Member Info for Flombo10

does LG have those balls..??

“ We will fu..ck “ them with equality “ spoke Gerry Adams . SF has one goal only and manyana is right , they will do what they have to do to achieve their aim. They are the Fianna Fail of
Old .. they will realise , why import oil of others when we can use our own , with the billions of tax revenue . ( Sinn Fein — ourselves alone ) .This argument appeals to the masses , it is in reality a easy argument to sell compared to the argument of bombing innocent civilians.
In reality for us as investors, a SF & Ff government would probably be the best bet , if we are around till them.
I think we need news this week .. they have had enough time now to get private investment .. the majors won’t touch this because they must safeguard their image .,bla, bla . We actually need some body with the balls of SF to take this on .

From todays Irish times
“The Cabinet is likely to give the go-ahead for several new gas-fired power plants to be built over the next decade.
Minister for the Environment Eamon Ryan will bring a memo on the security of Ireland’s energy supply, which will lay out a policy to build an extra two gigawatts of power generation from gas in the next decade to supplement the transition to renewables as the mainstay of Ireland’s energy.
The gas-fired plants will supplement and act as back-up for wind energy, and although they are powered by fossil fuels, they emit far fewer greenhouse gases than existing coal and other fossil fuel plants.
The new policy statement by the Government will signal to the industry, the regulator and planning authorities that the new power plants are required”

“ Mr Ryan has also argued that gas-powered electricity will serve to fill the gap as the State moves from relying of fossil fuels to renewables. His stance has drawn some criticism from climate change campaigners.”

Yes, Ps200306, I agree that a licence that languishes has no value but I am not suggesting that.
I am just arguing that the Quebec precedence has changed things. For argument sake, if a finance facility were set up which could (or maybe never even ) be drawn down..this then gives the licence real value. The finance is technically available to drill, activity on it is not possible due to government inactivity.
So does the availability of a finance facility create a form of security or a baseline ( if sloppy) value for providence shares.

So in reality , based on Quebec precedence, this licence has a value whether oil is extracted or not. The question is how much even as a legal play is providence worth
As long as the requirements are met, Ryan cannot in the long term deny the licence, so why give up that licence when it has a “legal” and /or an oil extraction value. So as an investor, one of the questions is -what is the value of providence as a “ legal” investment .

If you think SF will turn down opportunity of billion of extra tax revenue , you don’t understand SF. They have one goal only , everything else is a means to that .
In relation to Ryan delaying things by putting barryroe into the MAD file , there are legal restraints on that which providence could press on.

Minister Ryan today

“Several other exploration licences are live but Minister Ryan ruled out buying them back as Quebec has done because of the expense involved.

He stressed that the chances of the existing licences resulting in any oil or gas discoveries was very slim.”

Full article available at https://www.independent.ie/news/environment/ireland-joins-alliance-working-to-end-global-oil-and-gas-production-41042717.html

Interesting to see what happens the share price tomorrow on the London markets .. with the first confirmation in the Irish national press of Larry goodman’s ( did he give the journalist the nod to do this )involvement in providence and can this cushion the effect of the rumoured fund raising .

And as manyana mentioned , the natives are stirring ..trenchant stinging editorial in today ‘s Sunday independent castigating the government on its energy policy , with another article citing the madness of Ireland huge reliance on wind and it’s dependence on brexit Britain for emergency gas supplies .

A lot of past history in the article.
But the article SPECULATES that goodman has been increasing stake.
Also Unnamed source states that one option is to sell 50% and use cash to finance further appraisal work. But SP believes from its conversations with people familiar with the company that there is a strong appetite to back a fresh fundraising round to do the work themselves. The appetite is there among shareholders. One individual said if the plan was good, they would write a cheque for the rig . Another said any fundraise would probably be oversubscribed . But it all depends on the credibility of the plan by menton and mckay

Great spot, I believe they have 48 hours grace for submission of a rns

Yes, everybody has right to express their views but both ranger4 and mamms are like clockwork, automatically on here with totally negative views each time the price falls or a rns is delivered..that’s not constructive criticism but bitternesss that they lost money.
We have all been in that position but we don’t haunt discussion boards for years and years venting our anger.. move on for your own sake.
Anyway, IMO, the terseness of the board’s statement indicates that Alan fell on his sword..that they believe that a ceo with a different skillset is now required .
Yes, this is a setback but we should have a rns within the next 24 hours telling us who bought the 50m shares traded in Dublin .Hopefully it was goodman’ vevan holding company . If so, my confidence will return but we will have to wait and see.

Another million shares bought in Dublin.

Somebody just bought 40m shares on the Dublin market .. nice way to start the week

“There are no advantages left for Ireland in the EU.“…yep, brexit going so well over in England ..

There have been numerous articles regarding Ireland’s energy crisis over the last few week including John Fitzgerald in today’s Irish times . He points out Ireland need especially for gas over the next decade but none of these articles ever mention barryroe and it’s potential.
Last July , PR specialist Ann-Marie o Sullivan joined the board..I suggest she gets off her behind and gets on the phone to people like John Fitzgerald and others and ram home the message of the huge potential of barryroe , in relation not just to supply of gas and oil for the next decade but also the potential of billions of tax revenue for the state. I will sat it again , Ireland should not be hindering barryroe and the other fields development but giving incentives for its development.
“ a quiet priest never got a big parish” my late granny always said…. The board of providence needs to remember this.

Can somebody explain to me what is the relevant of the China release date for the bond movie ? Am I missing something

You need to get a life ..it’s sad

Summary of Phoenix article

1. Basic history of the past decade …bla..bla,,bla
2. History of all Alan Linn’s career..which its says is not confidence inspiring
3. Steve boldy of Landowne oil and gas should have got the job of ceo
4. In the right hands providence should be worth , on worst case scenario , $1 a barrel for its recoverable oil, making the company worth $300m or 75 times the share price ( ?????). “ In the right circumstances, providence could be worth $5 a barrel in the ground , which would put a possible value on the company of more than $1billion
5. It’s final summary is that the share price is clearly a vote of non-confidence by the market in Alan Linn. The real question is how long can he last and when will Furlong run out of patience .

Interestingly no mention is made in the article about the recent arrival of Larry Goodman

Goodman”s initial investment bought via nominee at goodbody or Davys and hence went unreported in the national press, but this news coming from public rns will allow publication and should make a big news in the Irish nationals. I would expect a few new investors to follow the money and boost sp in the next few days. Also I don’t think goodman will be happy with just 4 1/2%. Things looking a little brighter.

Ranger 4, Utterly ridiculous.. the goodman group make over 200m profit in 2020 with a with 3b turnover .. I don’t know who is has the most pathological hatred of providence, you or theShen .