Providence Resources Forum

Well I have to be honest and say this board, or some other source which I can't remember, certainly misinformed me in regards to TOR Snr's holding and its disposal a long time ago

i feel like they are a sacraficial lamb so to speak. the big boys gave them some change to drill druid. but im sure the big boys work for the big oilies.

get into production and get the cash coming in. in a few years if they mind the profits they could look to partner with someone else on druid. says a lot that they haven't gone this route.

surely they could afford to drill broe themselves now. instead of drilling in druid.

Desperate...so in you opinion we should wait, maybe several years, while the majors make up their minds and do the first drill. I think that would be mad!!!

The key difference between BROE and upcoing drill if we do hit, is the amount of majors with interests in surrounding area which might drive immediate value. It is for this same reason I think we are mad as a minnow being the ones to try and prove the area.

Haribo - I suggest upside might only be even money because having oil is one thing, extracting any value from it is another - and we have proved incompetent at the extracting value part, and market knows that only too well. I do remain hopeful i will get some of my very significant losses back, but not optimistic

what do you mean desperate? surely if there is oil we will be in clover. if there is nothing there we will be in s**t.? i don't see it coming even.

A 10/1 shot that, if a success, may only pay even money - that is the most concerning thing

Think We Will hear news shortly !!!