Providence Resources Forum

It would have to be 11p on open. Price after that will depend on how convincing his spiel is. Tho it will have to be good as we have heard ' we have a load of oil in the ground' one too many times. to quote jimmy it is the last throw of the dice.

10p with shares trading at 15p within the week

Only in Ireland could a license be awarded to a company that is negotiating its way out of bankruptcy!

Europa CEO Hugh Mackay on the 2nd round of licensing awards: Europa CEO Hugh Mackay said, 'We are delighted with the offer of four Licensing Options in phase two of the 2015 Atlantic Ireland round against strong competition and further building our Irish licence portfolio. Subject to formal award, we will have a diversified portfolio of seven high impact exploration licences across three basins in offshore Ireland and representing a range of geological risk, hydrocarbon plays and exploration maturity. We look forward to providing technical information to the market once our offers have been formally accepted. Europa has a leading position in the Atlantic basins of Ireland; a region that has now emerged as a global exploration hotspot with major and mid-cap oil companies taking substantial acreage positions and associated work programmes. 'Europa was one of the pioneer companies who have played a role in reactivating industry interest in Atlantic Ireland and we feel that the entry of majors and super-majors is providing validation of our belief in Ireland's exploration potential. This is a hugely exciting moment for Europa and for the rest of the industry and we hope that exploration momentum continues to build and that at some point in the not too distant future the exploration potential is realised with a significant discovery.'

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2nd round of licensing awards announced, pvr has been awarded but looks like europa did quite well they got 4 LO's

Well am only guessing but would make sense to avail of low drill rates. Also one of them has to come good. If they all fail then we will be no more. anyway no one know yet.

If thats true, its huge stakes they shouldnt adopt big bang approach need to look at an option how best value will be appreciated.

I think/hope they will drill spanish point, barryrie, druid with schumlemberg

Let company issue an rns, not really sure whats happening. I still see it can be backup measure