11.317 billion) belonged to the owner's equity of the parent company. FX rate of 1CNY = $0.15922 (as of March 27, 2018). hxxp://en.jic.cn
JIC has a A+1 rating from Fitch, an A2 rating from Moody’s and an A rating from Standard & Poors.
ABOUT COSL
China Oilfield Services Co., Ltd. (“COSL”) is the largest integrated oilfield service provider in Asia. Services run through all stages of offshore oil and gas exploration, development and production. The business is divided into four broad categories: geophysical prospecting services, drilling services, oilfield technical services and ship services. It is a majority owned (54.63%) subsidiary of Chinese state-owned company, CNOOC. www.cosl.com.cn

[steelwatch] 08/7/2019 07:44

raise - shot incoming and no goalie!

[romeoandjuliet] 08/7/2019 07:41

Think we might be top of the leaderboard today

[raisethestake1] 08/7/2019 07:36

At least we got yuan in the back of the net.GLA

[srvsrv] 08/7/2019 07:31

and then the permit - then around 20p:)

[srvsrv] 08/7/2019 07:26

share price 12-13 today?

[raisethestake1] 08/7/2019 07:24

Back in the game

[specul82] 08/7/2019 07:16

APEC founder is cnooc and 2 other Chinese oil companies

[feelbo2] 08/7/2019 07:08

Lets see if the Money arrives, be good to know who Apecs's funder is.

[steelwatch] 08/7/2019 07:08

Cheque in the post 🌞

[richpassi] 08/7/2019 07:05

A Back stop that is welcomed ;)

[greatfull dead] 08/7/2019 07:04

NICE...

Providence has received a HSBC remittance notification dated July 5, 2019 from APEC's funder for the transfer of US$ 10 million in favour of Providence's bank account in Dublin with a payment date of July 9, 2019. Of the US$ 10 million, US$ 9 million is to cover EXOLA front-end and pre-drill costs with US$ 1 million to cover APEC costs. Therefore, a backstop extension to July 10, 2019 has been agreed with APEC to allow for the receipt of funds. A further update will be provided in due course.

GLA,
GD

[gunsofmarscapone] 07/7/2019 15:16

Papillon how do you view The Irish Times with a GB Times sub? Can’t log on.

Everyone else isn’t high time that the Barryroe CPR is shared with the actual owners of the company?

[steelwatch] 07/7/2019 15:01

That's fine pap, thanks.

[papillon] 07/7/2019 13:46

My above post is the part of Nick Webb's article that applies to Windhorst's Tennor Group, steelwatch. Are you interested in the rest of the article? If so I can post it, though it's on completely different Irish business subject matter.

[papillon] 07/7/2019 13:40

Inside track: Nick Webb
July 7 2019, 12:01am, The Sunday Times
Former Barryroe suitor sails through funding storm
Nick Webb

Share
Save
Providence Resources boss Tony O’Reilly was last week still trying to winkle cash for his Barryroe oil field off Co Cork from his Chinese partners, part of a deal signed 15 months ago. The saga is nothing compared to his dance some years ago with Lars Windhorst, the German wizard investor.
Windhorst’s Sapinda vehicle, now Tennor Group, was in protracted talks to buy into Barryroe in 2015. The 41-year-old went on to bigger things — so big that he is at the centre of the latest European fund rumpus. London bond fund H20 Investments advanced Tennor companies more than €1bn. This is a huge, illiquid exposure for H20, and its revelation sparked mass withdrawals.
It’s not a problem for Windhorst, who recently threw a party at Tennor’s lavish Mayfair offices. There, the Financial Times reports, there is a scale model of Irish Ferries’ new WB Yeats ship.
Tennor earlier this year swooped on the troubled German shipyard FSG, where the much-delayed WB Yeats was built. The yard is contracted to build a second ship for Irish Ferries owner ICG. At last Windhorst has a presence in Irish waters.

[abudhabi123] 07/7/2019 13:38

Thank Pap..I buy the UK edition and there was nothing in it.

[steelwatch] 07/7/2019 13:26

Pap - can you post the full text of



too for the great unwashed?