Providence Resources - PVR Stream Log

Spuddy; DAVY VIEWThe news that Chyrsaor has left the Spanish Point project says a lot about the stress companies are under at present in maintaining their interest in frontier projects, given the current oil price and focus on balance sheets and expenditures. However, it does not say anything about the quality or otherwise of the project and the remaining licence holders are firmly committed to drilling in the current year.

Spuddy/JB63 you need to include how much is free carry to production.

Anoa Capital are the firm engaged to issue the bond for Sequa. According to their website they have raised substantial funds for Sequa so hopefully they will come through again

I would like to thank our issuer clients, investors, staff and commercial partners for what has been a truly exciting year and for allowing our brand equity grow steadily stronger. Against a backdrop of increasing regulatory restrictions on large banks and further pressure on their business model, Anoa Capital has deepened its franchise as a profoundly innovative and specialised firm focused on advising, structuring and placing illiquid securities for small/ midcap clients. We placed around €1bn in primary business in 2014 in 24 transactions across the entire spectrum of asset classes, which is more than the doubling of our business in 2013. Our fee earning corporate governance/advisory business based on 5 year contracts is also starting to build. If I had to highlight a few outstanding transactions in 2014 , it would be the Marché Libre listing of Sequa Petroleum N.V. for €700m and the €250 million Air Berlin bond as sole book runner.

Davy article values pvr at 592p or something like it. At a long term price of 70 or 80 dollars for a barrel of oil.

Haha Jimmy worrying about Spanish Point and equity dilution. Sure we are going to be rolling in it from Barryroe.

Stockbrokers view: [link]

Re Food for thought. Back when the share price was 700p, it was widely believed that the oil majors would be queing up to farm in to Barryroe , hasn't happened , personally I believe this oil discovery is seen by the majors as still a bit risky. The closer we get to the summer with no deal, the lower this will go, 55p

Can legal action be initiated against TOR, he has lied to shareholders about the deal few times last year. Can anyone throw the light on this please, because of his statements ended up buying this stock it's keep falling and to average down the losses dumping more at it.

Has TOR actually achieved anything of any value for pvr during his tenure, as far as I can see he has been paid way over the odds and there is absolutely nothing to show for it. How that man has the nerve to churn out the same old rubbish whenever he speaks is beyond me,. A complete revamp of the board is needed in my opinion.