Member Info for wraith

If we have,..."successful farm out completions for the Barryroe field and Newgrange this year, followed by drilling at those and the Dunquin South prospect in 2019 and 2020",... is what article indicates ( https://www.irishexaminer.com/breakingnews/business/providence-seeing-good-investor-interest-in-assets-842325.html ),...PVR have achieved good Farm Outs to date, giving myself more confidence in their ability, to achieve above targeted Farm Outs. BW

Did not see BBC news you mention,...just been reading DRILL OR DROP;- "Government announces plans to speed up fracking decisions in England + detailed reaction" https://drillordrop.com/2018/05/17/government-announces-plans-to-speed-up-fracking-decisions-in-england-detailed-reaction/ Good news,... "Ministers are considering taking fracking decisions in England out of local control and allowing shale gas exploration wells to be drilled without the need for planning applications." (imo). BW

Welcome aboard npwharf. BW

LONGWAIT,....I'm always looking at the possible downside,.....when the Barryroe Farm Out is completed, I would expect to see a re-rating of PVR shares, strongly to the upside,.....if for some reason, Barryroe Farm Out does not complete, then the downside could be quite severe (imo). I'm a Strong Buyer here at PVR, taking the view, Barryroe Farm Out, will complete Q3. BW

Energiser,... you say "mark my words this will be back to 3p or 4p in no time at all" ,.....I was expecting to see some profit taking, but not back to my last Buy level (s/p@3.7944p Gross Cost),...... hope your crystal ball prediction wrong, or I will be averaging down here, instead of averaging up,.....does not matter much to myself though, as I will be increasing here regardless,...here for Rhea drill, when it happens, the longer it takes, the more shares I accumulate. No shattered dreams here,...hope it is the same with yourself. Tune: https://youtu.be/ctwqa3QCwMw BW

Good interview, thanks for posting link ( http://www.proactiveinvestors.co.uk/companies/stocktube/9309/providence-resources-offering-investors-a-unique-opportunity-ahead-of-next-wave-of-activity--9309.html ) jupiternmars. LONGWAIT,....recently, I have been considering, increasing my PVR shareholding,.....after listening to above interview link (twice), I'm now considering, by what % to increase my PVR shareholding by. BW

Looking good to myself kread,......just been looking at todays, PMO Trading and Operations Update (16 May 2018). This is from under heading, "Pre-developments";- "In the North Falklands basin, Premier remains focused on securing funding for the project ahead of final investment decision. Premier is completing the selection of the main contractors for the project and is finalising letters of intent to underpin the contractual arrangements and the provision of vendor funding for $400 million. Premier expects to appoint a pathfinder bank shortly to assist with the arrangement of senior debt facilities for the project." Source: http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/PMO/13642637.html BW

ARG, Rhea has prospective recoverable (P50) resources of 443 million barrels of oil & is Farmed Out ( http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/ARG/12508355.html ),....BOR still looking to Farm Out their discovery. I'm holding shares in both BOR & ARG,....good to see interest returning. BW

I take a similar view (Rhea drill), to yourself falklandinvestor. I'm also happy to Hold & Buy, at this stage,....the rise in s/p level is pleasing to see, any significant retrace in s/p, from current level, will capture my full (Buying) attention. * Rhea has prospective recoverable (P50) resources of 443 million barrels of oil. Source: http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/ARG/12508355.html BW

Yes it is, still waiting myself. BW

I also see massive upside potential, in PVR s/p, LONGWAIT,.....roll on Q3. BW

Rhea drill & ARG acreage, is why I am here. BW

It's nice to see. BW

I notice, we have two threads, with the same heading,.....I was responding, to your post Battle;- Yes, it is,.....good to hear, that the Chinese are very aggressive, wanting to move along quickly here. BW

Yes, it is,.... with Barryroe drilling targeted to start Q2 2019, (for approx, a six month drilling campaign period, costing between $100m & $120m). Newgrange prospect, estimated cost of $15m to drill, is also very good,....the earlier estimate, was just north of $20m. Dunquin South exploration prospect, also sounds promising. Link brought forward: https://youtu.be/vSUg-tadkag BW

Here is the presentation link: http://www.providenceresources.com/sites/default/files/PROVIDENCE%20INVESTOR%20PRESENTATION%20-%20APRIL%202018%20-%20FINAL.pdf Did not attend myself JH77, but I do like this Farmout. BW

The fact, APEC are to finance Providence�s (40%) & Lansdowne�s (10%) share of the drilling programme costs, by a non- recourse loan, "Secured Against Future Barryroe Production Cashflow", is most encouraging. Source: http://www.providenceresources.com/sites/default/files/PROVIDENCE%20INVESTOR%20PRESENTATION%20-%20APRIL%202018%20-%20FINAL.pdf (page 12). ("A nonrecourse debt is a type of loan secured by collateral, which is usually property. If the borrower defaults, the issuer can seize the collateral but cannot seek out the borrower for any further compensation, even if the collateral does not cover the full value of the defaulted amount."). BW

PVR Barryroe Farm-out (farm-out is expected to complete later this year), is very good news (imo),......read the presentation earlier,.... now, I'm very comfortable, with my shareholding position in PVR, (PVR is largest Funds invested position, in my portfolio). I have been catching up on the boards (been to busy recently, to read them), having read comments about PVR directors not buying shares,.....I do not see how they can, whilst still in Farm-outs discussions. BW

Your welcome JH77,....with the Market Cap at �8.41m today, a �60m Markey Cap would be about a 7 bagger from today's level,....holding several hundred thousand LOGP shares myself,.... with the ASK s/p@1.4p (which is just under, my current LOGP shareholding Gross s/p average), I'm getting tempted to round it up to half a million LOGP shares, held in portfolio. BW

Your welcome Phil164,....my intention is to build a larger BOR shareholding, over the coming months, as fresh Funds allow me to. In the event of dilution here at BOR, I will take Funds from other positions, to take advantage. BW