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PVR - Providence Resources - The Irish Explorer (PVR)     

hermana - 10 Sep 2007 07:26 - 207 of 1263

Light oil or rich gas!! Yippee.

winner111 - 10 Sep 2007 08:25 - 208 of 1263

well we have found something,looks good.

hermana - 10 Sep 2007 08:41 - 209 of 1263

winner,Eureka Eureka!

winner111 - 10 Sep 2007 09:02 - 210 of 1263

expected a steeper rise!will have to wait for final results.

hermana - 10 Sep 2007 09:11 - 211 of 1263

winner,20% porosity is a good sign.

winner111 - 10 Sep 2007 09:46 - 212 of 1263

market seems to have priced in results.

hermana - 10 Sep 2007 10:02 - 213 of 1263

winner,nice rise for now and in 2 weeks time things will be slightly more lively.

halifax - 10 Sep 2007 10:58 - 214 of 1263

Buying at 7p, getting there!!

seawallwalker - 10 Sep 2007 14:20 - 215 of 1263

Yes, the market will want a sustained flow rate before the fireworks start.

GUTTA - 10 Sep 2007 14:50 - 216 of 1263

Similar increase on ise, good start, waiting for it become great news!!!

hermana - 10 Sep 2007 19:58 - 217 of 1263

GUTTA,about 10 to 12 days wait.

GUTTA - 10 Sep 2007 23:27 - 218 of 1263

hermana, fingers crossed:)

hermana - 11 Sep 2007 06:35 - 219 of 1263

From todays Irish Independent.

Find should lead to more wells in the future
::: Analysis Oil and gas prospects


PROVIDENCE Resources owns the largest portfolio of oil and gas prospects in the Irish offshore and yesterday's discovery is likely to be followed by several more wells over coming years.


Apart from the Hook Head prospect, which is the subject of the current drilling, Providence Resources also hold the licenses for significant prospects off the west coast, including the Spanish Point gas condensate discovery and the Dunquinn oil/gas prospect.

Multi-national giant Exxon-Mobil has already farmed into the Dunquinn prospect, one which has caused considerable excitement in the industry and a decision on whether to drill or not is expected by the end of this year.

Providence also hopes to entice a partner to come in and part-fund drilling on the Spanish Point find.

The Hook Head structure is a large structure on which two previous wells have successfully encountered hydrocarbon bearing sands.

The original 50/11-1 discovery well was drilled by Marathon in 1971 but was not flow-tested due to severe operational issues at the time.

The subsequent 50/11-2 appraisal well was drilled in 1975.

Pre-drilling work conducted by Providence suggested that the Hook Head discovery could contain prospective resources of up to an estimated 70million barrels of oil or 250billion cubic feet of gas.

hermana - 12 Sep 2007 13:49 - 220 of 1263

Now 200bopd from High Island here.

GUTTA - 12 Sep 2007 22:29 - 221 of 1263

Hermana- 200 bopd equals - 10 bopd of pvr's share, is that significant amount considering oil has crossed $80/barrels??

hermana - 13 Sep 2007 06:51 - 222 of 1263

GUTTA,PVR gets 200 BOPD.

seawallwalker - 13 Sep 2007 07:09 - 223 of 1263

License award adjacent to Hook Head.

They are very busy in all the the right ways.......

hermana - 13 Sep 2007 07:24 - 224 of 1263

PROVIDENCE AWARDED NEW LICENSING OPTION IN CELTIC SEA
PROVIDENCE AWARDED NEW LICENSING OPTION IN CELTIC SEA Licensing Option 07/1 is adjacent to Hook HeadProvidence Resources Plc, the AIM and IEX listed company, together
with its Celtic Sea Partners, is pleased to announce that it has been
granted a Licensing Option over part-blocks 49/15, 50/7, 8, 11, 12 &
13 in the North Celtic Sea Basin, offshore Ireland by the Minister of
Communications, Energy and Natural Resources.
This new Licensing Option has a term of 1 year and covers an area of
some 375 square kilometers. The Option is situated in an area
immediately adjacent to Hook Head (held under SEL 2/07), where
Providence and its partners are currently testing the successfully
drilled 50/11-3 appraisal well. The area contains a number of
significant mapped leads and prospects at a similar level to those,
which are hydrocarbon-bearing in the Hook Head Structure.
The partners in this Licensing Option and their equity interests are*
Providence Resources Plc (Operator) 43.5294%, Challenger Minerals
(Celtic Sea) Limited 16.3235%, Dyas BV 16.3235%, Atlantic Petroleum
(Ireland) Limited 10.8824%, Forest Gate Resources Inc. 7.5% and
Sosina Exploration Limited 5.4412%.

GUTTA - 14 Sep 2007 18:57 - 225 of 1263

Hermana, Has been a good week so far, lots of positive news, have a nice w/e

Big Al - 14 Sep 2007 19:03 - 226 of 1263

PVR's problem is they get ADTI to drill their wells. ;-)
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