Providence Resources Share Discussion Threads

[hermana3] 18/9/2020 17:18

Whopping late recorded trade of 5.4m.....

[hermana3] 18/9/2020 16:19

Yes a wee bit of volume alright. Onwards and upwards...

[aimbagger] 18/9/2020 16:13

Some good buying today herm. Not long to wait now

[hermana3] 18/9/2020 14:39

Yes a tailor made entity Spoton are.

[aimbagger] 18/9/2020 14:27

Farm Out partner SpotOn, is a Norwegian co. meaning they have access to "Export Credit Norway" a government backed debt facility, so long as 30% of the consortium is made up of Norwegian co's.This is huge as they can borrow up to 85% of the required funding, cheaply.

[hermana3] 18/9/2020 12:14

Nudged upwards finally ....

[hermana3] 18/9/2020 11:01

And the long and windy speeches and knee bending to pampered movie luvvies like Mark Ruffalo.......

[aimbagger] 18/9/2020 10:59

After days of NT and flatlining the MA's have caught up with the share price and it's on the move! Farm Out could land at any time now and the chart is shaping up beautifully. Golden cross formed on the weekly is extremely bullish.

[druidinvestor] 18/9/2020 10:47

That's not fair Herm, you know he needs to sleep well and conserve energy for all of that awkward street carnival dancing.

[hermana3] 18/9/2020 10:44

So dozy Natural Resources Minister Ryan is sitting on it? He is a stinking Green and "Extremely Low Energy" as President Trump would say...

[druidinvestor] 18/9/2020 10:30

I doubt that there'll be a judicial review Steel. That can only challenge the process rather than the outcome. If Kinsale Energy have received their decisions unchallenged then there's nothing legally wrong with the process (except for being horrendously drawn out!).

[hermana3] 18/9/2020 10:27

The dreaded judicial review surely not Steel.....

[steelwatch] 18/9/2020 10:08

Couple of Ministerial decisions published today for applications by Kinsale Energy originally submitted 2 months after ours, so it must be buried at the bottom of his in tray stack! Hope this does not mean there is going to be a long winded judicial review...

[hermana3] 18/9/2020 09:16

Nice bit of volume early doors.....

[hoper2] 18/9/2020 08:44

From the other thread:

"$1.5B (£1.16B) offer for the company in 2013... current Mcap £42M!"


There was no offer then and there has been no offer since.

[aimbagger] 18/9/2020 07:22

$1.5B (£1.16B) offer for the company in 2013... current Mcap £42M!The imminent Farm Out is about to unlock the enormous value of Barryroe after many years. https://t.co/ImKjxRwzbz

[contrarymary] 17/9/2020 16:17

There is a bit of buying in Dublin at 6 cent. I wonder does someone know something.

[hermana3] 17/9/2020 08:29

Agreed with all above and looking forward to some news here.

[aimbagger] 16/9/2020 22:35

Extremely tightly held herm so can't wait to see the reaction when all the doubters are proved wrong and people are scrambling for shares. The site survey won't prevent the FO completion so isn't the end of the world if it doesn't happen until October tbh.

[hermana3] 16/9/2020 17:04

AIM,They run out of shares here fast. The Minister is currently self isolating so it is not certain when the Barryroe Site Survey permit will be signed off. Will be the least of his worries as he is a woolly jumper wearer....

[aimbagger] 16/9/2020 16:16

Can buy 2500 shares max, £130 ? lots of trades around the mid today, wondering whether an order is being filled...

[hermana3] 14/9/2020 10:08

Yes very frustrating at how long and arduous is the regulatory process for O&G sector in Ireland. And to think there is only one Natural Gas production unit in the whole Island and it will run out in a few years. Madness....

[roadster750] 13/9/2020 12:54

I think the Blue Chip consortium have their eye on the prize, they will be mindful of what passes for government in Ireland but imo that won't delay the FO.

[steelwatch] 13/9/2020 12:51

FWIW, the decision on last years survey came through somewhat faster.

This time around, it looks likely the full 3 months allotted for applications for leave to apply for judicial review after the appropriate assessment determination will go right up to the wire, being 23 September, when, if no applications have been received, then it should arrive in the Minister's in tray.

2019:


2020:

[contrarymary] 13/9/2020 12:42

I agree roadster, but the fear I have is that the delay to the survey application will have a knock on effect and delay any farm out agreement.