Member Info for DelBoi

Broker to broker trade I suspect. Only 15% of the company is in retail hands. 89.5 million shares. MM's havnt moved, plus they won't fill my order at 10.62p.

BV would you mind posting the link or the date of RNS where it stipulates early Q3, please.

The government permitting and approval process is underway BV, with the site survey forming part of it. 4 weeks out from the advised close date, John O'Sullivan in Beijing bodes well IMO.

It's a process BV, similar to recent developments on newgrange, a site survey is a precursors to drilling. Comment from JOS today. "In Beijing this morning with media reporting that the EV revolution here is being powered by dirty coal powered generation and the need to switch to clean gas - let’s hope Ireland learns from this and doesn’t fall into the same quicksand paradigm...."

Fair comment 1Cagney, let's see how appraisal goes. Interesting point highlighted below. PG 23, 3.3 - Seven Heads Decommissioning Plan. Hydrocarbon Production The Kinsale Area facilities are not designed for liquid hydrocarbon or wet gas production and are unlikely to be suitable for such use. Some of the facilities could potentially be re-used for a future dry gas development as host infrastructure. However, there are currently no known commercial dry gas discoveries in the vicinity nor is Kinsale Energy aware of any firm drilling plans for dry gas prospects within tieback distance of any of the facilities. There are a number of appraisal wells planned in the Barryroe field and the 18” pipeline from Seven Heads to Kinsale Alpha, could be used for export of associated gas from a potential development of that field

1Cagney, agree, all conjecture on my part. Naturally proven reserves and substantially more gas would need to be in place before this is even a consideration, I think the general rhetoric around the need for gas is positive for PVR however. Seven Heads gas is fed directly to the Alpha platform - in theory PVR would only need one platform, *approx 35% of the infrastructure. My background is subsea engineering, specifically control systems and subsea trees.Believe it or not technology and design hasn't changed much in 30 years, with industry opting for if it ain't broken don't fix it, archaic I know, but there are a number of companies out there now taking advantage of Majors divesting. Look at Serica Energy, it's Sp has seen significant gains. As always the devil is in the detail.

Good posts TNG and Manyana. Coincidentally DM and JOS are subtlety ramping the need for gas on LinkedIn today. PVR taking ownership of Kinsale Head infrastructure would be transformational for the company + plus we already know there was gas found at BR. Approx 60* MMBOE recoverable. "Thank goodness Ireland has Corrib Natural Gas to keep the the country going! Need to explore for more Irish gas as Corrib declines ! " Donal Meehan "The recent hot spell has also resulted in a spike in European coal prices due to energy demand for air conditioning - we really need to migrate from coal to gas fired power generation in Ireland as per the UK and US...." John OS https://www-irishtimes-com.cdn.ampproject.org/c/s/www.irishtimes.com/business/energy-and-resources/sweltering-summer-hikes-gas-demand-for-power-to-all-time-high-1.3608296?mode=amp

Good spot bronxville

Snippet from the APEC energy website. "In its advisory role, APEC regularly counsels senior Chinese policy-makers and investment groups to more effectively deploy Chinese offshore and onshore E&P assets & services, while also improving China's oil & gas investment strategy." CEO Colin Liu looks well connected. Ref permitting and consenting on the Irish end,it's "Business as usual" from my conversations with the Petroleum Affairs Devision. First phase of development, from my understanding 36,000 bblspd, second phase 65-75 bblspd. I picked up a few more today. Marked as a sell.

Hurricane energy made the North Sea Lancaster discovery back in 2016- 650M shares in issue.
Couldn’t secure a farm out deal, decide to do a dilutive raise of 350 million shares at 10p each, MC £65 million at the time.
4-6 months later after success with the drill bit the market cap jumps to £400 million. Further raise of 200m shares, more drilling success and the market Cap is £650 million. 1.2 billion shares in issue. Own 100% of the asset, with a projected production of 17k-20k bblspd, now bring the field into full production, FPSO purchase and 1.8 billion shares in issue. 50p share price range.

