Providence Resources - PVR Stream Log

But why they start drill Middlton, instead of Broe?

Actually no Spuddy... Providence re-scheduled the payment of the $20 million Melody debt to May 2016.(See June 15 AGM presentation page 23) So in 9 months they are going to have to raise this amount plus another $10 million going for another year. The value of providence is less than $15 million now. Cant see them raising that amount of money. What about Libyan oil increases? Also what about Japan restarting its nuclear reactors so it will be importing much less oil? TOR is a joke who has lost shareholders $250million so far and it will be $400million when the company goes belly up in the next 6 months.

We can always trust the brokers to get it right...

Yes i believe brokers have been publicly saying buy and privately saying sell for some time now.

I emailed PVR yesterday and they confirmed that they are still talking to parties in relation to the Barryroe and Spanish Point assets. It aint over till its over

If the secretary was down beat about the company's outlook on the phone, he would want to be sacked.

Greenline I would question your statement there, I have communicated with Mr Graham on several occasions and he has been consistently neutral and careful not to give away any information that is not already in the public domain...

Where is phoebus and bullboy when you need them!

Its a tax break on production. So they would have ti get broe producing.everything hinges on broe unfortunately.

Under what circumstances can we reclaim backcosts does anyone know?