Providence Resources - PVR Stream Log

Still baffled why Cairn ceded control of Spanish Point against PVR's bid of $1, particularly when Cairn are committed to carrying part of Chrysaor's drilling costs? Can anyone volunteer an explanation?

Me too, hate when he's right ........

Jimmy is almost speechless. Wish he was

@ lerrab, going to buy a few more myself and hope for a happy ending. Think the transfer into Exola was to facilitate sale of the Barryroe asset on it's own.

lerrab, with TOR putting his arms around you, sounds like a prelude to foreplay, the question is are you going to have a happy ending or get ...........

anybody any views on the points below-broe is owned by exola a wholly owned subsidiary of prv so any farminee would be getting a share of this company or would it be getting a% or shares in pvr. if its the former that would preclude future action in dunquin nth .newqrange. sp. kish etc.the lower price for oil and this could have delayed agreements with the farminee.just a thought i'm only a fool anyway-TOR put his arms around me again this morning a l bought another load at 37 cents good luck.

You will find he did not sell them - they were taken. Perfect timing but not insider trading. He will now appear as a major shareholder with unencumbered shares after the placing. The whole this is a shambles. That said company should be stabilized albeit at the expense of all the small shareholders.

I think you are completely right. You would imagine that if they would not have to pay the six million on the button. I am sure that it would take longer with legal delays and all that. I think the placement is let the big investors take control of the company. The only up side of that is that the big investors will not sell as quickly as the average shareholder, so the price in future should be more stable, as the free float will be much smaller. It has to be said that one of the reasons the share price has gone so much is that the average shareholder has being selling, cannot blame them really, with the lack of news and poor oil price.

Something bothering me for some time. Whý on earth did Cairn not buy up CEPIL's interest in SP, rather than allow PVR to buy for $1? Cairn already carrying part of CEPIL's drill costs and now PVR higher share than the Operator with potential probs that could cause. Any thoughts?

Just me buying on the ISE today then it seems.