Providence Resources Forum

sobeit i think we can forget about Sequa it has bought tellus petroleum and it is now stuck in with norge oil in 4 oil fields and other exploration areas .this i think will tie them up from investing in pvr .hope im wrong.lerrab

Good Mr Negative views are getting brick bats often

If Kinsale platform so old how does Jimmy Believe Petronas were Going to Get any gas from midelton if discovered Back to Ireland. Give it a break Jimmy. Go and Speak about Marks and Spencers or any one of the million other companies in which You Have no shares.

I think jimmy has something more important than money invested here, his ego! He couldnt bear it if he was proved wrong. Unfortunately im not sure he will be.

Jimmy forgot to talk about the very very good News of the extensión of debt repayment. This Is very important and Will Take the pressure off the Company and put it in a better negotiating position. Jimmy also forgot to talk about gas at Barryroe and the high possibility of using Kinsale to bring it onshore. Forgot to talk about lower production and drilling costs. Forgot to talk about natural decline Rates in conventional and non conventional Oil. Forgot to talk about geopolitical risk. Forgot to talk about the return of risk to credit markets with start of interest rate rises. Forgot to talk about need to replace coal with natural gas as a result of climate agreement in Paris. Forgot to talk about Providence's low tax Licence portfolio. Forgot to talk about increase World demand puro 2040. Forgot to talk about futures market which allows one to make Barryroe Work from a financial aspect. Jimmy is very onesided. The only good thing he had to say was about dalkey which he rated as a One in ten chance and which we all Know Will likely not happen. So this was not a positive comment either

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Just think that Jimmy's Last comment sounds Like rubbish. Scrapping the barrel To look for something bad to say about Providence. He discusses everything positive With theoretical negative. Why does Jimmy no shares in Providence spend his time and effort to paint a Bad picture of Providence. Does he spend the Same amount of time writing about all the other companies in the World. Would Jimmy Like to enlighten

wow! this is good news! and yet very little reaction. just goes to show that TOR has absolutely no credibility left.

And a bit more news to keep the show on the road. Stolen from Malcy's Blog: Providence Resources A trading statement from Providence this morning and given what’s been going on in the last couple of years it’s pretty upbeat. Barryroe is still awaiting farm-out but ever was thus, apparently it might be ‘in the new year’ but don’t stand on one leg waiting for it to happen. In recent months the company, for a number of reasons, has increased its participation in a number of offshore licences and formed a strategic alliance with Schlumberger as well as participating in the Atlantic Margin licencing round. There is also substantial farm-out activity with Spanish Point, Hook Head and the Atlantic Margin assets all having data rooms open. A bit like Europa there is much going on but in some cases various pieces of the jigsaw have to slot into place before it’s your turn, the announcement of the winners in phase one of the licencing process is a case in point. Finally the company has secured an extension to its loan agreement with Melody Finance through to May 2018 if required which should take the heat off things somewhat. Given the traumas of recent years things do look to be steadying up a bit at Provvies and whilst much is dependent on appetite from the big boys around the Emerald Isle you can’t write it off yet…

A bit of news for us, to keep us going: [link]