Providence Resources - PVR Stream Log

Did anyone attend conference call today? would like to know what new stories they are telling

I havent written on providence for some time, the whole Barryroe saga was getting me down and it still is, the last deal fell through and those of us who worked out who it was were able to see at close hand that the moolah wasnt on its way to Dublin. Apparently it still is in negotiation and any delay is only on ‘capital availability’, join the club boys. On the conference call the mood was upbeat but then when was it ever not, Provvies is in ‘invest’ mode apparently and valued at only 9 cents in the barrel in the books, with an unparalleled portfolio and the latest licensing round showing incredible interest from oil companies large and small from all over the globe. PR are still talking to Melody finance and maybe others about extending terms and the maturity of their debt facilities which need to be tucked up before long. There is little doubt that Providence is on the list of highly leveraged exploration stocks standing at a massive discount to its potential NAV, but the market is in no mood to give companies the benefit of the doubt at the moment and proof of the pudding is in the eating, starting with Barryroe the company needs actions not words to get the share price moving.

Here is what Malcy has to say about Providence today:

This is what Malcy has to say about Providence today:

recent market developments have signalled some positive changes, and market commentary on the forward oil market, coupled with increasedrecent market developments have signalled some positive changes, and market commentary on the forward oil market, coupled with increased M&A activity and the significant industry interest shown in the Irish Atlantic Margin Licensing Round, are all encouraging signs. and the significant industry interest shown in the Irish Atlantic Margin Licensing Round, are all encouraging signs.

Reminds me of shawshank quote: put your trust in god gentlemen, coz your azz is mine...

for what its worth saudi OPEC chief al-Naimi is due to retire in Dec. saudi's losing 130 billion $ equiv per year .the saudi kings son Salman could take over and he wants to reduce output so price could reach 60 to70$ by the end of January.There is still some hope if nothing but share price increase.

Hi lastcall, where did u hear this news. Indian pm didn't do any trade agreements or discussions it's a short visit

The Indian prime minister was in Ireland today to discuss the take over of PVR by ONGC with the Irish government.

More jam tomorrow stories splendid!!