Share Name Share Symbol Market Type Share ISIN Share Description
Providence Resources Plc LSE:PVR London Ordinary Share IE00B66B5T26 ORD EUR0.10
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 11.825p 45,027 08:00:00
Bid Price Offer Price High Price Low Price Open Price
11.50p 12.15p 11.825p 11.825p 11.825p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -18.15 -3.04 70.7

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Date Time Title Posts
26/5/201919:44PVR - The Irish Explorer58,007
31/3/201912:02PVR SHORT DOWN TO 1P2,007
07/1/201912:41PVR - Providence Resources10,230
20/9/201810:30Providence Resources (PVR) One to Watch -
31/7/201709:30PVR - The truth about "Junior" -

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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 11.83p.
Providence Resources Plc has a 4 week average price of 11.50p and a 12 week average price of 11.50p.
The 1 year high share price is 18.20p while the 1 year low share price is currently 9.50p.
There are currently 597,658,958 shares in issue and the average daily traded volume is 120,509 shares. The market capitalisation of Providence Resources Plc is £70,673,171.78.
itsriskythat: Post 57449: “Yes, history suggests a placing will happen at Lansdowne in April. You usually need a share price rise to support a placing at a reasonable discount.” Post 57460: “Regarding LOGP placing, this was already addressed the other day ad nauseam. They have funds until August if the small amount outstanding warrants are exercised by which time drilling, which is scheduled for Q3, may well already be underway.” I think on closer examination that Lansdowne will need to show they have the funds for eighteen months from the year end, which is until 30th June 2020 in order to get past the Auditor this April. But I’ll check because I’ve already seen such a statement from the Auditor in their accounts for last year. I think funding must be resolved by April.
srvsrv: Goldman Sachs buying is a strong signal. Friday deadline for comments regarding the seabed survey - if none we should get info regarding when the survey will start and next when drilling will. Any thoughts regarding share price at drilling start?
itsriskythat: Yes, history suggests a placing will happen at Lansdowne in April. You usually need a share price rise to support a placing at a reasonable discount
itsriskythat: Just to be clear about the above chart: As well as the Barryroe asset, Providence has its portfolio of other prospects above (post 57032). To get the market value of Barryroe in the Providence share price, there is Lansdowne’s independent valuation of Barryroe, which is its only asset. During August 2018 the share prices of Providence and Lansdowne were quite flat and averaged 10.8p and 1.39p. Lansdowne at 1.39p valued its 10% of Barryroe at $13.2m, including the Lampe loan and excluding a small amount of working capital. Providence at 10.8p was valued at $72.3m, excluding the working capital. Subtracting 4 x $13.2m = $52.8m for Providence’s 40% of Barryroe, and ignoring the effect of the San Leon NPI, this values the rest of the Providence portfolio at $19.5m So assume the Providence portfolio is still worth $19.5m today.
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"?
peaeff: Its Thanks for posting the interview but, as others have commented, the information therein is no more than we already know. However, possibly personal to myself, I find these interviews with TOR extremely galling. Having been here for a number of years there are significant points that spring to mind whenever he starts bleating on about 'shareholder value' because I and, I am sure, many others, have yet to sample any such thing. I can only think that he is talking about the institutional investors who own between them most of the PVR shares. Do I believe in him as a CEO? Yes to a large degree I do, and to a smaller degree you could say I've had to, or take a significant loss. Barryroe has been the sticking point for me and I believe it will come good despite a long time coming. Since becoming a shareholder here I have had to suffer the effects of a 100/1 share consolidation which reduced the shares in issue to around 42million. They then sold the only producing asset we had, to go speculating, and failed. Then followed an issue of further equity pushing the shares in issue to around 64million. Capital was already dwindling to danger levels when we were hit with the costs of failure in a court case with Transocean with unpaid debts from Barryroe. That left us at a critical stage, the possibility of folding and the suspension of shares for a while. Then came a further huge issue of equity taking the shares in issue to current levels and, the share price to lows of 6p. WHERE ON EARTH IS THE SHAREHOLDER VALUE THERE. However it seems that with any luck the situation has been somewhat redeemed, not the share price, for the time being and hopefully things will improve from now if only slowly, but please don't place it under the umbrella of "SHAREHOLDER VALUE" until that point is proven. For some though it never will be. rant over, regards
papillon: srvsrv 16 Apr '18 - 14:15 - 55131 of 55133 0 0 0 7th trading day in a row with rising share price. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> Only according to the advfn candlestick chart. Not to be trusted. The official London Stock Exchange PVR candlestick chart doesn't show 7 consecutive days of a rising share price The following chart has yet to include today's share price movement. hTTp://
1cagney: Herm, So an rns is not only necessary from PVR re Capital shareholding but is a legality ? Richie, Credit where credit is due but I would think its fair that you equally publicise the negative aspects of your 'hot tips' Anyway if PVR share price goes where we all want it to go I'll join ye for beers in Dublin. (With or without the blac bush)
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