Providence Resources Forum

found this link and not sure what it means but it is for a company extracting oil and gas in barrroe. [link]

Or PVR can borrow again. First they don't need the whole amount as there is still about three quaters of it in the bank. Second if they were able to borrow last year with no future cash flows surely they can do the same again this year, Its 6 months down the road as yet anyway. Not like its the first of June now and no deal done

We could get a surprise any day JR. Providence, Landsdowne and Fastnet must be of interest now. Conventional relatively cheap oil and gas plays. Pvr mgmt need to mangage their finances in a fashion that suits the situation. Still think we eill get a result though

Sit tight: Hola Spuddy, how are things today? Nice to see some potential upside amongst all the doom and gloom One RNS is all it'll take either way.

I think the oil price situation could actually play into our favour just as hinted at below

Hello there JR. ONSHORE, Shallow Water companies like Providence, Fastnet and Landsdowne will come back into favor. Just have to holdour nerves

Thanks Spuddy, needed a pick me up

[link]

I thought ONGC was in the market with 180bn looking to buy a wide range of investments, where are they

I think the following from the FAST RNS is very telling..."As the industry and markets adjust to the new levels of oil pricing, the Board anticipates the industry focus will move towards profitable shallow water and onshore projects in attractive fiscal regimes with low operating costs. The Board believes Fastnet's portfolio increases in marketability based on the above premise"