Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Just ignore Manyana , he’s hoarding extra chromosomes
You talk the greatest pile of rubbish Manyana. The gas content of the field is Small. Approx 20% of Corrib and about 10% of Kinsale. So hardly worth going for on its own. This latest RNS is just a bit of greenwashing on the part of the company. It is extremely disingenuous on your part to dismiss the fact that 90% of the value of what may be recoverable is secondary in nature. In fact if that is all that will be recovered ( the gas) then it is not an investible propisition as it is marginal.
Manyana, doing my best to ignore you, though since you insist on this childishness I have and will continue to report your defamatory remarks to the mods.
Regarding your inane remarks about this magical review that has turned Barryroe into a gas field ... what has changed that they didn't know in 2013? I think you'll find the answer is ... nothing.
It does rather look as though the 'additional' companies are focusing on the gas because of the political developments in Ireland.
I note a number of zombies have suddenly appeared on here. Which graveyard did they come out of?
Now now we know that's up ps200306's jacksie is because I said Providence would be better concentrating on the gas in the short term and not the oil which is absolutely true now that APEC have demised.
His problem is that he was fired or made redundant in 2018, came on here with his few bob, blew it and now has the gripe but obviously does not have the ability to read which is why he was probably fired in the first place and hasn't been here long enough to know that Providence has a long history with gas even to the point where they had gas fields in Mexico, a gas company in Ireland , EIrgas, and years ago bought a stake in KEL (which they did not keep) to make use of the Seven Heads and Kinsale Heads gas fields.
The heading of the accounts for 2018, the last annual accounts states "a well-established background in the Irish oil and gas business" and strange, as it states EXOLA's activities "Oil and Gas Exploration" and the 2018 accounts are headed "Oil and Gas Exploration and Appraisal".
Where Dumbo made his mistake was not to differentiate between the demise of APEC and the new opportunities. APEC were only interested in oil because they could transport that back to China. But they were never going to build an LNG plant, foating or otherwise, in Barryroe to cater for the gas because they did not want that.
So T'OR who tied his proverbials to the APEC deal was only interested in the oil and not the gas. That has now all changed with APEC biting the dust.
Perhaps with his Dyslexia he did not read the latest RNS from six days ago which stated:
"Providence Resources is assessing the potential fora carbon neutral gas development as an option for the
Barryroe field." Following the Company’s review of the field’sresource potential, which confirms that there is a considerable gas resource within the Barryroe structure in addition to the recognised oil resource,which was the original focus of the farm-out process several additional companies not included within the initial process have expressed interest in the gas potential and have been invited into the data room."
So, dumbhead, just admit you were wrong and the chances of a partner for the gas is just as viable as a partner for the oil. In fact, the gas is a safer political bet as the likes of Brid Smith could not dream of trying to stop the development whereas she will still have the oil embargo up her jacksie and will probably continue her attempts to get it embargoed especially if she gets into power with the other communists who are attempting to take over the running of Ireland, God help us.