Providence Resources Forum

[link] interesting article regarding Saudi and current oil prices.. The Saudis short term strategy won't last for long.

For what my opinion is worth I think Ireland is an extremely attractive country to do business in for companies, especially oil companies who are predominately invested in turbulent regions, unstable government and hard to get to resources, plus high costs and taxes. Irish government with all their faults have made it their priority to cater to these oil companies so as to draw them in, for Irelands first oil production. I believe Rothschilds can pull this off, forget about TOR, this deal is with the experts of doing deals, I would also imagine the current oil price is probably not ideal but surely a deal would be struck that might compensate later on when not if the oil prices rise.

Barryroe is too valuable to shelved,, the patient investors will reap the rewards here..news will come either this month or next. I believe the deal is done already..Hold anyone panicking and selling at these prices are sure to make a loss and will regret it sooner rather than later

There was a rumour about Exxon making an announcement re: Ireland soon. Although this may have been started by BullBoyJ.

Thanks Spuddy, great article.

Hey Spuddy, "eagles may soar but weasels don't get sucked into jet engines". The O'Reilly's tend to be eagles in their business dealings. Think we still have a chance of soaring on any number of fronts, probably in this order, Dunquin, Barryroe and then Spanish Point. Hope we're not in a flight path

Mmmmm, I was actually thinking it was a positive...as in we don't agree the major parts and publish the next day, hopefully this part was done some time ago...and the drag is due legalese etc...

Re:Farmout...I would imagine the "what are we getting and what are you getting" part is long over...

You are right. That this stage a bad deal would be the end of things really. We would have to wait too long for any other news to come along

Anyone easily spooked should not be in this share. It's going to be a while yet I'd imagine the OReillys have everything riding on this, I'm prepared to wait as I am sure the deal when done will be a good one. Hold!