Providence Resources - PVR Stream Log

Haribo, good point even i challenged once but the reply was they were under negotiations. it would be ideal if someone pose this question to the company regatding close period

I dont believe they have been in a close period all that time. Even sullivan is quoted as saying commercial discussions are not underway only technical discussions. Which are not price sensitive. Also if farm out discussuons are underway why consider an appraisal well?? Where is that going to get us,? I thought we knew how much oil was there? Is it a precursor to more farm out talks? And who is going to coughup the 16 mill??

Jimmy: I think Pageant Holding Limited were asking the same question about directors not buying shares when they invested last year, but it seems they have being reassured by the board, as they have not brought it up since. I very much enjoy Jimmy's comments here, as it is nice to get as many views as we can. I believe that Jimmy has a underlying belief in the company, as shown by his interest. Wishing everyone invested here all the luck.

Jimmy, fyi management is keen to buy stock but they are not eligible. Since you are very much concerned about us rather than spending time you liase with LSE and alter the rules, once you able to acheive this get back to us with hard evidence, we promise you management will dip there toes into the stock. Hope you will be busy in reaching this objective and will be waiting eagerly when that will arrive

management has briefed many times if farmout negotiations are underway as per stock exchange rules none of the directors are eligible to buy shares in open market due to insider information. regarding debt, i should say most companies have debt to run the show. thete are many companies operating in north sea itself whose debt levels are way beyond providence and why dont you go and enlighten the people on those bill boards. Current management salaries are high which is not acceptable in current environment should be challenged. Jimmy thank you again to enlighten us for all these while please look at other companies whose debt is way beyond n they are at cliff. you should be the saviour for those first before coming here

There is no deal . not their!

Only fact worth noting is that their is still no deal. Have to agree with AS. Only reason this company exists is to provide tor with a paycheck. Which makes me an idiot for investing in it.

Where will she blow today? The rocks like every other time before?

How much would this share price move with real news, as opposed to news just letting us know the office is still functioning. I would anticpate this may be the first of many soundbites over the next couple of weeks, hopefully all resulting in a positive impact on SP. Scary to see 52week high now below .40. Would give my right arm for .40. now!

Thanks Anovas, let's see if these talks turn into anything.