Repeating what I said earlier, expect To See LOGP taken over And a Deal on Barryroe concluded shortly.
Believe Landsdowne Will be bought Out as part if forthcomming Barryroe farmout. Maybe a reverse takeover of Landsdowne And thereafter a deal on Exola With i.e leaving Providence with 30/40% of Barryroe after appraisal and a full carry
Bought some at the placement Price and then at 9.5 pence. Will find out soon enough whether it was a Good idea or not. Hopefully some good news Soon.
Not upbeat because of TOR. Just believe that New investors, Providences Assets and World Oil Market situation point toward a Deal near term. Have no inside information And not a ramper. My break Even Is 40 cents a Share.
Think Landsdowne Will be taken over as part of a possible Barryroe Farmout. Think We Will Get News shortly.
Surely with Asian production facing declines Providence must be Close To getting Farm Outs done
Hello there Mamms. Yes I told a fellow Board member that if I were he I Would average down. This is what I did. Proves I am not an insider. We Are all entitled to our opinions. Even If they prove incorrect. However I still believe a Deal Will be announced shortly. Sorry if these " misinformed Comments Bother You ".
Senior executives at the Irish exploration firm Providence Resources were in Asia last week holding discussions with potential partners to help it develop its Barryroe oil find.
China has a number of major oil industry players who are seeking opportunities to become involved in overseas projects. Providence recently announced that the Barryroe oil field in the Celtic Sea could contain between 1 billion and 1.6 billion barrels of oil.
The results of the drilling programme at Barryroe are already well ahead of what was expected and this has generated a lot of international media interest. Providence has said previously that it is seeking partners to develop what would be Ireland's first commercial oil field.
"The size and scale of some of the Chinese companies is colossal," said one source.
China's largest oil company, PetroChina, produces more than four million barrels of oil per day and is the fifth-biggest oil company in the world, according to Forbes. Its chairman said in March that the company was aiming to have half of its oil and gas output coming from overseas by the end of the decade.
Another Chinese oil giant, Sinopec Group, has more than 600 billion yuan (€75 billion) of overseas assets in 55 countries, while another company, CNOOC, has a production target of 330 to 340 million barrels of oil equivalent for the year.
Morning Mamms. Agree with your prior comments Bar the Spuddy and Sobeit mindless pumpers comment. Little bit arrogant on your part. Anyway I am a small shareholder with no inside information and no motivation to pump as I Will hold shares until real results seen and deals done (If at all). I do believe that Jimmy seems to have a keen interest in Bad mouthing the Company, for Whatever reason that may be, considering he has no shares in the company. Anyway for what Its worth I Think a deal on Barryroe Will come soon. Think Landsdowne Will be taken over and merged with another conpany very soon. Watch this space !!!
Titled is the Future Bright for Irish Oil TOR quoted as saying " “I don’t want to be tied down to which [farm-out deal] might come first,†said O’Reilly. “But hopefully in the weeks and months ahead, we’ll be able to say something more about our commercial negotistions". So it is now one month Later. We must be due some News shortly