Providence Resources Share Discussion Threads

[mcbull] 28/5/2020 19:03

Starting to believe again.

Are we expecting to see the drilling consortium names tomorrow am?

[cephalosaurus] 28/5/2020 18:59

Gap up in the morning

[raisethestake1] 28/5/2020 18:40

Thanks Roadster.I missed that.Its hard enough squinting at the mobile.Good news. The alternative would not have been nice.Lets see how the market takes it.

[steelwatch] 28/5/2020 18:26

Maybe COSL still interested. The previously specified rig is still idle.

[roadster750] 28/5/2020 18:01

Raise, the rns was released just before close, I posted it in full because I know it is sometimes difficult to spot these things with small hand held devices.
Sweepstake on the consortium.
Equinor, Aker solutions, Conoco Philips.

[contrarymary] 28/5/2020 17:59

Awesome news. Things really appear to have turned around and we appear to be hammering on in the right direction. Good luck all.

[raisethestake1] 28/5/2020 17:49

Money confirmed to have arrived.RNS in the morning.Will we get any additional information.We will have to wait and see.

[billcn] 28/5/2020 17:06

Two nice buys of 250,000 shares just before the bell. Lucky punt.

[richpassi] 28/5/2020 17:00

About time !!! Lol

[roadster750] 28/5/2020 16:57

Richpassi, I understood your skepticism due to past history but I think we are dealing with a different mindset regards the Norwegians. So we can also deduce that the consortium is in place, next update should be a belter.

[richpassi] 28/5/2020 16:46

I have NO problem with that information Roadster :) its sometimes good to be proved wrong ;)

[feelbo2] 28/5/2020 16:46

Just before the closing bell: Good News.

[roadster750] 28/5/2020 16:37

Dublin and London – 28 May 2020 - Providence Resources P.l.c. (PVR LN, PRP ID), the Irish based resource development company (“Providence” or the “Company”;), provides an update on the second tranche of the proposed investment in Providence by SpotOn Energy Limited (“SpotOn Energy”).

As announced on 6 April 2020, SpotOn Energy invested £300,000 into Providence as part of the recent $3.3 million fundraising and committed to invest a further £200,000 within six weeks of that announcement.

SpotOn Energy experienced some delays in closing out the necessary arrangements with its consortium because of current working and travel restrictions. However, the Company is pleased to confirm that is now in receipt of £200,000 in respect of the second tranche of SpotOn Energy’s investment.

Providence Resources has therefore issued a total of 6,116,208 new Ordinary Shares (the “New Ordinary Shares”) to Spoton Energy at an issue price of 3.27p per New Ordinary Share, the closing price on the London Stock Exchange on 21 May 2020, the date funds were originally expected to be received from SpotOn Energy.

Accordingly, application will be made to the London Stock Exchange and Euronext Dublin for the New Ordinary Shares to be admitted to trading on AIM and Euronext Growth. It is expected that admission to trading on each exchange ("Admission") will become effective and that dealings in the New Ordinary Shares will commence on AIM and Euronext Growth at 8.00 a.m. on 4 June 2020.

The New Ordinary Shares will be issued and credited as fully paid and will rank in full for all dividends and other distributions declared, made or paid after the admission of those Ordinary Shares and will otherwise rank on Admission pari passu in all respects with each other and with the existing Ordinary Shares in the Company. The total issued share capital of the Company, as increased by the New Ordinary Shares, will be 841,514,060 Ordinary Shares.

Following this second tranche of the investment by SpotOn Energy it will become a substantial shareholder in Providence Resources owning 26,116,208 Ordinary Shares, representing 3.1% of the enlarged issued share capital of the Company.

[richpassi] 28/5/2020 11:41

It was Ståle Fjelland I was referring to. As I said if he did answer call and give out information freely and it be the truth .....happy days ....... but .....

[cephalosaurus] 28/5/2020 11:23

If there is a telephone number, that invites calls. I have spoken to Steve Boldy on a number of occasions. They do answer when available. Trouble is, many people won't try, and therefore more likely to criticise those who do

[richpassi] 28/5/2020 11:04

Not doubting you at all roadster only my opinion I would suggest that any newbies wanting to invest in PVR ,call that number on the website and ask for the CEO so they can hear it from the horses mouth. Or wait to see the money materialize over the next few days.......would love to be proved wrong .......

[richpassi] 28/5/2020 06:55

What are the odds of calling a number on a company website and getting through to the CEO to speak to him ?Are those odds reduced if the time you call is after 5.30 late afternoon ? Are those odds further reduced if that company is in another country and their first language is not English.And as for expecting to hear .....the money is on it's way.......well !

[papillon] 27/5/2020 21:40

DelBoi
Posts: 683
Price: 3.125
No Opinion
RE: Whats up
Today 17:44
I spoke with the CEO of SpotOn Energy group yesterday evening. He confirmed the £200k will be with PVR this week, also sounds like the consortium is now established. Lots going on including separate projects in the UK North Sea. Glad to have these guys on board and I get the feeling the consortium partners will surprise the market. GLA

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

I'd take that post on the lse PVR bb with a pinch of salt. A very large pinch of salt. DelBoi is a ramper.
Also if it what he posted was true that information would be classed as INSIDER INFORMATION and technically against the law! Information like that would have to be made available to all shareholders at the same time via an RNS. If DelBoi alone was given that privileged information he could make a killing by buying PVR & LOGP shares on the market from shareholders who did not have that information.
Hence DelBoi is either telling fibs, or he's in receipt of technically unlawful inside information. What is it DelBoi?

Before he started ramping PVR & LOGP he was ramping UOG. He seemed to get fed up with UOG and hasn't posted on the UOG bb for a long time.

[roadster750] 27/5/2020 18:19

Another interesting post by Delboi on LSE,

I spoke with the CEO of SpotOn Energy group yesterday evening. He confirmed the £200k will be with PVR this week, also sounds like the consortium is now established. Lots going on including separate projects in the UK North Sea. Glad to have these guys on board and I get the feeling the consortium partners will surprise the market. GLA

[funtimejonny] 27/5/2020 16:37

Maybe in somebody's imagination.

[mcbull] 27/5/2020 15:10

Hi, was having a look at their website and their annual returns and can't find where their last project was in the north sea.
Anybody know where it was?

[roadster750] 27/5/2020 10:36

Logp share price coming back into sync, pvr up 25% on the irish exchange mm's under starters orders.On AIM Current sell is 3.10 and buy around 3.15 not 3.25.

[hermana3] 26/5/2020 16:17

Would please them pesky greens too!