Share Name Share Symbol Market Type Share ISIN Share Description
Providence Resources Plc LSE:PVR London Ordinary Share IE00B66B5T26 ORD EUR0.001
  Price Change % Change Share Price Shares Traded Last Trade
  -0.175 -4.38% 3.825 1,147,969 12:10:11
Bid Price Offer Price High Price Low Price Open Price
3.75 3.90 3.925 3.825 3.925
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -18.15 -3.04 32
Last Trade Time Trade Type Trade Size Trade Price Currency
16:27:19 O 300,000 3.90 GBX

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Date Time Title Posts
10/7/202023:21PVR - The Irish Explorer60,735
25/6/202016:25PVR SHORT DOWN TO 1P2,380
13/4/202007:03PVR - The truth about "Junior" -
13/4/202007:03Providence Resources (PVR) One to Watch 1
13/4/202007:03PVR - Providence Resources10,231

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Providence Resources Daily Update: Providence Resources Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker PVR. The last closing price for Providence Resources was 4p.
Providence Resources Plc has a 4 week average price of 3.10p and a 12 week average price of 2.03p.
The 1 year high share price is 12.50p while the 1 year low share price is currently 1.08p.
There are currently 835,397,852 shares in issue and the average daily traded volume is 1,308,299 shares. The market capitalisation of Providence Resources Plc is £31,953,967.84.
hermana3: San Leon Energy have revalued their interest in Barryroe using current PVR share price as their barometer. We are a one trick pony now....
contrarymary: I do believe things are much different now. Alan Linn seems to know what he is doing which is a massive positive. Spoton may or may not come on board, but the £500,000 that they have invested is a very positive indicator. I would hate to have missed the boat if everything comes good. The share price is still very good value given the incredible potential.
contrarymary: I think recovery in the share price is going to be a more gradual process in the short term.
hermana3: Steel, And when he's got a Barryroe deal then he can get a fundraise at a premium to current share price.
jdelff: This is a strange case, approval for survey is received and vessel is booked, as well as 3 press releases confirming documetation has been received from the payee bank (mentioned with name) that the money for the loan has been paid. Unless these press releases are false, something very very strange is going on. 3-4 month ago the share price was .015 - 0.16, with no money in the bank and no approvals, today the share price is half with 0.08 with approvals and money on the way accordingly to official press releases from PVR, as well as not to forget a trimmed organisation (staff and cost-wise). How can this be explained...?? In any other case, the advise would be - take your loss and get out, but the upside here is enourmous.
abudhabi123: Herm...Have you seen how the MM's in Dublin are manipulating the PVR share price, brought it down by 30% on 52K shares!!!
papillon: If, as some believe, the extension to the payment deadline to 5th July had anything to do with the pending approval of the site survey why doesn't the RNS state that? Why haven't APEC told PVR/LOGP that they wont pay the US$9m until the site survey approval is granted? Why tell lies? It doesn't benefit the share price. Why does the RNS state ... "Due to delays associated with internal transaction processing with their investors" ... is the reason why APEC haven't paid that US$9m as promised? Surely if that's a lie and not the truth and PVR/LOGP know that then PVR/LOGP are guilty of issuing false information in an RNS? That's something that the London Stock Exchange would take a dim view of. I believe in the facts and an RNS should contain the facts! I don't believe that PVR/LOGP have told lies in today's RNS. Whether what APEC state is the truth, the whole truth and nothing, but the truth who can know? They appear to be a secretive, opaque, organisation. Telling lies in an RNS is a serious matter. Would PVR/LOGP come out with a statement in today's RNS if they suspected it was a lie? I somehow doubt it; the LSE would not be pleased if they did.
