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https://www.thephoenix.ie/article/providence-shareholders-prepare-for-bond-boost/
Firstly thank you for posting the article Jodo.
The Phoenix argument that Pat Plunkett should maybe have picked a geologist over a chemical engineer is tiny given the PR element that Mr Linn brings to the job.
Could be that he broke some BONES as well ?
Why would Spot On want to merge with PVR if we dont get the bond away?
donalb,love the last line of your first post,Dubh "linn".
Amran, I really would be guessing on all fronts.I have been looking into Pareto,the guys doing the bond.Their website,https://www.paretosec.com/ has a bottom section titled 'Latest Credentials' which gives their latest publicly disclosed deals and amounts.I was looking for anything on the Benley field ,alas nothing.They do however do a good line in handling mergers and aquisitions.Hmmm.
Jan Vatsvåg is mentioned in the recent Norwegian press report as a 25% shareholder in Spot On.It is very easy for anyone to find this guys history. Founder,Chair/CEO of Global Maritime which he steered for 25 years and which in turn employed hundreds of civil engineers .He also founded Offrig which was taken over by COSL to name just two of the successful companies this serial entrepreneur has created.No doubts -Spot On are serious players.
Think the SBP story is a little appetiser to get the bond sealed.If it was Spoton that made an approach,PVR can legitimately say that they are not in discussions at this time.
https://greennews.ie/cabinet-oil-and-gas-exploration-ban-2021/
Jack,wonder if positions in the second part of this coalition government are already agreed and thats why our timeframe is kicked out till 2022.Hard to imagine coalition only making plans for only two and a half years after being in six months negotiating a government?
Listening to Minister Ryan on drivetime radio this evening.Firstly he said that there has been no signifiicant oil field ever found off the Irish coast and then he says that the new legislation will not affect any existing licences.??%$#?? Think he's caught between political pandering and the law.
The timing of the press release is also questionable given the bond issue must be about now.
Doesn't take much to frighten the horses here.
"Boeuf a la mode" Delboi.John Sullivan,the writer, was only 64 when he died.Lifes too short .
Delboi,only costs €300 to set up a registered company,but as you say it certainly is interesting!
Good write up from flutter (paddy power).com
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.flutter.com/sites/paddy-power-betfair/files/csd-migration/5-csd-migration-qanda.pdf&ved=2ahUKEwj19J6upL_uAhUlUBUIHU14BHcQFjACegQIFBAB&usg=AOvVaw0Xw-Th9uaOPPq9jpVZwXP1
Correction ,former chairman.
I see Pesident Michael Higgins has led tributes to Prof. Brian Hillery chairman of this company who passed away last week.
LOL??????
Aker,from wikipedia - In 2007, the company was identified by Amnesty International as an accessory to torture and other human rights abuses for its collaboration in constructing and maintaining the US detention camp at Guantanamo Bay. Aker Kværner first broke ground at the site in 1993 and continued contract work with the US Department of Defense until 2006.
Riggers in orange jumpsuits visable from Cork coastline!
I see Aker got a $ 60 million bond away 'to be used for general management'
https://www.prnewswire.co.uk/news-releases/aker-asa-successful-placement-of-new-unsecured-bonds-896041961.html