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PVR - Providence Resources - The Irish Explorer (PVR)     

hermana - 11 Mar 2008 13:03 - 413 of 1263

http://www.oilbarrel.com/home.html

hermana - 21 Mar 2008 10:20 - 414 of 1263

Irish offshore to witness unprecedented exploration projects



Shell will return to drill further exploration wells in the area around Corrib this summer as one of the busiest years ever for offshore exploration kicks off.


The oil major's Irish boss Andy Pyle said his firm will return to the area of the Dooish prospect drilled for further exploration drilling. The original Dooish well, it has emerged, contained a mixture of gas and condensate -- a very light liquid which is close to oil in its properties and which, it is thought, could provide an ideal feedstock for the refinery at Whitegate. As things stand, the Cork-based refinery is not able to deal with the heavier residues left when the lighter components have been refined and this residue must be exported overseas at some significant cost.

Whatever it contains, the Dooish west well, scheduled to start drilling soon, will need to carry additional reserves to make it worth developing the field.

In total, firms are set to spend over $200m (135m) drilling at least seven exploration wells in the Irish offshore this year. The drilling is likely to heighten interest in Ireland's junior exploration sector, with companies like Providence and Island Oil & Gas the major players as far as Irish investors are concerned.

The two have invested heavily in the Irish offshore and have played a key role in ensuring major companies like Exxon Mobil continue to view the offshore here as a viable exploration province (Providence was responsible for enticing ExxonMobil back to Irish waters). The US oil giant is likely to drill its Dunquin prospect in 2009.

Prior to that, the interest will focus on the drilling by Shell, and, given its record-breaking status, that interest should be considerable. The Dooish well will definitely set two and possibly three records for the Irish offshore sector. Apart from the distinct possibility that it will end up as the most expensive exploration well drilled in the Irish offshore, it will be drilled using the largest rig ever seen in Irish waters and, at more than 1,400 meters, will set a new record for water depth.

It is often said that the best place to drill for oil is on the floor of the Stock Exchange, and for good reason. Regardless of the long-term outcome, the excitement surrounding the busy drilling season is almost certain to entice new investors into the exploration sector.

required field - 22 Mar 2008 10:54 - 415 of 1263

There should be an update from Nigeria soon...on AJE prospect soon (I think) hopefully no delays !

hermana - 22 Mar 2008 11:00 - 416 of 1263

rf,in about 2 weeks!

required field - 22 Mar 2008 13:48 - 417 of 1263

Thanks hermana...fingers crossed for some good news !

hermana - 22 Mar 2008 14:26 - 418 of 1263

rf,there will be no flowtest but hope Chevron give us some detail on timeframes for move to production.

hermana - 30 Mar 2008 16:26 - 419 of 1263

Expecting RNS tomorrow on Apollo licence extension.

nite ram - 30 Mar 2008 23:39 - 420 of 1263

hermana, i note from another board the greed mongers- bottom fishers are
now taking stakes- positions in PVR ahead of the game

hermana - 31 Mar 2008 07:13 - 421 of 1263

nite,de bloody barbarians are at de gate! True....

hermana - 31 Mar 2008 17:42 - 422 of 1263

Aje news not far off now! Expecting good result there....

winner111 - 01 Apr 2008 19:33 - 423 of 1263

might be more than just aje-4 news in the next rns with 08 drilling up date due.

hermana - 01 Apr 2008 22:47 - 424 of 1263

winner,I am expecting a production buy or 2 also here.

GUTTA - 01 Apr 2008 23:52 - 425 of 1263

Looks like an exciting and much awaited summer!
Hermana, any thoughts on IOG, is it acquiring something?

hermana - 02 Apr 2008 06:38 - 426 of 1263

GUTTA,I don't know what is happening at IOG but it seems to be flying on the seat of its pants once again.

winner111 - 02 Apr 2008 21:59 - 427 of 1263

fairly low volume of shares traded with aje 4 rns due.

hermana - 02 Apr 2008 22:25 - 428 of 1263

winner,but rising...

hermana - 05 Apr 2008 12:50 - 429 of 1263

Monday Aje RNS? Word is that it will be worth the wait.

winner111 - 05 Apr 2008 22:33 - 430 of 1263

look forward to the positive news.

hermana - 06 Apr 2008 07:10 - 431 of 1263

winner,Aje to continue blue streak after HH...

poo bear - 06 Apr 2008 08:21 - 432 of 1263

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