Providence Resources Share Discussion Threads

[druidinvestor] 18/8/2019 07:58

TOR in today's Indo. "Our working capital position is such that if funds aren't forthcoming within a certain period of time, then we would obviously have to look at alternative financing. That's what one does. So by saying it, you can assume that we've looked at it, but that's not our primary objective."

[jusmasel99] 18/8/2019 05:35

There is nothing unusual about lack of result from Iolar. Before the drill started both parties declared it 'tight' meaning that whatever the outcome the results would not be made public.

[raisethestake1] 17/8/2019 21:30

Jimmy23 has a new post on Google "PVR Discuss the markets" .He is a respected poster and somewhat an authority on oil and PVR.Briefly talks of the unusual delay of an announcement on the Iolar drill success here would greatly benefit Providence as they hold neighbouring licences 😀

[greyingsurfer] 17/8/2019 20:53

Well, they say they've been shown documentation showing it's still waiting for final processing at HSBC, and that they've been shown documentation showing APEC's funders had been debited, so I'm not sure what more a phone call to HSBC will show - except to allow PVR to say "why the f&ck is it taking so long", but I expect they've already done that.

[dj2] 17/8/2019 14:43

Surely a simple phone call to HSBC would clarify where this money is!!!

[hermana3] 17/8/2019 08:44

Indo seems to think it is all about O'Reilly!!!!!

[funtimejonny] 17/8/2019 06:50

Theres an article in the independent today about Providence and the latest situation regarding Barryroe etc.

[hermana3] 16/8/2019 18:41

Steel,wee Nally is busy dusting down the aul printer once again!!!!

[billcn] 16/8/2019 17:03

Kommander ,,,, spell check

[billcn] 16/8/2019 17:02

Yes. Commander just sitting off Abardeen

[matt] 16/8/2019 16:54

Is the survey vessel still traceable?

[steelwatch] 16/8/2019 16:47

No doubt Cenkos has sounded out the insti holders for an interim bailout as a fallback to the backstop raise. Roll on Tuesday to discover our fate mate 🙄

[gunsofmarscapone] 16/8/2019 12:40

Would be very surprised if it is a discovery.

[jam2day] 15/8/2019 20:23

Yes Herm looks like another disappointment for offshore drilling Not a good sign finishing early

[hermana3] 15/8/2019 19:51

So yet another tighthole result from The House of Exxon!!!!

[1cagney] 15/8/2019 16:57

Guns, Icemax's job is to drill to target depth, hand over its findings then plug the well and jog on to the next contract. So it's job is done regardless of the outcome.

[gunsofmarscapone] 15/8/2019 16:50

Is there a result yet from Iolar? If the rig is enroute that would normally indicate a duster.

[cashandcard] 15/8/2019 14:56

paps,


That's fine, some longtermers at Hur are not happy. But their dilution has aided the company in creating real meaningful value. Longterm shareholders have seen massive success technically and operationally and bouts of shareprice strength including this year. Hur have followed their plan and are in the final EPS stage and producing oil. They are much closer to realising value than longterm shareholders in PVR/LOGP are, why is this? What HUR has done in the last 6-8years, PVR LOGP should have done this.

I guess the central point of that post which sticks out as a question is does anyone have confidence O'Reilly is the man to get Irish oil going ? I think the answer is a big no no, neither the industry or even the markets anymore. He has barely taken a step forward in the last 7years. The only thing they have achieved in 7years is near total wipeout of longtermers via dilution upon dilution and next to no progress to show for it.

I see APEC as the last rollof the dice before they will have to once again revert to what they do best - Dilute. In the end, it all comes down to good management, and neither PVR or LOGP have that.

PS, Hur would later go onto F/O Warwick on attractive terms to them. Surely, PVR and LOGP should have got beyond that stage (partnering), what have they being doing all these years? what are they being paid for?


Cash

[papillon] 15/8/2019 14:51

RLD is currently up 46% on the day. So momentum1 seems to have picked another winner. You wont see him posting on LOGP again. He's pumped and dumped that. The LOGP gullible mugs wont fall again for his rumour.

[1cagney] 15/8/2019 14:49

Icemax has finished up at Iolar. On its way to Spain

[papillon] 15/8/2019 14:47

Very good post cashandcard/buffythebuffoon.

The HUR share price is currently around 38p. So it hasn't been a success story for those long term investors who took part in the 32p placing. I remember that HUR went down the placing path because they said they couldn't get a farm in partner at an attractive price to HUR.