Providence Resources Share Discussion Threads

[swizz] 23/7/2021 15:11

p5, consumption, future demand and generation requirements would appear to suggest otherwise,…GL S

[raisethestake1] 23/7/2021 14:30

Switched my stake here to Poolbeg Pharma POLB , an Open Orphan spin off , and new on AIM market. DYOR of course. It may be worth a look for those with time and money on their hands. Professor Luke o Neill on board, well respected in Ireland.

[hermana3] 23/7/2021 07:34

From Today's Irish Times. A letter from IOOA to Mark Griffin, Secretary of Climate Action Deparment.

Alan Linn, chairman of IOOA, warned on Thursday that Government policy was forcing the Republic to rely on importing all its gas and oil needs while EU production was declining.

He pointed out that Denmark, the Netherlands, New Zealand, France and Germany were all experiencing energy security problems as a result of imposing bans similar to the Republic’s.

“The offshore oil and gas exploration and production industry has a 50-year history of involvement in the Irish marine area,” he said.

“It has delivered four gas fields which helped secure Ireland’s energy security for the past 40 years.”

[ps200306] 23/7/2021 00:25

Let's face it, we don't really have a clue what stage the funding is at. We're apparently going with the same model as SpotOn who failed miserably. Yes, SpotOn miscalculated badly about the available of the Norwegian export credit, but that has no bearing on how Linn is going to get an increased bond requirement over the line when SpotOn couldn't. Also, no explanation for why the 3Q target has apparently gone away. Linn's honeymoon period is most definitely over. The SpotOn hookup was a timewaster, and now Linn is missing his own deadlines. Some actual information on the state of proceedings would be nice, but doubtless that will not be forthcoming due to "commercial sensitivities".

[hermana3] 22/7/2021 20:42

Swizz, Something is definitely cooking in the background here and with the exotic share register expect the unexpected. Pageant Holdings has some very experience corporate financiers on its team and they wont let the grass grow under their feet for much longer....

[hermana3] 22/7/2021 20:32

Swizz, Agree that the recent calmness signifies progress in financing. No point teasing this time around. Announce financing details when the ink is dry on contracts and not beforehand. The Board is top class with a variety of skills tailor made on the Corporate Finance front. A little while longer required of course....

[amran01] 22/7/2021 20:27

Swizz. I do hope this comes good. But let's be honest, Alan and co paid social media experts like Zak to pump this up before announcing a farm out agreement with no funding. Zak said farm out funding was pretty much in the "bag" by the end of jan, then Feb, then March.. A lot of misinformation was out there from these paid rampers and Alan and co were happy to entertain it. This could very well now be pulled off as you say. Especially when people are least expecting it.

[hermana3] 22/7/2021 20:00

Spoton were shown the door not long ago. Alan needs finance sorted by year end and market is not panicking by any means.

[amran01] 22/7/2021 19:53

If Alan really was to get the funding alone, he would have done so by now. It doesn't take this long to get funding and the oil price has been stable for long enough now. Alan has run out of excuses which is why he didn't say anything material at the AGM. Getting Zak Mir or other twitterati pumpers to ramp this up for Alan isn't going to work either. I believe people have learned their lesson and until funding news is announced, no material money will be invested by shareholders in to logp / pvr.

[hermana3] 22/7/2021 19:45

hxxps://www.independent.ie/business/irish/former-davy-boss-to-reap79m-as-bank-of-ireland-sale-heraldsreturn-of-banker-bonuses-40679538.html

[hermana3] 22/7/2021 19:31

The headline writers of the dailies will be hard pressed to come up with a punchy header early doors....

[hermana3] 22/7/2021 18:55

Raise, We learnt that Minister is still "studying" the regulatory applications. We could be stuck with his consistent blocking stance for another 3 years, Good to hear Alan sees Helvick in production someday soon.....

[thevoid] 22/7/2021 16:37

Posted on the wrong board so I repeat.

This is what we get. What did the large sharehoders get to keep them on board?

Providence Resources. Registered Office: Paramount Court, Corrig Road, Sandyford Business Park, Dublin D18 R9C7Result of AGMDublin and London –22 July-Providence Resources P.l.c. (PVR LN, PRP ID), the Irish based resource development company (“Providence” or the “Company”;), is pleased to announce that all resolutions were duly passed at the Company's Annual General Meeting held earlier today.EN

[steelwatch] 22/7/2021 16:37

Good luck raise. Must admit I fell asleep before the end of the presentation. Just went back to the link and replayed the last few minutes to hear the possible significance of Helvick to Barryroe if the undrilled Jurassic ever gets tested in this lifetime.

[thevoid] 22/7/2021 16:34

That's what we get. What did the large shareholders get to keep them on board?

Providence Resources. Registered Office: Paramount Court, Corrig Road, Sandyford Business Park, Dublin D18 R9C7Result of AGMDublin and London –22 July-Providence Resources P.l.c. (PVR LN, PRP ID), the Irish based resource development company (“Providence” or the “Company”;), is pleased to announce that all resolutions were duly passed at the Company's Annual General Meeting held earlier today.

[hoper2] 22/7/2021 16:20

Standby for another farm-out deal with a company that nobody has ever heard of, that has no financial history and no money. PVR will then announce another fund raising to keep them going until the "farm-out" is complete. That will keep the board happy (they get their large salaries) and the shareholders (they hang on to their dreams). It's worked several times before - why not again?

[contrarymary] 22/7/2021 15:46

Sorry to see you go Raise, but understandable. Best of luck going forward. I am thinking I won't be far behind. I am very unimpressed with the presentation today. They have achieved no forward progress. Creating shareholder value me hole.

[kibes] 22/7/2021 12:23

New Board members look useful. I hope they know how to raise money. But the big question is still whether the Greenies will ever sign on the dotted line to develop a new oil field? With the COP climate change conference coming up? It's a hell of a headwind.

[amran01] 22/7/2021 11:56

How do they plan to pay for these board members? By issuing warrants at 3.5p? They have milked the PI's to the bottom of the barrel.

[contratony] 22/7/2021 11:47

We've appointed some new board members.
Were reviewing everything.
We haven't got full govt approval to continue yet.
We haven't any money.

[johnswan193] 22/7/2021 11:39

Just connected as it was finishing. What did they say?