Providence Resources Forum

If the Oracle of PVR (aka Sully100) has given the Spanish Point news his imprimatur, then it must be GOOD news. Todays price drop on the back of low volumes is probably shorters having to relinquish positions as no bad news.

The US Dollar has appreciated by nearly 20 percent against the Euro. The average cost of production according to Goldman Sachs has dropped by 25% due to rig cost reductions, service company reductions, steel cost reductions etc etc. Thus 40 dollars equates to circa 32 dollars due to forex changes and 25% reduction in costs takes the 32 dollars to 24 dollars we now have a new Cost of Production for Barryroe

And the thing to remember is that Oil will rebound in price. People are giving in six months in which to do so. Either way it will rebound.

Closed Period, all hamstrung...

Think so too Sully but a statement like that will help us find our whose glass is half empty .....

i think so JREwing

Spanish Point -Does planned to be drilled in H1 2015 mean what I think it means?

someone must want them at 83 thats all i can say

[link] from approx 20 mins in

Someone just picked up 125,000 shares. As you do.