Providence Resources - PVR Stream Log

Thanks Desperate. But if odds were so low why take risk. That money would buy a few wells on barryroe. And the amount of oil there has never been doubted. Only the risk of compartmentalization has been the off putting factor. So if odds were so low why insist they drill it? Unless of course these big institutions want PVR to prove it for companies like station which I am sure they have sizeable holdings. I guess someday we will know the truth. He has only 3 more months now to get a deal done in 2015 before he again makes himself look like a bs merchant.

Haribo - if odds were 50% then potential return versus downside risk are brilliant. Alas I think it is more like 10% at this stage which makes SP accurate today

I find it hard to believe that any oil company in the world would not get involved in a company with 300 million proven oil reserves + gas in 100 metres of water and 50 miles from a refinery unless something is wrong like compartmentilization - can this show up in 3d scans?

It's like an Instagram stock. Never done anything real to create value. Just lots of media attention. Lots of smoke but no fire. I still don't know what the truth is. No deal on barryroe. Now drilling in Atlantic. What chance of success? 50%?

Circa a quater of a million pounds of shares trading daily in this tiny company and no movement in SP - something doesn't smell right

I still can't get my head around the fact that the minnow that is PVR, is going to prove the area for the majors - beggers belief

TOR is probably the only person in the world that might not drill both prospects at the same time - sad but true

does anyone know what the chances of success are?

I love the line "The potential is huge". [link]

with any luck! also another positive article.. [link]