Would it be impolite to suggest the SP should decide directors salary? As the SP declined has the salaries?
Funny PETRONAS are mentioned - I submitted the post below on ADVFN BB Stockriser - 27 Jun 2015 - 19:52:16 - 37638 of 37699 Have to admit though, I was taken aback when it was announced that Midleton was to be drilled so soon - never expected anything for a while. Who's to say PETRONAS are not also looking at Barryroe ;-) Thoughts anyone? GL SR
ONGC or Petronas
Remember this old snippet, I wonder what the talks are with ONGC ?? The Sunday Independent has since established that the Indian state-owned energy company, Oil and Natural Gas Corporation (ONGC), eyed a full takeover of the Irish listed company at a value of up to $1.5bn company (€1.1bn). Investment banking sources told the Sunday independent that ONGC was "ready to pull the trigger" in April last year. Providence's oil find at Barryroe in the sea off Cork was attracting worldwide attention, with Malay- sian oil firm Petronas also said to be interested.
Hi Haribo. I've been a fan of Buffetts for many years. Agree he wouldnt suffer TOR very long. No truth to rumour that Warren was seen in DataRoom101. lol.
Spoke to TOR after the meeting about this and despite my status as a doubting Thomas, he was clear and even credible on this. While to buy out the company is clearly feasible, anyone who does that, will still need to fund the drilling, development & appraisal programmes.....so not a case of either / or. In Q4 last year received a very credible bid for PVR, which was conditional on a number of issues. The bid was a joint bid between an large US independent and another oil investor. It appears the price was north of 200p. Due to the conditionality, the bid and terms were not made public, but a full due diligence was carried out. The recommendation to the bidders board was to proceed with the bid, but due to the weakening market conditions, the bidder's BOD dd not sanction, and so did not proceed. Did not divulge the identity of either party. Finally I asked about the very low level of share holding among the PVR BOD - can't but as in restricted period, due to the ongoing farm-in discussions. Not so convinced about this....if back to square 1, feel that restriction no longer exists as all relative issues are in the public domain.......
Ye agree cant say Titan have a good track record, Reading between the lines from the AGM it seems their is a lot of talk ref a takeover for the whole company?? even ONGC are back on the talks? Whats other peoples take on it, why pay to get in to Barryroe when you can buy the whole company? just my thoughts.
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