Providence Resources - PVR Stream Log

I can see where you are coming from Spuddy but don't think either Lansdowne or PVR have the money to spend on solicitors and advisors to get a deal like that done. It might be seen as a lot of money spent by two companys to put them in a similar position overall.

You could be right Mmmmm. Although I am still positive about the eventual outcome for Barryroe. If it does happen then the shares will go up to a few pounds again. But where I think they will make really big gains is on the iseq where the exchange euro dollar exhange rate will keep pushing the value of oil up. In the long term though as long as PVR have the cash to sit on the oil someone will eventually buy it. I don't think PVR management would have accepted the deal they did or gotten the institutional support they have without the Sequa deal having a good chance of success.

First thing Godot would be a tmerger between Landsdowne and Providence. Landsdowne 1:5 shares with Providence i.e. 32 M shares. Thereafter wait to see what happens with Sequa and once known a merger with Fastnet

Hello there Godot: I believe that a Tie up would be advantageous to all. Mmmmm would hold onto your shares. This will eventually turn around.

Thanks for that Godot, you are managing to maintain postivity where i am beginning to struggle. Granted no news on farmout means nothing has changed in that respect i.e. it is still on. I still cant help feeling a bit negative especially when new brokers expectations on share price are now are 80p as opposed to £6.50 or even £23. I only averaged down to £1.50 then gave up as it felt as if i was pouring money into a bucket with a hole in the bottom. Feels like i am definitely going to lose on this one and am tempted just to pull the plug on it now. Anyway good luck!

I think it would get very complicated. I think PVR will have to inform us that the Sequa deal is formally off before they could get involved.

Hello Godot: What do you think are the possibilities of a Providence-Fastnet-Landsdowne tie up.

Hi Mmmmm, There are a lot of people on bashing PVR but in fairness to the management the oil market has gone through a huge adjustment at a time when they are trying to sell. I think the fact that they have a confirmed bid is great. Hopefully the funding materialises and we all make a packet of money. Alternatively with the equity raise that has just happened the pressure that PVR was under to make a really quick deal has now gone away so that puts them in a stronger negotiating position if the Sequa thing doesn't happen..

Godot, be interested to hear your up to date views on PVR now, cheers

If Spuddy is right that great if not pvr will be gone--Any company with large assets even potential large assets and a very low share price is ripe for takeover --l think this will happen for about €3