Providence Resources - PVR Stream Log

given that that is old news but more to the point possible 5b in reserves

Surely it can't be all bad with this new rns regarding a joint venture with Shulemburg

123456789101112131415161718 >  16. Suspension Shares in a quoted company can be suspended for two reasons: The company requests suspension If a company is about to announce news of material significance to investors and it fears that a disorderly market may be created by a leak, it can ask the London Stock Exchange to suspend trading in its shares until after the announcement. The most common reason for this is that the company is about to participate in a bid for, or by, another company. But there could be other reasons - for example if the company has unusually bad news (the MD has just fled to Brazil). The Stock Exchange frowns on long, voluntary suspensions. It takes the view that investors should always be able to sell unwanted stock, even at very bad prices. The Stock Exchange suspends trading This usually heralds very bad news, although suspension can also be the Exchange's only effective sanction against a company which persists in breaking its rules. Shares suspended by the Exchange find it hard to return to a full listing. Sometimes the company in question has gone bankrupt. In these circumstances, shareholders just have to grit their teeth and hope something emerges from the gloom.

Thanks Mamms. But how about shulemberg and druid and drombeg? Shulemberg said they would get pvr to the drilling stage??

How long can they remain suspended and still be considered a public company?

Still no news... *sigh*

Broe

hence they would have shelved projects. can only hope that that is why Brow has taken so long

It's easy to say PVR couldn't farm out when oil prices were over 100 $ a barrel. but the glut of oil didn't just happen overnight companies would have surely have predicted that prices would fall

Now lets not be hasty jimmy. 5 billion barrels of oil would make the most hardened sceptic take a second look. Or am i falling for TOR fairy stories again... AAAaarrgh! I dont know what to believe anymore!