Member Info for wraith

Excellent news;-

BINDING BARRYROE FARM-OUT AGREEMENT SIGNED

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/PVR/13797485.html

BW

Thanks for link ( https://www.youtube.com/watch?v=zaqShZLRudQ&feature=youtu.be ) jayflash,.....just been catching up, on some of my shareholdings,.....better located drill now.

BW

That roughly calculates,...you could only get, 38.5% of your profits, reinvested into PRD today, at s/p@7.6p, before it shoot up,...tomorrow could be interesting Brainer.

BW

Myself, concentrate, on my average Gross s/p Buy level, which I am very comfortable with, here at PRD....1p for myself = over £2K at present JOEHIGASHI.

BW

Welcome back Brainer,.....been sitting on hands myself today, watching ASK s/p,....I have already got a good size shareholding here,....holding for Pilot Results,....at present, holding about 75%, of my targeted Core PRD shareholding.

BW

Just noticed, market size has been reduced to 25,000 (was 50,000).

BW

Hi KUMS,...prefer to build with a rising s/p myself,.....but same as JOEHIGASHI, watching pullback of ASK s/p closely.

BW

Yep mojobojo, with a few more TR1's, like we have just had,....PI's like myself, looking to build large shareholdings here,.....Market Cap of £9.21m, with shares in sticky hands,......positive Pilot Results, could make this a very pleasant share, to be holding.

BW

Good morning JOEHIGASHI,...yes, cornering the Co2 market in Trinidad, a very good move,.... once pilot complete, there should be plenty of opportunity, for PRD to grow.

BW

Just looked on Linkedin,.....Paul Formanko, Managing Director at JP Morgan, Bromley, United Kingdom. Banking.

https://uk.linkedin.com/in/paul-formanko-62355819
Previous,
JPMorgan Chase & Co. (London, United Kingdom, March 2003 – February 2018 15 years).

Taken his PRD shareholding, to 3.36% (3,364,077 PRD shares) :
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/PRD/13794791.html

Good to have him, on-board with us,....holding a good position here, at PRD myself.

BW

Thanks for posting link ( https://goo.gl/HaVzsf ) JOEHIGASHI,...... made interesting listening, I noted what was said from 11:32 into interview (ref : carbon credit system).

BW

Just hope I'm back at my desk for Monday morning KUMS,... got to go off on business over weekend,....don't get on very well with smart phone, still will be able to check market on it, hopefully, if I have reception.

As you say, what a fantastic week & to think this is only the start,...acorn stage,... with the might Oak, yet to grow.

Have a good weekend all.

BW

Well, that's it, with the interview comment, "There has been no change to the indicated timeline", I have increased here today, taking my Gross Buy average up, to just below ASK s/p@1.45p.

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

BW

Hi DelBoi,...as you say, it is a good deal for both the Chinese & PVR,....when looking at RNS link below, they show interest in more than just Barryroe ;-

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/PVR/13584024.html

Mr. Colin Lui , Chairman of APEC Energy Enterprise Limited commented:

"APEC, supported by Jianyin Investment Company and China Offshore Services Ltd, are very pleased to have strategically joined forces with Providence and Lansdowne to develop the Barryroe field. This field has significant recoverable resources and we look forward to jointly developing this opportunity. Whilst the Farm-Out Agreement has been agreed specifically for Barryroe, the parties have also agreed to jointly investigate further opportunities in other licensed blocks offshore Ireland in the future."

BW

Try this link ;- https://bit.ly/2D0K5OW

BW

Thanks for link ( **************************************/company/PRD/?mediaAssetId=5b9a5b30a768f800118d14b8&jwsource=cl ) sull75.

That briefly sums up, what first made me look at PRD, & subsequently Buy in.

BW

If memory serves me well, it was TOR, 1cagney,....I do think TOR has done well, to raise the Funds in 2016, then bringing the two new Tullow guys in, followed by the Farm Outs,...the fact that Barryroe has not completed early Q3, is not the fault of any PVR management (imo),...I would rather look at what is going on in the bigger picture, for the reason, why Barryroe has not completing early Q3,...in my opinion, TOR has done well to turn PVR around, with the 2016 s/p@12p placing,...which is when I bought back into PVR.

BW

I am very comfortable, averaging up at this level rossannan,....picked a small tranche up today, 30,000 s/p@4.18p,....if they take it lower, its still a way to go, before my Gross s/p Buying average is hit,....if s/p gets there, i will start to Buy larger tranches.

BW

My ratio of Funds invested between the two is, 71.6% PVR & 28.4% LOGP approx, with no leveraged positions on either,....don't like what I read in the links posted earlier.

As you pointed out, not long to wait now, for end of Q3,....didn't the guidance say, expected to complete early Q3, or is my memory playing tricks on me.

BW

Haven't heard Malcy's blog on CERP, jcgswims,.....but it looks as though a few of us, agree on s/p level comment,....picked a few more CERP up myself today (averaging up here),...my Gross average still below current s/p level, although gap closing fast now.

BW