Providence Resources - PVR Stream Log

Agree 100%

Have never seen this share actually go up with low volume. It normally goes down 10% on 10 shares etc. But up on 3% on a million shares traded. Nice to see for a change

Agree 100%.

Listen to the drivel these guys put out..........appreciate the very long wait frustration but everything they say is morbid and downbeat and purely speculative..........they may be proven correct but i still wouldn't listen to their nonsense.........i've yet to hear someone with their money a horse yelling about how it has no chance..........i think these guys possibly haven't invested at all

promising notes being sounded from your link sully100

Completion of Sale of Irish Assets Further to its announcement on 26 September 2013, the Company has completed the sale of Island Oil & Gas Limited (“Island Oil & Gas”) to Ardilaun Energy Limited (“Ardilaun”). Under the finalised terms of the transaction, Ardilaun has agreed to pay San Leon US$3 million in consideration for Island Oil & Gas. San Leon has already received US$1 million and the balance of US$2 million is now payable within 36 months. Ardilaun will issue San Leon shares equivalent to 15 per cent. of its enlarged issued share capital. San Leon will maintain a joint operating contractor status in the Island Oil & Gas licences. As previously announced, San Leon has retained its Net Profit Interest (NPI) in the Barryroe licence, located in the North Celtic Sea, offshore Ireland. A number of parties have expressed an interest in a financial transaction on the NPI, subject to the completion of a farm-out by the Operator of Barryroe, Providence Resources plc. San Leon is evaluating these expressions of interests. [link]

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Shadow, hopefully it's already been snapped up. But the current share price reflects the risk a deal won't be done. If a deal is done there's still a risk that the field never sees production or produces less than estimated..

JREwing, I like your comment & the potential but in the current global economy with investors & pension funds searching for a project why has this not been snapped up. Is there something that the big guns fear entering irish waters. Even Providence cant appear to sell this . There must be a major technical risk factor here .

Mmmm, agree with you and also your previous comment about current share price. Until we get a deal done, we have no guidance on which to value the current share price. All we are doing is speculating but I still think if a deal is done then we're talking hundreds of millions and if production reached then billions.