Providence Resources Share Discussion Threads

[1cagney] 31/7/2020 14:15

Price monitoring extensions in the middle of the day. Somebody with fat fingers or something afoot? mmm

[feelbo2] 31/7/2020 12:25

The Barryroe Manificent 7..Best of class partners exceeding expectations expect plans to move at pace...

[hermana3] 31/7/2020 12:13

r9, End 2021 early 2022 is timeframe for drilling.

[hermana3] 31/7/2020 12:12

Road, And it will get a serious rerate in time but the usual load of patience required. Amazing what a change of leadership can bring. To think most of us lot on here were crying out for Tone to walk the plank for at least the last 5 years to no avail.

[r9505571] 31/7/2020 12:11

Any timeframe for drilling?

[roadster750] 31/7/2020 12:06

Happy days, congrats to all the lth's here, as Alan mentioned recently this share price needs a serious re rate.

[ride daice] 31/7/2020 11:59

It would appear that "What you Know" and "Who you Know" can be a quite effective combination for an Oil Exec.

[hermana3] 31/7/2020 11:45

Druid, No CEO setting his clock for daily 3am masochistic calls to China! You couldnt make it up....

[druidinvestor] 31/7/2020 11:40

The majority of the funding will be via the Norwegian Export Credit Facility. SpotOn Energy used as the vehicle to access it. No cheques in the post from China this time :)

[aimbagger] 31/7/2020 10:53

?https://www.irishtimes.com/business/energy-and-resources/providence-enlists-schlumberger-as-part-of-barryroe-consortium-1.4318532?

[hermana3] 31/7/2020 10:11

Hoper over on the poor mans thread not one bit pleased with todays news. There's just no pleasing some...

[hermana3] 31/7/2020 10:09

Sr,Could be a 3 well campaign so best have the big fat wallets doing the financing and Providence with a 20% ticket stuffed in the pocket. Alan takes every opportunity to appeal to the Green fraternity and talk partnership/cooperation with them as that is the future. Go Green or go bust...

[hoper2] 31/7/2020 10:05

This just looks like a list of companies they would like to use on any development of Barryroe. Who provides the money? Do SpotOn have any money? We know PVR don't have any, but the money will have to come from somewhere. I hope for shareholders this is not just more of the same - rights issues, delays and disappointments. As always with PVR the management will continue to draw their very large wages, lets hope the current bunch actually deserve them.

[srvsrv] 31/7/2020 10:04

herm: yes guess it will be 20% to PVR - but depends of course on the appraisal programme.

yes, I'm also convinced that this time it will be executed - very exiting.

[hermana3] 31/7/2020 10:00

Sr, APEC and Lars Windholm's Sequaa were just time wasters. The new consortium like our new CEO has industry credibility and move fast.

[hermana3] 31/7/2020 09:57

Sr, Would be happy to keep 20% of Barryroe and LOGP keep 5%. That would love this heavyweight consortium with plenty of skin in the game(75%) and a nice pile of cash for Providence and Lansdowne.

[srvsrv] 31/7/2020 09:53

hermana: :) - the deal terms were excellent - not the execution...
The new consortium is in another league (trustable)

[srvsrv] 31/7/2020 09:51

with this world class consortium in place it will be very exiting to hear next about the appraisal program and how much of Barryroe PVR/LOGP will have when the deal is agreed.

The first part with the consortium is excellent.

[hermana3] 31/7/2020 09:51

Sr, Let us hope it not like The APEC deal lol...

[hermana3] 31/7/2020 09:50

Kibes, The details of the farmin to Barryroe from Spoton Energy are to be announced before end October. The likes of Schlumberger and Aker could well take a wee stake in Barryroe as well.

[kibes] 31/7/2020 09:47

OK that would work

[srvsrv] 31/7/2020 09:46

Kibes - no the consortium do the work - drilling etc. In return they get a stake in the Barryroe. It's like the Apec deal.

[kibes] 31/7/2020 09:44

srsrv - but in that case Providence would have to come up with the development funds?

[srvsrv] 31/7/2020 09:34

Kibes - in the RNS: "..equity returns from production."

[ride daice] 31/7/2020 09:32

Does anybody have a view as to what Barryroe might be worth to PVR post Farm Out, Dilution etc.. ?