Missing the connection between Providence being up 8% and and Logp being down 2% as a sign that we are getting close to news on Barryroe. I would have thought that if there is news on Barryroe, Logp would also be pulled up on the coat tails of Providence.
Actually the article is a long profile of Nick Furlong, and there is just a passing mention as to why Nick Furlong has invested in Providence and INM. It mentions that despite his reluctance to talk to the press, Furlong won't be slow to make his opinions known if things do not turn around for these two companies. The article tells us that Nick Furlong grew up in Dun Loaghaire in the 1950s, and qualified as an accountant in the 1970s, though he never professionally practised. After a brief spell in Britain, in the 1980s, he established his own business installing cable television feeds around Dublin. Brough Xtravision in 1993, and sold it in 1997 for a reported 20 million. He also set up a company called the Pilton group, making profits of 70 million by 2005. Sold Pilton group to DCC for 42 million. After that set up Pageant. Sold his stake in One51 in 2015 for 36 million. He lost money on Zamano. But he stepped in twice with money to keep things going in this company. He is also active in the property game through his investment vehicle Melcorpo. The article mentions that he is not afraid to get involved in companies if he feels that things are not going right. So after all this, people are now wondering why he is getting involved in two of Ireland's most troubled companies.
Wishing you a speedy recovery Anovas. You will be back right as rain in no time.
I know that it is quiet foolish of us, but I am sure we will all be looking to see if there is a RNS on Monday morning, and even though we know it is too early for one, we will still be disappointed.
Very encouraging news to hear about someone being interested in Barryroe. I would lock the door of the data room now, in case they decide to leave.
The only good thing about Trump's tax plan from our point of view, is that U.S Oil Companies can write off any new equipment they buy against their tax, as well of course as the lower capital gains. Plenty of money then hopefully to invest in some oil fields on this side of the water.
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]