Providence Resources Forum

Spot on sharemate! We can't afford to pay all these wages for another year in return for nothing. What has been accomplished in the last 3 years...

current management is throwing carrots for 3 years shouldnt give them more time, heads need to roll off

only option for pvr to survive from the brutal fall of oil price is to remove all executives n staff except one or two and stop farm out negotiations until days are sunnier. in someone its good as the company still not producing oil n experiancing losses from that front if cost to extract oil exceed market price. d

The Barryroe dream where did it all go wrong Tony?

Can someone on iii ask Jimmy 1. Did he attend PVR farm out data room if not how did he get the info 2. Which companies he affiliated with earlier 3. If he doesn't hold any PVR shares why is he spending so much energy n time. When there is bad times he sends blogs with more pessimistic views to drag it further. Regarding management not buying stock in open market, they have briefed in press briefings few times their inability due to farm out negotiations which are underway will restrict them due to regulations; if they lie in press briefings won't there be legal implications to mislead everyone. Any comments on this are welcome please

More to the point, dangers of weblinks! Half my LSE post disappeared. Making point that Google showed links to 3 separate websites that all missreport Europa insider, Mackay, purchasing £1m shares, when in fact it was £10,000.

I know this point has being made many times before, but anyone buying a stake in Barryroe will not see oil flowing for a couple of years, so the fact that the oil price is low now, should be theory have no affect on the farmout. What will be price of oil be in a year or two. If oil was one hundred dollars a barrel today, they would be massive interest in Barryroe, which would be a bit mad really, because when it would come to selling it the price could have fallen. As the long term out look is positive for oil, now would be the best time for anyone to invest in new exploration

Providence needs to cut costs to the bone. Salaries should have been reduced because these unnecessary costs put the financial viability at risk. Situation with melody finance needs to be sorted out and clarified. Providence needs to hold on in 2016 for long term shareholders to benefit. It would be a disgrace if irresponsible spending and wastage forced the company into selling assets for next to nothing. Lets hope we get some transparency and clarity from the management soon.

Dr Kent Moors:

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