Providence Resources Forum

Hi Godot, I haven't read anywhere that ONGC are definitively back in play. Titans report says there was 'chatter'. Obviously it would be good if they are interested and at the levels previously displayed but i can;t take full confidence from what sounds like murmurings. I hope they are for everyones sake but am still very wary that sh.t blinds.

Morning Mmmmm. You are correct it is difficult to understand why the take up on Barryroe is proving so slow. It may Have been a combination of things and a case of missing the train. However I do believe we Will See a Deal sooner rather Than later. Believe the new Shareholders Will want a Deal signed. Believe TOR despite being unhappy with SP. TOR said Barryroe is Very valuable, a Great asset with no Tecnical problem. 2 big Oilers in dataroom plus Two PE firms. Also speaking to contractors. Still hopefully !!!

Hi Mmmm think the fact that the indians are back looking at Barryroe is validation that its viable

Independent certification - Hi Spuddy, i'm not questioning whether there is oil in Barryroe, i'm questioning whether its actually genuinely commercially viable to extract it. It wasn't in the 1970's when Esso first found the oil. If there is a lot of fine combing going on with Geologists, engineers etc then i suspect there is not yet full confidence on the viability. Your most recent comment states that surely Ireland must be a good place to do business, if the field is viable and Ireland good for business then what is the hold up and why have previously interested parties walked away and participated in projects elsewhere?

A deal over Barryroe is obviously what is needed. What the future oil market will be like is any one´s guess. However given the mess in the middle east, capital restrictions due to prior bad and costly Oil Project Investments in general and uncertainty over interest rates going forward it is not possible to really say that the Sector will see a downturn in the future. The Iranian situation is uncertain. A nuclear deal may or may not be agreed. Even if one is agreed it may not work. The tension in the Persian Gulf is also an important factor. Given all this surely Ireland has to be a good place to do business. It is also obvious that the larger Shareholders in Providence who are very likely to have more of an insite into what is happening are supporting the BOD. We all have seen our investments decimated but it is still a paper loss. Believe we will still see a turn around in our fortunes

Once again more negative comments from Jimmy. If we are to Believe Jimmy Providence is worth nothing, has no future and is run by a bunch of clowns. Seems Very strange that someone with such a negative opinion about the company spends so much time and effort making depresion us all even further. Jimmy if You Have any shares sell them and save us the negative vibes. If we are to believe Jimmy all interested parties Have been taken for a ride over Barryroe. Must be alot of stupid People around. The Indians nearly paid a billion. Think that Titan People plus all new Institutional Investors Would have taken advice from Oil Experts before investing. We shall soon find out in any case.

Hello there Mmmmm. The oil at Barryroe has Been certified By Internationally known agency. Don't believe they Have any reason to lie. Tor started his AGM address stating that any rumors regarding quality of Barryroe, Technical difficulties etc was untrue. An explanation was given as to what being in data room actually means. There are big players spending alot of time, money and Resources fine combing Barryroe with Engineers, geólogists, accountants and lawyers. Do not believe this Would be the case if Barryroe was as Bad as some on this Board Would Have us believe. Another thing is to debate the company' strategy and management. However I believe we Will get Good news hopefully in the near future

Hi Spuddy, we can all view things from different angles. I have recently been told that senior told everyone there was oil at a location when there was nothing there. Has it been proven yet that Barryroe is commercially viable or is this a genuine oil field which is easy to sell as viable when it isn't actually? 500k per annum is starting to sound like a good incentive to sell this nonsense to the world.

i know much better use that board to comfort each other and tell dr*15$*eams, but how keep sense of reality?

So, all those negative comments placed by shorters& Well, its hard to stay positive or quiet when you see how your 4-5pounds turn into 20p,