17: There is really only one company offshore Ireland and that is Providence
13: Directors are working very hard and understand frustrations. All looking for same goal. Success !!!!
14: If Oil can stabilize i.e. even at 50$ a barrel this will give some stability so that Banks can lend again for projects.
15: Costs have dropped at leats 50% on production
16: Barryroe profitable even with Oil at 30$ a barrel
5: SP will be next year 2016. Providence going today or tomorrow to discuss with Cairn. Providence purchase of Chryasor holding was extremely beneficial.
6: The markets have been screwed by US Frackers. This will right itself in coming months i.e.six months should start to clear decks.
7: Dalkey process should be near completion by government. Should hear something in coming months
8: Rathlin drilling ONSHORE by another company had been delayed but should kick off soon. This should give a boost.
9: Drombeg very promising. Good Interest.
10: A very large area not much smaller than North Sea Prinicipal area.
11: Directors took up more than their quoto of share options.
12: Now seen as a good time to buy as company assets worth way more than Share Price indicates and Institutions know this as they have expressed with placement
1: Don't Believe everything you read in Newspapers TOR.
2:. Market incredibly undervaluing oil assets at present. 9 cents as opposed to 5$ given that oil is only down 50%.
3: Barryroe commercial agreement has no penalty clause but Providence are also speaking to othere interested parties.
4: Barryroe deal will include if Farmanee comes up with funds cash for Company, two drills which will be for appraisal and ultimately can be used for production and Providence handing overe a % of barryroe
Hello there Sully / JR. Will give you a shout later on to let you know EGM details. My DAD was at meeting
Let us hope that Sequa/Sapinda is taking some of the new Shares in Providence. If so the deal in Barryroe may be quite ok
At least it is positive news. Just need funds for Barryroe. Believe it is coming and will be announced following EGM perhaps a week after
Nice to hear some positive comments for a change. Fingers crossed. Expecting something soon after EGM
Morning JR. No News is good News. NO RNS on Barryroe means something is still on the cards. You never know maybe some of the IIs in the placement will also be underwriting Farminee Bond issue. Stil expect a deal to come soon enough. Think Landsdowne Placement is very good news with Major Shareholders putting money where there mouths are.
maybe the Farminee for Providence/Landosdowne´s Barryroe is buying shares in Fastnet. A deal on Barryroe will rise all boats