Rising oil price and the performance of some of the pretenders to the major's table, Tullow and Cairn, have to be helping PVR here in the negotiations. That is if such negotiations are ongoing to maintain PVR as an operating junior oil entity. Am I being naive. When this returns to the market it will have to do so on the back of some sort of concrete announcement. Subsequently this only going one of two ways, 5p or 50p. Within two to three weeks we'll know in my opinion. Tick Tock:)!
Ha ha! I didn't know that. No wonder Miriam always looks so happy. She already knows the answers to all the questions she's asking, basically she's just having a laugh with the hardest thing left to do is look good doing it. Don't think Tony or that other gorm Enda Kenny are operating at the same level while they try to look so impeccable lining their own pockets. Serious mirror tiime talking themselves up:)! I have been worried about the silence of the iis for a while now. I initially thought… Read More
TirnaNog, last tuesday primetime on rte was co-hosted by the brilliant Miriam o Calahan.Miriam had to question the reporter Katie Hannon as to how talks between fine gael and fianna fail were going - the funny thing about that question was that Miriams brother Jim o calahan is leading negotiations for the fianna fail party !! Are we asking the right questions and to the right people - 50 per cent of this company is owned by institutions - have they been told anything- well then why are they… Read More
Agree with you. Not a hope in hell is the Irish government going to put money into PVR or Barryroe. At this stage I can only see them maintaining and subsidising the refining and supply infrastructure side of things as in ensuring Whitegate would stay open aligned to the proposed near to medium term developement of Cork Harbour, especially as you pointed they are on the doorstep for big guns Coveney and Martin. Could maybe see the government getting involved in the Shannon LNG project site on… Read More
Shadow over on DTM board asked the question - is there a political angle to all of this? Any deal will have , the fact that Barryroe is off the Cork coast and that you have messrs Simon Coveney,Michael Mc Grath and Michael Martin ,all Cork TDs ,in the middle of the negotiations to form the next government bodes well for this company.Hard to see them put money into the project as things stand . I think the water charges debacle are a red herring ,consuming newspaper inches ,to a lot of other… Read More
With you there pretty much all the way Topknot. Feel next couple of months will be the making or breaking of Junior until his contract expires. Just feel we need more than a successful refinancing to support a successful equity raise. Whether that's new licences (don't know if that's a positive), new partner or a possible or partial sale of the company or one of its licenses/assets. Best of luck.
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