Member Info for wraith

I should have added, for any new people that might be reading, PVR have an 80% interest in Barryroe drill (PVR Cost of drilling Barryroe well, plus sidetrack, estimated at US$20m). LOGP have the other 20% of Barryroe, (still holding a good Core shareholding, in LOGP myself). BW

My own view is, in an ideal world, PVR would achieve Farm-Out's on;- Newgrange, approx potentially 9 Billion barrels of Oil (with just North of US$20m estimated well costs),...Barryroe (with well & sidetrack estimated costs of US$25m),.... & Cairn take up their Option, to Farm into AVALON, approx 12 Billion barrels of Oil, targeted for 2021 drill (which subject to well Cap of US$42m, would reduce PVR Costs on an AVALON well to US$5.376m, for a 24% stake of potentially 12 Billion barrels of Oil). BW

Just noticed, last clip not working, this one does, at time of posting;- Interview: http://www.proactiveinvestors.co.uk/companies/stocktube/5273/newgrange-very-significant-resource-potential-says-providence-boss-5273.html (from 0:37 into clip). BW

Newgrange well Cost, of just North of $20m, is mentioned in this interview;- Newgrange �very significant resource potential� says Providence boss. Interview: https://www.*************.net/newgrange-significant-resource-potential-says-providence-boss/ (0:37 into clip). BW

Providence outlines drilling schedules offshore southern, western Ireland. The article says,...PVR aims to achieve improved definition around structure, reservoir, fluid phase, connectivity and resource estimates, helping to move the Barryroe East Flank project toward development. Source: http://www.offshore-mag.com/articles/2017/11/providence-outlines-drilling-schedules-offshore-southern-western-ireland.html Roll on Barryroe drill,...also mentioned, is Frontier exploration license 6/14, which is located between the southern Porcupine and Goban Spur basins off western Ireland, being the planned 62/07-A Newgrange exploration well,....PVR hopes to spud the Newgrange well, in either 2019 or 2020,.... with Barryroe well & sidetrack estimated Cost $25m & Newgrange estimated well Cost, just North of $20m,...will be interesting to see what develops on the Farm-out fronts, over the coming months. BW

Drill or Drop Source, identified below;- But Surrey County Council told DrillOrDrop today: �Our position is unchanged. �We are in ongoing discussions with Angus Energy�. Source: https://drillordrop.com/2017/10/23/council-confirms-angus-oil-production-scheme-at-brockham-does-not-have-planning-permission-reaction-from-residents-mep-and-investors/ BW

Here is the link Drill or Drop link;- "Angus announces go-ahead for oil production at disputed Brockham side-track" Source link: https://drillordrop.com/2017/10/23/angus-announces-go-ahead-for-oil-production-at-disputed-brockham-side-track/ BW

LONGWAIT,...I am waiting on Cairn Option decision, to know final breakdown percent, of AVALON drilling costs;- CAIRN OPTION ₋ Exclusive Option agreed with Capricorn, a subsidiary of Cairn Energy PLC , where Capricorn has the right to farm-in to a 20% working interest in LO 16/27 from Providence and Sosina ₋ The Option can be exercised by Capricorn within 60 business days of the completion (plugging and abandoning) of the 53/6-1 well on Frontier Exploration Licence 2/14 ₋ In the event that Capricorn exercise the option, Providence, Sosina and Capricorn will enter into an agreed Farm-in Agreement to effect the transfer of a 20% working interest in LO 16/27 to Capricorn, based on the following terms where Capricorn will: ₋ Pay its pro-rata share of past gross costs of c. US$ 0.175 million ₋ In addition to its pro-rata share, pay 8.6% of the past and future costs during the 2-year term of LO 16/27, subject to a gross cost cap of US$ 1.33 million ₋ Capricorn also agreed that, in the event that the JV agree to convert LO 16/27 into a FEL and a decision is taken to drill an exploration well, Capricorn will pay 24% of drilling costs, subject to a gross well cap of US$ 42 million ₋ In the event that Capricorn exercises the Option, the final equity in LO 16/27 will be TOTAL 50% (Operator), Providence 24%, Capricorn 20% and Sosina 6% Source: http://www.providenceresources.com/sites/default/files/PVR%20INVESTOR%20PRESENTATION%20-%20H1%202017%20RESULTS_0.pdf (page 13) BW

Tacuma,...That is as I recall events unfolding on the podcast,.....biased. BW

Sat & listened to that clip last night, myself Rudey,.....remember the same being read out,....would have been allowed, even if it were considered to be a major development. BW

Yes, the "COMPLETION OF FARM-IN WITH TOTAL" RNS, is good to see JH77,....with ref to the end of trading days large Buys of late,.... we know from the 9th Oct 2017 RNS, Pageant have been Buying PVR shares, up to that date. BW

That made me smile JH77,....I noticed there are, another couple of large end of trading day, trades above. BW

Hope those other positions work out for you JH77,......saw your post on EOG board the other day,.... I'm holding a good position in EOG, waiting for PEDL143 (Holmwood) Weald Basin drill there. Also holding/building a good position in CERP. Holding other companies shares also, spread the risk,.........PVR is my largest position (Funds Invested) at present though,....could have good news drop here at anytime, to lift s/p into teens,... if not,.... will leave both, Float & Core, PVR shareholdings invested, for Barryroe drill results. BW

Hi JH77,...yeah, s/p heading North would be good, cheap as chips at present (imo),....we are well into the 60 day period now, & it looks to myself, that someone, is/has been, hovering up PVR shares. Been working on my Float PVR shareholding, whilst quite here at PVR,......at present, a PVR Bid s/p@14.174 on my Float shareholding (if sold), would leave me with a six figure, free Core shareholding,...does not need a lot of that good news you mention, to lift PVR s/p, up into the teens (imo),....which would make me a very happy man. Also holding good positions, in other share myself. BW

That late ( 11-Oct-17) reported, 2m share Buy s/p@7p above (140,000 pounds ),...looking as though, someone reckons so, JH77. BW

You are welcome djpaul10,....I'm looking forward, to the Holmwood drill, myself. BW

Interesting post crushcutfluor,...Holmwood in the Goldilocks zone;- "The well is being planned for drilling in 2017 and has been assigned a geological chance of success by Europa of 1 in 3." Spurce: http://www.europaoil.com/operations/uk/exploration/PEDL143.aspx BW

Thanks for the reply spuddymadrid, (on ADVFN board). BW

Can anyone here post on ADVFN board,...if so, I would be grateful, if you could ask ADVFN poster spuddymadrid, is there a Source link, with ref to Total news mentioned, in today's post below;- "See that Total Have Been granted a Petroleum Prospecting Licence By the Minister. Announcement in Irish Independent. Total are the operator at Avalon only I think. Maybe we Will See a Drill announced shortly at Avalon". BW

continuation: ₋ In the event that Capricorn exercises the Option, the final equity in LO 16/27 will be TOTAL 50% (Operator), Providence 24%, Capricorn 20% and Sosina 6%". Cairn, in 60 days period now,...will Capricorn exercises the Option? BW