View
Compared with bankrupt last year we have a company with no debt and 30 million cash.We have a very strong oil savvy board with the addition of Pat Plunket and Angus McCoss.We have an impending drill for 5 billion barrels of oil with the most efficient rig available based on advice from the best company in the world {Schlumberger}at a cost of 18 million and the possibility of a further farm out reducing the risk to zero.still maintaining 30 per cent interest.Hands up all who think that speculation and negative comment is in the best interests of shareholders at this point in time
Does anybody really Believe that Davys attributing 10 % Success rate to Druid drill means anything. So Schlumberger with all their expertise carry less weight Than Davys. Jimmy is very rigorous it seems. By the way Jimmy explain to all your interest in investing Many many hours in commenting on PVR ( a company in which You Have no shares). You are a paÃd basher it appears or else Have a personal dislike of PVR for some reason.
Jimmy, Why are you so keen on pvr assets? Cant you comment on other plenty of companies in lse.
Sobeit, For God sake stop asking Jimmy, he will throw throw unnecessary dirt, he has technical knowledge and acting for a company or someone who has negative agenda. I bet because of him unnecessary delay in farmout as he is throwing muck out and putting doubts in the minds of would be farmout folks.l
I remember Jimmy saying a while ago that he knew people who had being in the data room for Barryroe. and that they were not going to invest, or something like that anyway. I remember being very surprised by those comments at the time, especially by the fact that he knew people who were attending the data room. Would be nice to hear a bit more about it, but I have a feeling that it may well have being an attempt at the time to undermine the ongoing talks.
A Fund Raise after a Succesful Druid drill Would be very smart, at a much higher share price and involve liittle dilution. On. Succesful campaign share could easily go a Euro. Issue 50 - 100m shares and drill, Barryroe, SP buy LOGP - Fastnet licences thereafter becoming King in Celtic sea where Super Majors are sniffing !!!
There Will be no placing before Druid Drill. There Will possibly be Another FO. Who is This Jimmy Chap. He has no shares in Providence but is now talking about we When referring to Providence. He has no Shares, has never Been to a Providence meeting and presents himself as An expert although the other day he admittted that he has no information on Barryroe other Than that in Public. His comments on Barryroe Have been refuted By all the Board at Providence. He then concludes his damming of Providence with a mealey mouthed praise of Druid. Jimmy reveal yourself. A basher if ever there was one. Cannot See any other explanation for your fetish with Providence as You Have admittted to owning no shares in company. Institutions 100% behind the company. Dr McCoss comming on Board. Would say he knows more Than you !!!
equity securities for cash would surely mean a piece of druid for cash.