Desperate
07 Jun 2017
I like this deal - we are now sitting on a company valued at 100m which will have 50m in the bank, and close to a free drill on two huge potential targets
Spuddy
07 Jun 2017
Excellent Farm Outs Seems that some on This Board do not realize that we are getting a free carry on Druid and Drombeg and we keep I Believe 28 percent. That is excellent. The second Farm out is great news as well
sharemate
07 Jun 2017
Hello Anovas, Dont take Jimmy's comments seriously he has an agenda and my gut feeling he has links with an oil company to pull pvr down; he himself accepted 6 months ago he knows people who attended Barryroe dataroom. He is trying hard to brief Barryroe is lame duck at every possible opportunity; he also coined compartmentalisation and resorvoir thickness etc. Its very bad few years becuase of oil market and pitfalls of management to act decisively; lets look forward hopefully TOR will stear this out afterall he is been paid quite well at our expense. Here hoping...
Haribo
07 Jun 2017
and regardless of what percentage we have left with total and cairn - if it is successfull the well will go into production. and that surely is better that sweet FA.
Haribo
07 Jun 2017
well yes that is true. but at least pvr have a chance of surviving if it comes up bust. we don't have that many options since we have no producing asset. if they had developed barryroe and got some money coming in we could have taken a bigger risk without risking our survival.
Haribo
07 Jun 2017
there are two deals. one for avalon and one for druid and drombeg.
anovas
07 Jun 2017
Both Jimmy and Sobeit are always unhappy with whatever TOR comes up with.
Spuddy
07 Jun 2017
Hello Sharemate Think Total might already Have done 3D seismics. At AGM TOR said another company was carrying out seismic survey on Avalon. Probably Total
sharemate
07 Jun 2017
Hello Spuddy, what's your views on Avalon? Does pvr need to pay for 3D etc or only for drill?
Spuddy
07 Jun 2017
Upset: Jimmy seems unhappy with the great news. Wonder why ?
sharemate
07 Jun 2017
Its time to bed Jimmy's theory on Druid, now entire well costs are coveted. This same person was telling 2 months ago pvr need to farm out druid etc now they did and he is not happy. He has an agenda, anyway am not much convinced with Avalon they just gave that asset.
Haribo
07 Jun 2017
Dublin and London - June 7, 2017 - Providence Resources P.l.c. (PVR LN, PRP ID), the Irish based Oil and Gas Exploration Company, today announces that it has entered into an Exclusive Option (the "Option") with TOTAL E&P IRELAND B.V. ("TOTAL"), a wholly owned subsidiary of TOTAL S.A. regarding Frontier Exploration Licence ("FEL") 2/14. FEL 2/14 lies in c. 2,250 metre water depth in the southern Porcupine Basin and is located c. 220 kilometres off the south west coast of Ireland. The licence is operated by Providence Resources P.l.c. ("Providence", 56%) on behalf of its partners Capricorn Ireland Limited (a wholly owned subsidiary of Cairn Energy PLC, 30%) and Sosina Exploration Limited ("Sosina", 14%). FEL 2/14 contains the Paleocene "Druid", Lower Cretaceous "Drombeg" and Jurassic "Diablo" exploration prospects.
Haribo
03 Jun 2017
anyone have a crystal ball?? best of luck everybody. i hope it comes good for us. one way or another i guess i won't be monitoring this board anymore if there is a find or if there isn't a find. and that will be no bad thing!
