Providence Resources Share Discussion Threads

[contrarymary] 04/8/2020 14:03

Aren't we still waiting for the dept to sign of on the permit?

[hermana3] 04/8/2020 13:59

Road, Do you know that for a fact?

[roadster750] 04/8/2020 13:53

Mary, well Kommandor steaming into Bergen as I type, if after that it's next stop is Cork !

[hermana3] 04/8/2020 13:53

Normal profit taking after buy up pre news.

[contrarymary] 04/8/2020 13:44

Looks like someone cashing in their profits.

[roadster750] 04/8/2020 13:40

Must be some more good news on the way, share price worked down just like last week prior to consortium news.

[hermana3] 04/8/2020 08:38

So it is not the Glen Dimplex CEO(S.O'Driscoll). Who is the mystery buyer then?

[1cagney] 03/8/2020 16:47

Road, that was a great movie in fairness.. If not being uber confident is considered by you to being negative then I'm guilty. But I'm invested here to my comfort limit. Something that a negative guy wouldn't be.

[roadster750] 03/8/2020 16:36

cag, You put me in mind of this dude.😁

[1cagney] 03/8/2020 16:10

All polished websites Road, but Schlumberger got it wrong on the last drilling adventure.

[roadster750] 03/8/2020 15:45

Six of the best.

[roadster750] 03/8/2020 08:51

Its obvious Alan and co are pushing hard and working to a tight schedule, so far the updates have been coming as promised. PVR has been transformed from an aimless vanity project into a hard edged operation bent on success.👍

[srvsrv] 03/8/2020 08:36

AIMBagger: yes, of course the programme AND the farm out % has been discussed and more and less agreed. Otherwise they wouldn't have released the names.

[aimbagger] 03/8/2020 08:25

Work programme to come next!"the work programme will form the basis upon which commercial and funding arrangements are finalised."With the consortium partners names having been released you would think that a lot of the work programme has already been discussed!

[riley9] 02/8/2020 23:20

Currently bullish, as you point out - so buy and put trailing stops in. That way rather unlikely to end up 'quids out' as you so eloquently put it.

[papillon] 02/8/2020 17:38

Congratulations to those who bought LOGP and/or PVR shares for the first time this year. They have made an excellent return. Those who bought at the the end of March/very early April have done exceptionally well. Those who bought LOGP and/or PVR in previous years at up to 70p for LOGP and £7 for PVR and still hold, tough!! You bought a pig in a poke!

As I've been posting for some months now the LOGP & PVR charts have been bullish since April.

At least the consortium has been named and though it doesn't contain any oil majors it does contain some well respected names.

Now the serious negotiation between PVR and SpotOn and the consortium members can take place. Will it lead to a farm in deal on Barryroe? Who knows? If there is a farm in deal will PVR & LOGP keep half of their current percentage stakes in Barryroe, as promised by the failed APEC farm in, or will it be less? Who knows?

I'm only an interested onlooker having dabbled in PVR & LOGP shares in the past. However I stopped gambling on oil and oil exploration shares over a year ago (as I've mentioned many times before) and though I was tempted to have a small punt at the end of March/early April I resisted the temptation. I gambled on gold instead when the gold price temporarily plunged at the end of March, via an investment trust(GPM), instead.

PS Long term holders would do well to remember Barryroe was first discovered by Exxon almost 50 years ago and has yet to produce oil commercially. Oil majors have drilled wells on Barryroe in the past, but have always walked away.

PS. You make a good point, hoper2, with "who provides the money"? LOGP & PVR are a complete punt at their current sp's. If it all comes out trumps a gambler could be quid's in, whereas if it all goes the way of the APEC deal you could be quid's out. Pays your money and takes your chances. That's AIM O&G hopefuls for you. Trade by all means, but be careful to take profits along the way. Don't be like hermana3 and steelwatch and pay top dollar for your shares, continue to hold as they drop in price and then add more all the way down and continue to hold.

[contrarymary] 02/8/2020 12:05

Mystery surrounds Providence shareholder’s identity
Former Glen Dimplex chief denies he is the unnamed major investor in oil and gas explorer

Barry J Whyte
Barry J Whyte

Chief Feature Writer

@whytebarry
Ian Guider

Markets Editor

@ianguider
Ian Guider
2nd August, 2020
Mystery surrounds Providence shareholder’s identity
Sean O’Driscoll, the former boss of Irish industrial giant Glen Dimplex, has denied that he is the S O’Driscoll in question.
Providence Resources, the beleaguered Irish oil and gas exploration company, cannot say for sure who one of its top shareholders is, despite notifying the stock market about the holding nearly a fortnight ago.

The company told the stock market on July 20 that a pair of investors, who were named only as “S O’Driscoll and R O’Riordan̶1; held 3.56 per cent of the shares in the company, worth nearly €1.65 million at the current share...

[roadster750] 02/8/2020 10:45

Spotted by Battle on lse
Business post story.

Mystery surrounds Providence shareholder’s identity
Former Glen Dimplex chief denies he is the unnamed major investor in oil and gas explorer.
Any one out there cut and paste!

[1cagney] 31/7/2020 18:03

It would seem that the sun is trying to peep out from behind the clouds.

[hermana3] 31/7/2020 14:57

Yes Road our not esteemeed ex CEO shares the "dry hole" record with George W Bush of whom a wag once remarked "That there Daddy's Boy couldn't find a quart of oil in a 7-Eleven store"

[roadster750] 31/7/2020 14:41

Herm, yep that 900k to see him off was a great investment by PVR.Would expect ToR with his latest venture to be a leading figure in the green movement, after all he can state in all honesty that over the last 30 years he has been a prime mover behind the "keeping it in the ground" philosophy.🤣

[hermana3] 31/7/2020 14:34

Yes our Alan is partial to Friday morning RNS's to enable weekend press coverage. No flies on him for sure.....

[riley9] 31/7/2020 14:26

Weekend press could be quite interesting. Certainly should be fairly positive, if not rather more.