2solaris: Cephalosaurus - 28 Sep 2018 - 08:22:59 - 3962 of 4150 LOGP Lansdowne oil & gas - LOGP More from Jimmy 23, (previously Jimmy 24) on the iii PVR board... Barry roe news? Market Discussions Providence Resources (lse:pvr) Jimmy23 8d Pvr need to issue a corporate presentation on the impact and information to be achieved from the drill program and how this will impact the development plan. Where are the wells to be drilled and why. Are any of the wells to include testing of the gas zones for early production. What’s the potential of the Jurassic, I suspect itâ€T82;s huge and pvr should have mapped it by now, this potential needs to be disclosed to shareholders. J anovas 6d BARRYROE FARM OUT FORMALISED Dissemination: 20 September 2018 08:10 BST Providence Resources (PVR LN) has announced the formalisation of its farm out agreement for the appraisal of its Barryroe field, offshore Ireland. The deal, which was originally announced in March this year, will see a Chinese consortium, headed by APEC Energy Enterprises finance a comprehensive appraisal drilling campaign in 2019. The farm-in offer originally constituted three firm wells, plus any required sidetracks, however the deal has subsequently improved from Providenceâ364;™s perspective, with the programme now comprising four firm vertical wells, one horizontal sidetrack and two optional horizontal wells. On top of this, APEC will now pay PVR US$9m upfront and a further US$10.5m ahead of the campaign, to cover any early costs associated with the project. Importantly, in spite of this expanded work programme Providence is not required to relinquish substantially more than originally expected, with APEC still farming into a 50% stake, halving Providenceâ364;™s original 80% interest. We see today’s news as significant on a number of counts. Although we considered transaction risk low, sign off was required from multiple parties including both the Irish and Chinese governments, and therefore the fact that the agreement is now binding quells any concerns that the transaction would not complete. Secondly, despite industry cost inflation since announcement of the deal, the committed appraisal programme has grown in size –; indeed the committed capital investment by APEC has more than doubled on our numbers to c.US$250m (gross) from c.US$100m, assuming that both horizontal well options are exercised. In our opinion, this is a clear demonstration of APEC’s enthusiasm for the project, and its intent to press ahead as quickly as possible. From Providenceâ364;™s perspective, it now has a fully funded appraisal campaign, worth some US$100m net to PVRâ€482;s residual 40% stake, due to commence within the next 9 months. The campaign will determine Barryroeâ̈́4;™s commerciality, and could add to the field’s c.350mmbbls of already discovered resource (gross, 2C recoverable). The company released the news alongside interim results, which bear only limited significance. Cash on the balance sheet at the end of June totalled just over €12m, with zero debt –; down from €19.5m at the start of the year. Naturally this does not include the benefit of today’s cash injection, which, after accounting for PVRâ€482;s carry on Barryroe, leaves the company in rude financial health. Authors: James Midgley, Energy Research Analyst +44 (0)20 3167 7273 Tim Hurst-Brown, Energy Research Analyst +44 (0)20 3167 7276 Jimmy23 6d looks like Pvr will be drilling a deep well at Barry roe to test the Jurassic potential of the area. There is a good presentation by lansdowne on the regional source rocks in the Celtic sea at Lansdowne Oil and Gas Plc 3 Lansdowne Oil and Gas Plc Lansdowne Oil and Gas plc is an oil and gas company which has exploration rights in the Irish offshore shelf areas Celtic-Sea-Conference-Dublin-April-30-2014.pdf 7.49 MB It appears that deep Barry roe is mature for light oil from lower Jurassic source rocks. The seismic for Barry roe shows that there appears to be a large structure at the Jurassic level. The question is what reservoirs are present at that depth. The Helvick oil field on the northern side of the basin encountered 42 foot of Jurassic reservoir and combined with a limestone reservoir at that level flowed at 9901 bbl per day. So if those reservoirs are present in deep Barry roe then you are looking at very big reserves, potentially high flow rates, and such reservoirs could act as the basis for field development project finance . This is exploration. The wells to be drilled by pVr starting about six months are mostly appraisal wells in Barry roe, and investors should ask themselves what is the purpose and risks of those wells. There are already six wells drilled on the Barry roe oil field which proven the presence of the oil and its flow rate characteristics and established the oil water contacts in the field. All of which have been independently verified in a competent persons report. So why drill more and why was Barry roe not developed before this.? In my view, which I hold for a very long time, the problem relates to the fact that the Barry roe reservoirs are very thin and until recently were below seismic resolution, so the mapping of the reservoirs was previously performed by mapping the next deepest rock that could be identified on the seismic and this gave a good approximation of the location of the reservoir . Unfortunately such mapping was not detailed enough to identify very small faults, which if present could compartmentalise the field