Providence Resources Forum

Jimmy you dont need to drumming same beats again n again. Did anyone asked you for tje reasons, why cant you keep yourself for next couple of years.

Article in todays' Ireland's business Post talking about Pageant Holdings ups stake in Providence. Here are the main parts: Furlong is a serial investor with stakes in a number of Irish listed companies. Pageant's interest in the company is thought to be friendly and it has taken advantage of the recent weakness in Providence's share price. The company, run by Tony O'Reilly jr, has now pinned its hopes on a field called Barryroe, 50 miles from the Cork coast, which it said contains substantial quantities of oil. Analysts said that finding a partner for help develop the Barryroe Field, known as a farm-out process, which will cost hundreds of millions of euro, is now vital. "Providence is now focussed on Barryroe, it's key asset in the North Celtic Sea Basin. This is sensible and a good way to restore (and realise) value. The project has a credibility barrier, which, allied to Providence's lack of financial strength at a time of low oil prices, meant earlier farm-out deals, were difficult to complete. This time it intends to drill a well on its own risk. Such a strategy should elicit interest from major oil companies." said Job Langbroek, Davy Stockbrokers' energy analyst.

But not on bb's*

Hello Spuddy, i like to share my email but on bbs, not sure what other option left to get in touch.

My Dad averaged down My average is about 35 pence Sharemate

Not in the web. On the independent today. Can send You copy of Article (Photo) By email If You want. Cannot upload it here.

Hello Spuddy, How are you, you been quite recently,. Can you send the link of irish independent. Few have averaged down during recent falls, didnt had much money to pour as aggressively as other years.

Edit
See that Total Have Been granted a Petroleum Prospecting Licence By the Minister. Announcement in Irish Independent. Total are the operator at Avalon only I think. Maybe we Will See a Drill announced shortly at Avalon.

yawn Disorder.... you are boring. I keep having to read other people quotes for a second time when you post... were you bullied at school?.... you seem very angry...

Thank you Phonner