Providence Resources - PVR Stream Log

TS Oil and Gas thinking about launching their IPO early next year: [link]

Phoenix: Just checking the value of the company that the moment based on Friday's closing price. Just short of forty million euros. so phoenix right about the fact that there is no value reflected in the share price for Barryroe or Spanish Point. Also worth mentioning the team providence has, as mentioned in the Phoenix. Headed by geologist Sean O' Sullivan; two geophysicists - Keith Byrne and Fergal Murphy; and two further geologists - Myles Watson and Annemarie Smyth. They are backed up by operations manager Fergus Roe; in-house reservoir engineer Donal Meehan; and carographer Jukub Czarcinski. Providence boasts of its senior management team having over 175 years of relevant experience. Also worth mentioning that Druid and Drombeg is the 25th dud Providence and its predecessor, Atlantic, have brought in since the latter was originally set up back in 1981, a record that works out at one success in seven wildcats. So I suppose we are due another success, just on the numbers alone.

Not going to happen, which is good news to say that least. Mention of Dalkey at the end of the article, but must be a misprint, as it says that drilling is to take place in August 2018: [link]

A article in today's Irish Times about Tony O'Reilly senior: [link]

Oil just over $60. Hopefully it will increase more, as it will help to move on the share price while we wait for word on the upcoming drilling plans for Barryroe.

Disorder, you have my support on this; jimmy has vested interests he is not genuine.

Jimmy you dont need to drumming same beats again n again. Did anyone asked you for tje reasons, why cant you keep yourself for next couple of years.

Article in todays' Ireland's business Post talking about Pageant Holdings ups stake in Providence. Here are the main parts: Furlong is a serial investor with stakes in a number of Irish listed companies. Pageant's interest in the company is thought to be friendly and it has taken advantage of the recent weakness in Providence's share price. The company, run by Tony O'Reilly jr, has now pinned its hopes on a field called Barryroe, 50 miles from the Cork coast, which it said contains substantial quantities of oil. Analysts said that finding a partner for help develop the Barryroe Field, known as a farm-out process, which will cost hundreds of millions of euro, is now vital. "Providence is now focussed on Barryroe, it's key asset in the North Celtic Sea Basin. This is sensible and a good way to restore (and realise) value. The project has a credibility barrier, which, allied to Providence's lack of financial strength at a time of low oil prices, meant earlier farm-out deals, were difficult to complete. This time it intends to drill a well on its own risk. Such a strategy should elicit interest from major oil companies." said Job Langbroek, Davy Stockbrokers' energy analyst.

But not on bb's*

Hello Spuddy, i like to share my email but on bbs, not sure what other option left to get in touch.