and make the placing of development wells difficult or near impossible . This problem was caused by a seismic signal called a multiple which was caused by the presence of a thick chalk section below the seabed. Fortunately new technology used by a company called seismic image processing has been able to remove the seismic multiple and the barryroe reservoirs have been mapped directly and the intra reservoir faults have been mapped for the first time. The calibration of the new seismic has used six wells drilled to date in Barry roe and the drilling of another five wells will provide a huge data base to calibrate the seismic for field development purposes. So these forthcoming wells are really pre development wells and not exploration as the field is already defined, and hence the risks are very low. In addition, direct mapping of reservoirs is essential for the purpose of drilling and directing horizontal production wells in a thin reservoir as you need to know precisely where to place the horizontal portion of the well. This new seismic will allow that to happen and the drilling of the horizontal well will demonstrate this. Furthermore, the flow testing of a horizontal will indicate the production capability of such a well for development planning purposes. With so much low risk data to be collected, itâ€T82;s hard to see the development of Barry roe not proceeding, which creates an incredible investment opportunity, which has been validated by the farm out. Pvr has 40% and no cash expenditure to get Barry roe to a development decision . Hence Pvr and lansdowne are now incredible investment opportunities. Valuations are extraordinarily low. Jimmy GunsOfMarscapone - 27 Sep 2018 - 23:02:29 - 3961 of 4150 LOGP Lansdowne oil & gas - LOGP No offence but its not the Jimmy23 of ‘Chariots of Dust’ fame is it? Cephalosaurus - 27 Sep 2018 - 21:56:03 - 3957 of 4150 LOGP Lansdowne oil & gas - LOGP By my reckoning, Jimmy values logp assuming $5 pb, at 21p per share right now. I am inclined to agree with Jimmy23. I know who has been around here for the last 6 years, and he has been considered to be the cynic of PVR in his time. His opinions during the bad times were hard to stomach, but all that has changed. Cephalosaurus - 27 Sep 2018 - 21:49:09 - 3956 of 4150 LOGP Lansdowne oil & gas - LOGP Credit to Jimmy 23 over on iii. Nice to know he is still looking in. (That website has gone to pot and put off all posters): Barry roe deal done Market Discussions Lansdowne Oil & Gas (lse:logp) Jimmy23 8d Deal is done, this share price now massively undervalued. Five well drilling programs fully funded. Buy now. Jimmy created 8d last reply 1d 2 replies Jimmy23 4d At the current share price LOGP currently valued at $0.45 per bbl of independently certified 2c reserves with a carried interest in five wells to be drilled in about six months time and huge upside as posted on the PVR. Site. With an $80 oil price it would be fair to value them at $5 per bbl. huge upside here . Jimmy Jimmy23 1d Hard to believe this share price has not at least trebled from here. With a carried interest in five wells and ten per cent interest in 346 million bbl and a market capitalization of only £10.5 million the market has noticed logp. Seems to me they will be ripe for a takeover, and it will be a multiple of this share price and still be great value to an acquirer who gets all the upside of the deeper oil at barryroe. Take your position because this will happen quickly. J
papillon: "grinch"? No, cagney, but I have been called a realist! :-) I go by the news the company issues (and that's been excellent recently) and the PVR share price chart (and that looks very bullish and has done for most of 2018). I don't indulging in fantasising. Anyway PVR doesn't need fantasists at present because it's already got a lot going for it!
papillon: srvsrv 29 Sep '18 - 11:25 - 56186 of 56191 0 0 0 papillon - but the valuation of PVR has also been very very low compared to the assets. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> But I DIDN'T say PVR's valuation is "very very low compared to the assets", srvsrv, now did I? All I said was if you look at as many share price charts as you care to, over as long a period as you like, it's very, very, rare to see 7 consecutive daily white candlesticks and even rarer to see 8 consecutive daily white candlesticks. For all I know we will see 8 consecutive white candlesticks on Monday and 9 on Tuesday, but going by past experience the odds are against it. I can't predict the future, so I can't predict Monday's candlestick. However whatever Monday's, or Tuesday's, candlestick is I have NO DOUBT that PVR is currently undervalued on it's potential and prospects and whatever the colour of Monday's, or Tuesday's, candlestick that the PVR share price will go higher than it currently is, probably much higher. I'm NOT basing my argument on any chart based prediction, like Zak Mir is. I'm NOT making any prediction based on a chart pattern, or signal, or indicator. I'm just looking at the odds of 8 consecutive daily white candlesticks based on previous experience. You mention that the HUR share price went from 10p to 40p "within few months" under similar circumstances. As a matter of interest did the HUR chart show 8 consecutive white candlesticks at any time during that "few months"?
Providence Resources share price data is direct from the London Stock Exchange
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