If this deal is confirmed, I estimate that PVR 40% share of BR will account for 14k bblspd* might follow a similar path to HUR, ( or possibly secure debt financing through the Chinese/ buyout, circa £300 million.)IMO

Managed to pick up a few here, Quite confident we will see permitting and consenting approval on BR. I'm also aware that PVR have a application submitted for a Barryroe site survey. Lots of preparation being undertaken in tandom with closing this deal it seems.

No problem Bronxville, Visibility and news flow should start to pick up soon, we are in a 6/7 week window now, 6 years in the making.

https://upcomingdrills.com/2018/08/08/pvr-interview-providence-resources-ceo-tony-oreilly-talks-to-upcoming-drills/amp/?__twitter_impression=true

Spoke with (PAD)The Irish Petroleum Affairs Division today, I asked a few general questions relating to planning and consenting activities offshore Ireland, No suggested change in policy, process or expected delays, it's business as usual by all accounts. Majority of applicants from the successful 2015 licensing round have now converted to frontier exploration licences. People Before Profits latest bill is sitting at stage 3 of 11, no impact to current licensing, and years away from the possibility of change. They didn't give it much weight, at all.

Been picking up what I can at 27p, Seller presenting an opportunity in my eyes. Very hard to believe the share price is down here after 3 oil discoveries. Shocking.

Not an unrealistic target 1cagney, from simulation reports, each horizontal well could potentially flow between 10,000 - 15,000 bbls. With sidetracks firming up more potential for a 2nd phase of development 50,000-70,000 bbls*. That's substantial by any North Sea field comparison. From what I understand well planning is complete, with news flow coinciding with gov consent.

1cagney, I just begrudge giving MMs the profit, having said that, I have been offering above bid for some time now, but nothing gives. I have a decent position here as it stands so not overly concerned, just being greedy. As always I remain sceptical with every word of TORs mouth. However, pending the close of equity consenting the picture around appraisal should become clearer. A multi well appraisal programme de-risking upwards of a possible billion + barrels won't go unnoticed by the market. Post appraisal assuming a success case PVR BR share approximately 280 MMBOE net audited 2P reserves This means reserves, net to BR is 280 million barrels of oil equivalent. 40% of 280 mmboe = 112 mmboe. For the sake of round figures, lets say $10 profit on each barrel. 112 mmboe x $10 = $112b (£853m) Conservative £853m x 60% (discount) = £341m Given the warrants at 12p rep 10% Co,( I wouldn't be surprised to see PVRs share of BR taken out by the Chinese in some capacity in around the £300m mark) giving APEC a healthy return on each angle.., TOR and the gang their brucy incentive bonus and PVR cash to develop the rest of the portfolio. Back of a fag pack approx 50p + range, 2 years.* IMO LW, I'm Out of HUR, still see the potential for upside, just hit my target and happy to take profit.

I have been trying to pick up what I can sub 11p, it's proving difficult, just can't get the orders filled. I'm hoping it might pull back before news, there seems to be a buyer around accumulating. Reminds me of HUR when it was sat at 10p just over two years ago. Market really doesn't believe this deal is happening, I don't blame the sceptics, but if LinkedIn updates are anything to go off, excitement is building and the BR appraisal planning seems to be moving in tandom with consenting.Q2/3 2019 50p target.

Back in here at 29p, glad to get price, but it's an absolute joke that this is still down here, all things considered. Recent MOU news was huge for the future prospects of this company.

Hi Wraith, I certainly seems things are starting to pick up on multiple fronts here. "Coincidentally" the Chinese are in town..Drinking pints of Guinness in Muligans pub with PVR on Friday. John O'Sullivan yesterday " New 3D seismic are looking very positive for a material oil discovery at Dunquin South - the stars are coming into alignment!? We obviously could see pre-drill indications of fluid escape over Dunquin North on the 2D seismic together with thermogenic HC's in seabed cores and this was seen as a positive as many large oil and gas fields have 'seeped' some volume. A pity therefore that the second well wasn't drilled at the time but I guess that's the exploration game for ya! Onward to Dunquin South...……………."