Providence Resources Share Discussion Threads

[swizz] 06/7/2022 09:25

It’s another busy day on the Euronext exchange for PVR, with decent volume and share price currently +7%,…GL S

[theshenagainagain] 06/7/2022 08:27

Germans are now rationing hot water....

[swizz] 06/7/2022 07:53

I would doubt NF and the Pageant team would entertain a low ball offer, LOGP are probably more at risk of being taken out, as they would be petty cash for LG and Vevan to secure another 20% of the Barryroe project,..GL S

[theshenagainagain] 06/7/2022 03:22

Some big buys reported late yesterday. Someone is accumulating. The worry now is that we will be bought out for a pittance.

[hermana3] 05/7/2022 18:32

New CEO checking in at a good time for sure..

[roadster750] 05/7/2022 16:11

This situation appears to be worsening,
"Norway has warned that gas exports to the UK could be shut off this weekend if a workers’ strike escalates, with up to 60 per cent of the Scandinavian country’s supplies under threat from industrial action"

[tomboyb] 05/7/2022 14:09

Goldman raise TTF #gas forecast to €153 for Q3 -

$260 per barrel of oil equivalent -

Nutx -

[tomboyb] 05/7/2022 14:00

Prepare for gas rationing this winter, factories told
National Grid warns it may have to impose ‘involuntary’ restrictions on supplies

[swizz] 05/7/2022 12:37

Whilst this article and IEA comments are directed towards the UK, they certainly should not be overlooked by Ireland’s government and specifically Eamon Ryan and his colleagues at the DECC, a wake up moment is fast approaching and serious decisions need to be taken before the EU scramble to be fit for winter,…GL S



“Norwegian gas strike shows the danger of the UK’s dithering on domestic drilling, says IEA energy analyst”

“Today’s strike by Norwegian oil & gas workers in the North Sea, and the consequent surge in European gas prices, reminds us of the danger of the UK government’s dithering on fracking and imposition of a windfall tax.

“The EU is dependent on Russia for around 40 per cent of it’s gas imports, with Norway responsible for a further 20-25 per cent. Both countries are throttling supply which will endanger efforts to build reserves for the winter and provoke an even more extreme crisis than the one expected.

“The UK, while not dependent on Russia, is highly exposed to Norwegian supply. They provide us with about 40 per cent of our gas supply, and we have no serious reserves to offset disruption from short strikes.

“Longer disruption from a protracted dispute will force the government to pay British industry to shut down, and presents a significant risk to domestic heating supplies this winter.

[roadster750] 05/7/2022 12:10

This just won't do, I'm not accustomed to Pvr share price behaving this way, its most unsettling🥳

[wpc9] 05/7/2022 11:47

if this happens which is still a long shot but looking better as times passes
the sky is the limit with the potentisl long term valuatipn of Barryroe Offshore Energy

[r9505571] 05/7/2022 11:30

BarryroeArticle TalkLanguageWatchEditBarryroe is an undeveloped oil and gas field discovered in the Atlantic ocean due south of County Cork, Ireland. Close to the exhausted Kinsale Head gas field, it is as close as 3 kilometres (1.9 mi) to the Kinsale Head existing pipeline.[1][2][3][4] The discovery is at a water depth of 100 metres (330 ft).[5] Several attempts were made to find a commercial field at the site in the 1970s but although they struck oil, none were commercially viable. It has been rated as the equivalent of a large North Sea oil field.[6]Barryroe oil and gas fieldKinsale Gas Field Map.pngCountryIrelandRegionCeltic SeaOffshore/onshoreOffshorePartnersProvidence 80% Lansdowne 20%Field historyDiscovery1981ProductionEstimated oil in place1,000 - 1,600 million barrels (~?220,000,000 t)Recoverable oil311 million barrels (~4.24×107 t)Recoverable gas207×109 cu ft (5.9×109 m3)As of 2020, the field is 80% owned by Providence Resources (via subsidiary Exola) and 20% by Lansdowne Oil and Gas (via subsidiary Lansdowne Celtic Sea).[7]Providence has long been seeking a partner to finance development of Barryroe.[8] In 2015 it attempted partnership with Sequa Resources, and in 2018–2020 partnered with Chinese APEC Energy, both without success.[8]Providence estimated the total reserve in place between 1 and 1.6 billion barrels (160×106 and 250×106 m3) in July 2012.[9] In April 2013 an independent audit estimated the recoverable total at 311 million barrels (49.4×106 m3) barrels of oil, and 207 billion cubic feet (5.9 billion cubic metres) of gas.[10] This gives a total of 346 million barrels (55.0×106 m3) of oil equivalent.

[bill216] 05/7/2022 11:02

Just switched a few grand from Pvr to Logp hoping I'm being clever but tbh there's not much evidence of that in my trading history!

[daar] 05/7/2022 10:53

PVR rise bodes well for #logp :)

[the count of monte_cristo] 05/7/2022 10:43

Wow! p5tvr has got this so wrong. Funny that he isn't posting on here so much now.

[tomboyb] 05/7/2022 10:36

Gas prices will be horrendous this upcoming winter -

Lets see what transpires, now is probably the time to look @ this in detail. Very late into PVR but if Barryroe comes on board in what is probably the most difficult time in living memory, the who knows where the share price will be -

Also in IOG -

Thanks Swizz -

Read through your posts -

[theshenagainagain] 05/7/2022 10:29

Share price looks like it is ready to explode. Obvious that there are plenty of buyers looking to accumulate at low prices, but very little supply available.

[sigma3333] 05/7/2022 10:25

swizz
Mr Curran will use PVR as a vehicle for growth. The first thing he shall do is buy production. This production shall finance more deals and a virtuous circle of growth shall be in place.
Barryroe - he'll bring in an experienced team to optimize value.

siggy

[tomboyb] 05/7/2022 09:58

1000 shares max online -

[swizz] 05/7/2022 09:46

Good to note a strong L2 order book this morning, with very little on offer and the market bidding for 1.5m, …GL S

[jotoha2] 05/7/2022 09:19

If Mr Curran sorts out the GAS and it's a big if , then £2 a share here will be a formality , the trick is sorting it at the top .

[swizz] 05/7/2022 08:37

Perhaps Alan Curran the new CEO should be placing more emphasis on the gas reserves at Barryroe, as there appears to be no stopping the run away prices, the month ahead uk gas is now above 300p, the day ahead is up 18% to 270p/therm, with TTF now at 168MWH and we are heading towards $300 per barrel of oil equivalent, that is certainly transformational for Barryroe, as is $110 plus for Brent crude, …GL S

PS..A very lively start on Euronext this morning!, +19%

[theshenagainagain] 05/7/2022 03:54

Hey Peewee. How much of a price increase would you be anticipating when the lease undertaking is issued? Things could get juicy very quickly.