Providence Resources - PVR Stream Log

Capital group reduced stake by around 3%

SP back down today - can nothing but oil actually flowing move the needle on this SP?

If I thought this kind of news would only move SP 1p I would have sat on sidelines - unexplainable

Correction - company will only have 30m post drill of Druid/Droombeg as I missed fact Total funds will only cover PVRs portion of drill.

Finally we have Positive News , The French can find Truffles too.... Here's to a SP Rocket & Baby all may( I say May) be forgiven

No idea why SP has not moved significantly on this news - again I question TORs implication that there is no liquidity in this stock

I like this deal - we are now sitting on a company valued at 100m which will have 50m in the bank, and close to a free drill on two huge potential targets

Hello Anovas, Dont take Jimmy's comments seriously he has an agenda and my gut feeling he has links with an oil company to pull pvr down; he himself accepted 6 months ago he knows people who attended Barryroe dataroom. He is trying hard to brief Barryroe is lame duck at every possible opportunity; he also coined compartmentalisation and resorvoir thickness etc. Its very bad few years becuase of oil market and pitfalls of management to act decisively; lets look forward hopefully TOR will stear this out afterall he is been paid quite well at our expense. Here hoping...

and regardless of what percentage we have left with total and cairn - if it is successfull the well will go into production. and that surely is better that sweet FA.

well yes that is true. but at least pvr have a chance of surviving if it comes up bust. we don't have that many options since we have no producing asset. if they had developed barryroe and got some money coming in we could have taken a bigger risk without risking our survival.