Providence Res. Share Price (PVR)

Good to see the mention of "legal action".

With the Rockhopper settlement amount mooted to be published in this month, July, and the embargo from Ryan there could be a big threat to the government of big sums to pay if they do not get their fingers out.

And the fact that the Independents were banging the Barryroe drum not long ago adds more fuel to the fire that hopefully is going to roast Ryan's rear end in the not too distant future.

Larry Goodman has certainly ruffled the feathers of the various media outlets, another well structured and detailed article has been circulated by Joe Brennan in the Irish Times this afternoon,..GL S

“The war in Ukraine has pushed energy security and pricing to the top of the agenda for governments across Europe. And there are hopes in some quarters the expected publication in the coming months of a long-awaited Government-commissioned energy security report will provide Ryan with political cover to finally sign off on the lease.”

“Ryan’s colleague, Tánaiste Leo Varadkar, indicated an interview last month with The Currency, the online business news publisher, that the main stumbling block in the way of the renewing the licence lies in the fact that there is a question mark hanging over whether Providence has the financial backing to move forward with the next stage of its appraisal.”

“The growing presence of Goodman, with his deep pockets, on the shareholder register may assuage such concerns.”

“It could also provide comfort to Providence, which plans to rename itself as Barryroe Offshore Energy, if it ultimately feels the need to take legal action.“

https://www.irishtimes.com/business/2022/07/01/larry-goodman-eyes-providence-success-but-eamon-ryan-is-stalling/

Article in Irish Times might put the frighteners on Ryan.

https://www.irishtimes.com/business/economy/2022/07/01/threat-to-irish-gas-supplies-from-britain-a-cause-for-alarm/

https://m.independent.ie/business/irish/providence-eyes-new-name-as-oil-field-plans-face-delay-41805159.html

Good to note the state watchdog speaking out and drawing attention to the government’s ludicrous position, the volume is clearly being raised by the right people and it will difficult for Ryan to keep his head in the sand for much longer,..GL S

“State needs more sources of fossil fuels, says energy watchdog”

“Electricity generation on the island of Ireland is becoming ‘more and more reliant’ on gas, according to the Commission for Regulation of Utilities”

Electricity generation on the island of Ireland is becoming “more and more reliant” on gas, and there is a strong need to diversify the State’s fossil fuel sources, according to the country’s energy watchdog.

The British Irish Chamber of Commerce hosted representatives from the Commission for Regulation of Utilities (CRU), as well as other experts, at an event on Wednesday to discuss the security of Ireland’s energy supply and storage capabilities ahead of the winter months.

https://www.irishtimes.com/ireland/2022/06/29/state-needs-more-sources-of-fossil-fuels-says-energy-watchdog/