Providence Resources Share Discussion Threads

[steelwatch] 20/7/2020 12:26

Shame PP did not take the meeting by the scruff of the neck and defer all questions to the end with a promise to hand the mike around. Maybe next time...

[hermana3] 20/7/2020 12:18

Road, An ecccentric who made his money "the old fashioned way".....

[roadster750] 20/7/2020 12:12

You were right about Tom Anderson Herm.

[feelbo2] 20/7/2020 12:11

Sounds like Thomas keeping the Board on their heels at the AGM regarding Spot on and farm out Not a bad thing..Watch this space..

[hermana3] 20/7/2020 12:09

Well they have bought a few shares too.

[matt] 20/7/2020 12:06

Thanks hermana, I'd starting thinking I'd missed the essential information on how much they get, the work packages and what it costs. So really all they did was gives us one name and tells us they have some friends.

[hermana3] 20/7/2020 11:50

Matt, That detail has not been divulged yet but watch this space....

[matt] 20/7/2020 11:48

How much are they going to have to handover in ownership?

[hermana3] 20/7/2020 11:04

Yes got the bib n tucker on Steel....

[steelwatch] 20/7/2020 10:55

Are we all sitting comfortably children?

[hermana3] 20/7/2020 08:50

And lest we forget the wind energy mob......

[cephalosaurus] 20/7/2020 08:41

Kibes, either that or bird shredders and grass skirt weavers

[hermana3] 20/7/2020 08:35

AIM, Popping the cork in Co.Cork for sure.....

[kibes] 20/7/2020 08:27

Amazing news. Much better than I expected as competent blue chip service companies will be doing the development. I've no idea why people aren't rushing to buy but then they are probably putting their money into worthless cryptocurrency scams.

[aimbagger] 20/7/2020 08:25

Might have to keep it on ice a little longer by the looks of it herm but we'll be popping the cork very shortly by the looks of things!

[hermana3] 20/7/2020 08:20

AIM,Sun's out and the grog's coming out of the fridge very soon too!!!

[aimbagger] 20/7/2020 08:16

AGM at 11am could be interesting!

[mynameiskhan] 20/7/2020 08:11

Difficult to get buy quote

[1cagney] 20/7/2020 07:55

Fair enough Druid but Spoton's cheque was half a million. APEC's was '9 million'

[druidinvestor] 20/7/2020 07:48

1cag, understandable caution after the APEC debacle. But it's good to remind ourselves that SpotOn's cheque has already arrived in the post. They have skin in the game with PVR as well as the project itself.

[1cagney] 20/7/2020 07:44

Road, OK I'll put the champers in the fridge and wait till beer o clock.

[roadster750] 20/7/2020 07:37

Six "Blue Chip" consortium members!!! Cag its champers you should be drinking not coffee.

[1cagney] 20/7/2020 07:33

Maybe I need a strong cup of coffee

[aimbagger] 20/7/2020 07:30

Look at the highlighted wording. This is massive. "Blue chip" consortium "world class" project.

[aimbagger] 20/7/2020 07:28

Dublin and London – July 20, 2020 – Providence Resources P.l.c. (PVR LN, PRP ID), the Irish based Oil and Gas Energy Company is progressing Farm out discussions with SpotOn Energy on Exploration Licence SEL1/11, which includes the Barryroe Oil and Gas Field.SpotOn Energy has confirmed that binding term sheets are now in place with the six consortium members participating the Barryroe Field appraisal and development project. The names of the consortium members will be announced separately.Providence Resources is now working with SpotOn energy and the members of the consortium to finalise the Farmout work programme.On finalisation of the Farmout agreement, SpotOn Energy will manage the Barryroe Development, working with the consortium, providing innovative project management and delivering value for all partners.The "Blue Chip" consortium comprises industry service and supply companies with excellent technical and operational credentials, and extensive experience undertaking projects similar in nature to the Barryroe Oil and Gas Field, which is a shallow water conventional development.CEO Alan Linn commented: "Barryroe is one of the largest undeveloped oil and gas fields in Europe and, having worked with many of the consortium companies over the years, I am confident that we are introducing a high-quality core project development team with both the capability and capacity to deliver a "World Class" project."When fully developed, the Barryroe Field can provide Ireland with locally produced long term energy security."This will significantly increase the flexibility Ireland has to manage the transition to carbon neutral by 2050 by supporting the local economy and contributing to energy supply stability, both of which are essential for the full benefits of renewable energy sources to be realised".