Providence Resources Forum

The road to Rio, its looking like all at head office will have to watch the sailing progress from Donnybrook!

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All the oil & gas in the world under ground & soon the boys in HQ won't be able to turn on the heating with funds running low.

The most likely scenario here is a sale of millions of barrels of oil & gas for virtually nothing in a distressed asset sale. Another fund raise won't be successful as I'm sure all investor's can remember that we were assured that a farmout was only weeks away after the last fund raise. PVR team are staying quiet, lets hope we the shareholders can keep paying excess salaries for a few more years to come with zero return. Similar to a charity services really, I can sleep sound.

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Russia has said its production will drop 6.75% next year. Saudi is geting the chance to save face and cut by circa 6/7%. Think they will let frackers drown at 20 dollars a barrel for next few months before OPEC comes to an agreement with Russia etc .

Its Tony's habitituation to keep us on our toes without achieving; looks like we all need to demand salary cuts and some heads need to roll the company cant run by luring peope and by providing rosy statements. enough Tony you dont deserve any salary until you meet the target; time to run company with two people and stopfarmout negotiations until days get better.

Always darkest before the dawn

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Great to see the share price continue to fall into 2016

Happy new year to all. Here's to a great 2016. Let's see if we have some action on the PVR portfolio as opposed to words at some point in 2016. The sooner the better. Keep up the posts Jimmy, it is always better to get both sides of the story. Perhaps the reality lies somewhere in the middle.

@Haribo - comment of the year so far