Providence Resources - PVR Stream Log

Providence Resources P.l.c. ("Providence" or the "Company"), the Irish oil and gas exploration and appraisal company, whose shares are quoted in London (AIM) and Dublin (ESM), confirms that it has requested the temporary suspension in trading of its shares on AIM and ESM in advance of a final decision of the Court of Appeal, which is expected today at 10.30 a.m., in relation to an appeal lodged by Transocean Drilling UK Limited against the judgement of Mr Justice Popplewell, which was notified by the Company on 22 December 2014. A further announcement in relation to this matter will be issued in due course.

The bad news! No body is buying either. This is a dead duck...

For the TOR, By the TOR, To the TOR

Fair play spuddy. Hope you get a sincere reply and not the standard, when there is news we will report to the market. And If they do actually look on discussion boards it dosnt show. Time will eventually tell on this one. The sooner the better.

The Boards duty to shareholders is replaced by a duty to debtors when the financial position of a company is not certain. It's ambiguous when that actually is but I would say we are there, or have been there for some time.

Thanks Spuddy and Mamms for the honest advice. Two totally different opinions but both very valid. I will hold for now. Mostly because i have less to lose st this stage. Fingers crossed and good luck to all. But just to give my view, i think we have been dangled a carrot on a stick for too long. I attended the agm 2 years ago and was listening to the same story. There is obviously some problem but I dont know what it is and for some reason i am giving my money to this group in blind faith to pull something out. Dosnt dound very clever. Anyway, sell something pvr!!!!

Who would loan TOR money since all he does with it is pay himself a huge salary. For the same reason i cant see much success with a dilution. Though i guess that wont stop him trying his luck. He seems only capable of protecting his own hide. Does he understand that at some stage he has to generate cash?

In my opinion PVR do not give one toss about shareholder valve and have done nothing in the past 3 years to help improve the share price. More dilution is a certainty here. All we hear is statement with a load of buff and no actions to back any of thd statements up. The most oil we have seen from PVR is a little jar that was produced at a press conference that was held in 2012, am i not correct?

Is this share doomed. Or is there some good news to help it rocket to €2 or €3. I was treating this as forget i have shares and wait. But now i wonder should i cut my losses and take what little i have left. Loads lost. Very angry with myself. Pure waste. What we need is a detailed message of what is happening. Things will happen soon and lots of ppl in the data room is ridiculus

Is this share doomed. Or is there some good news to help it rocket to €2 or €3. I was treating this as forget i have shares and wait. But now i wonder should i cut my losses and take what little i have left. Loads lost. Very angry with myself. Pure waste. What we need is a detailed message of what is happening. Things will happen soon and lots of ppl in the data room is ridiculous