Providence Resources Share Discussion Threads

[specul82] 11/9/2019 07:57

The storm season doesn't stop drilling it might postpone the rig for a few days on travelling to the destination until the seas are calmer I can assure you all my mates who are offshore continue to throughout the seasons

[seangwhite] 11/9/2019 07:42

Is the sun tanned one back from his holiday to sort out this mess?

[ngms27] 11/9/2019 07:38

The window for drilling Barryroe is shortening fast.

Won't be long until storm season is upon us.

[steelwatch] 11/9/2019 07:34

herm - expect de offertory plate, or empty wooden bowl, to be passed round sans sambos!

[hermana3] 11/9/2019 07:20

Steel,Them curmudgeons on de poor mans thread and the lOGP threads haven't won this battle yet. Have the coat with the many deep pockets ready for the pilgrimage to contentuous AGM tomorrow....

[steelwatch] 11/9/2019 01:16

roadster - COSL Innovator hasn't budged from current warm stacked location up a Norwegian fjord ever since it was first identified for Barryroe early last year. Either COSL can't find work elsewhere for it due to the downturn, or they know enough inside info on Apec funding to have kept the reservation current for so long. Meanwhile, it ain't budging to Irish waters until both funding and drilling permits are secured, so don't hold your breath just yet.

[hermana3] 10/9/2019 21:51

Abu, Big day for Tone on Thursday as he has to explain what is happening with payment.

[abudhabi123] 10/9/2019 20:33

Thanks Herm.

[hermana3] 10/9/2019 20:19

Abu, That old fart fiach has lost the plot. Ignore his inane comment.

[roadster750] 10/9/2019 19:08

cosl innovator needs to be making a move soon.

[abudhabi123] 10/9/2019 18:08

fiachra I am reporting your stupid immature comments to ADVFN

[funtimejonny] 10/9/2019 17:51

Gentlemen...I will be attending the AGM in Thursday. I will be wearing a green coat, if it's cold or rainy, or a green herringbone jacket if it isn't. So if any of you LTH'S want to meet over a coffee after the main business, would be quite nice to have a wee chat. ATB

[abudhabi123] 10/9/2019 17:46

fiachra...you must be sick

[fiachra] 10/9/2019 16:53

Abudabi. Ignorant boll#x

[rogerlin] 10/9/2019 16:41

As of the close of business yesterday, the Company can confirm
that the site survey of the first location has been completed and the
Company has already started site survey operations over the second
location.

This will not take long now, really only a few days to get the cash to extend it.

[abudhabi123] 10/9/2019 10:31

Ianio...I certainly do not know and I am sure you do not either. What would you say if you were told that APEC was introduced to PVR by Pat Plunkett!!! It would not be a Micky Mouse charade because it was not found by TOR.

[bones698] 10/9/2019 10:15

Cash delaying the deadline again just so they can refinance is borderline at best imo . The game is up here and anyone willing to fund this charlatan and company are stupid but the world is full of people like that it seems . People are still holding their shares in the belief the money is coming or that another amazing plan is being formulated in the background even though all evidence says different . The not cap of these companies is away with the fairies given their situation and shows just how ridiculous the markets are .
Both logp and over should be down 30% today as the money hasn't come and the deal all but called off .

[peaeff] 10/9/2019 10:13

Can anyone answer the question that if it is just the site clearance stage that the money is needed for, is there any possibility that drilling will go ahead on the two sites that will have been cleared.

TIA

[peaeff] 10/9/2019 10:03

Let's hope that some sort of feasible explanation will be offered at the AGM. Having persisted with the 'money's at the bank waiting to be transferred' he suddenly drops that explanation and agrees to a further 21 day extension. Why? and exactly who is asking for it, APEC/HSBC?

Threatening legal action, at this stage, against the one company that can keep us afloat isn't, I would suggest, the best of plans considering how long legal action would take. Then I ask the question, if the money is 'at the bank' who is liable for it not being transferred to PVR. I can't believe it's the bank so that explanation has really lost all credibility.

It appears all has not been revealed, not good for those loyal shareholders for whom he strives as his priority.(salary aside that is)

regards

[cashandcard] 10/9/2019 09:34

As above, they have extended the dates just to get the AGM out the way by dangling the APEC carrot out to the 30th Sep - that will allow them to continue riding the gravy train for another year.

Any shareholder supporting that has got to be trapped and desperate or mentally ill.



Cash

[gwr7] 10/9/2019 09:33

Told you PVR were tough negotiators..."we reserve the right" lol

[cashandcard] 10/9/2019 09:32

cashandcard
22 Aug '19 - 14:01 - 2158 of 2220 Edit
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As the money has not been received and looks like its not going to be, I think the following two scenarios will playout;

- PVR are probably well aware the money ain't coming but cannot announce deal is dead before the AGM (12th Sep) without risking a complete hammering by shareholders and risking the passing of resolutions. So they will continue to extend the backstop date until the AGM is out of the way in a few weeks.

- Once the AGM is done, they will announce the deal with APEC is off or announce a fundraiser to get things moving and let APEC quietly disappear from their RNS's.


Whichever way one looks at it now, APEC look like Charlatans and PVR management even bigger Charlatans. The question for investors is why do you still support O'Reilly Jnr? What has he achieved since 2012 (apart from picking up a fat salary)?


Cash

[cashandcard] 10/9/2019 09:31

cashandcard
30 Aug '19 - 12:30 - 2182 of 2219 Edit
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It was always thus, no money = placing. The real question is why do investors still believe in Tony O'Reilly as the man to get Irish oil going. This bloke has achieved almost nothing with Barryroe over the last 6-7years. In the same timeframe other medium-large appraisal stage projects have been appraised, developed and are actually producing oil. Get a new boss, long overdue.

Cash