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halifax,maybe he is a wee bit frustrated. Very possible.

He appears to be shooting himself in the foot!!

Alternatively he might be right. ;-))

Big Al why does he remain a shareholder then is he a masochist?

halifax,won't always be a masochist's wetdream here....

Don't know about winner sounds like a loser to me!

halifax ,i imagine being an investor with rose tinted glasses has made you rich beyond your wildest dreams.I dont insult fellow investors but if thats what floats your boat then please carry on.surely there has to be constructive feedback on the pros and cons of a companies performance.

Scale of Celtic Sea!

http://www.forestgate.ca/content.php?item=index

Times today.

Rumour of the day

Providence Resources, the gas explorer of the Irish Sea, 40 per cent owned by the newspaper tycoon Sir Anthony O'Reilly, is said to be close to obtaining a new licence from the Irish Government to explore further areas of the Atlantic west of Ireland in conjunction with its partner ExxonMobil. The shares were steady at 5.80.

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ExxonMobil to delve deeper off west coast
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By Pat Boyle
Monday January 21 2008


IN a major vote of confidence in the Irish exploration industry, ExxonMobil, the world's largest oil company, is set to increase its holding of acreage off the west coast.


Oil industry sources said the US oil giant, together with its Irish partner Providence Resources, is expected to be awarded a new package of acreage in the Porcupine Basin.

The firm is already active here after being enticed back to Ireland by Providence, who agreed a farm in deal with ExxonMobil for a share of the licence covering the giant Dunquinn prospect, also located in the Porcupine Basin off the west coast.

Dunquinn is the largest structure so far identified offshore Ireland and sufficiently excited ExxonMobil's exploration experts for them to agree a deal, which will see them earn an 80pc stake in the licence in return for drilling a well on the prospect.

A final decision on whether to proceed with this well is expected this year.

However, oil industry sources said that by applying for additional acreage in the same basin as the Dunquinn prospect, the US firm is signalling a major vote of confidence in the area and suggests that they will proceed with the Dunquinn well.

The sheer size of Dunquinn has caused considerable excitement in the global exploration industry and experts have compared it to the North Sea structure, which holds the giant Forties field, a structure which stood out even on the relatively primitive seismic available in the 1960s.

A major seismic programme operated by Providence was completed over Dunquinn during the summer of 2006, and if it does contain hydrocarbons, Dunquinn is of sufficient size to outstrip even the Forties field, which was developed in the 1970s by oil giant BP and which is still producing today.

Providence has also applied for acreage in a second consortium which includes another long-term partner Challenger Minerals. Last year, Challenger and Providence drilled a successful well on the Hook Head field in the Celtic Sea and the two companies also hold the rights to several other small fields off the south coast, including, Ardmore, Helvick and Blackrock.

The decision to apply for new acreage was taken despite the imposition of stricter terms on the industry, another sign of the oil major's confidence in the area. The revised licensing terms provide for a tax take of up to 40pc in the case of more profitable discoveries.

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Good read hermana.

should have news on aje-4 spud any day though trading is in favour of the sellers.no reply on phoneix article from pvr,was it more accurate than we holders wanted to hear?
Drilling plans released for 2008 will give a real boost when released.

Aje is spudded!!

All very quiet on the news,down on the irish exchange.

winner,last time I looked it was up 2.5% at 7.5c . Agree the response is underwhelming but spud was expected. Now for the rest of 2008 Drill Programme....

Cenkos note on Aje today.

http://www.providenceresources.com/html/documents/PVRAjeDrilling08.pdf

Tick up with two market makers moving on the bid.could be the start of a steady increase in sp.

winner,plenty of rises to come in next 6 months.

paint still drying here.April update on aje4 which will not be flow tested,so i doubt much increase from a positive result.

2008 Drill Program will be released soon. News on farmouts hopefully soon too. Seismics to begin at Dunmore on 23 Feb.