Providence Resources Forum

How much would this share price move with real news, as opposed to news just letting us know the office is still functioning. I would anticpate this may be the first of many soundbites over the next couple of weeks, hopefully all resulting in a positive impact on SP. Scary to see 52week high now below .40. Would give my right arm for .40. now!

From The OILMAN:

Today Providence have given a detailed asset portfolio update which now has more than usual interest following the Irish licencing round which has been part announced. Whilst it comes as no surprise that Barryroe has yet to be farmed out the company continue to say that discussions are continuing, as is a possible alliance of contractors being considered. What I find of more interest is the new neighbours on the block, or at least adjacent to the blocks. Interest in Ireland has been confirmed by the recent round and this is confirmed by the fact that the largest acreage in the Porcupine Basin is now held by the Exxon/Statoil JV then CNOOC, PVR used to be the largest holder but that is now less relevant, its the company you keep that matters sometime. Finally, like everywhere else the costs of drilling are coming down, proposals under review have fallen from $80m to $24m making those dollars stretch way longer than they used to. PVR has let people down in the past and for some only when Barryroe is finally farmed-out will they restart the trust programme, but it should be well and truly on the radar screens for investors at the moment.

Thanks Anovas, let's see if these talks turn into anything.

saudi arabia wont last much longer with oil at $30 abarrel one half of their GDP at $750 billion was made up of oil at $100 a barrel their pop. at 31 million

saudi arabia wont last much longer with oil at $30 a barrel

Still there is no find it's a hope we are standing on

Hi Spuddy, might be Exxon shown interest after massive finds near Canada during late 2013, might be there log data in previous drill would have helped them to retry at Irish offshore. Providence best option is takeover they have taken enough time; regarding Indian company I doubt would have interested to allocate blocks to them the competitors who got are big boys

Both I believe. With the Turks attacking the Kurds and Syrian Government positions in Aleppo province today and with Saudi talking about moving troops to turkish Incerlick base all under the excuse of fighting ISIS Irish Oil Will start to look more attractive. The middle east is primed to Explode and with it Oil Suplies ( quite possibly) will be affected. There is alot of Oil and Gas around Ireland. Providence need to stop spending money they Don't Have. Things will turn around.

So many ifs n buts

Hi Spuddy, if the log data was some what positive what would be the objective you think not to release is it to avoid bidders or to create a negative environment