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600k sell from 10am,no big buys in readiness for rns due on mon/tues.think we will move north again once the rns is out,wonder why the delay.

winner,a poster on advfn said house broker Cenkos told him it was due to time consuming new accounting standards under IFRS. Expect we will see them out early next week.

they have had plenty of time to deal with the accounts and new rules,wonder if some thing else has taken longer to sort out i.e asset sale maybe?

Thought I had better pop in and say hi, people were begining to talk!

Poo,how's it going?
Winner,could be an Aje sale and or a buy of Marathon's Irish assets.

hermana,if they do sell the aje asset now,they wont know what the deep prospects contain,who knows what there is down there and what it might be worth!

winner,they and Chevron drilled the Deep zone but never reported the findings. Talk on III thread of a possible Far East production buy here too.

Hi hermana - very good, I took quite a lot of profit yesterday morning from TRP and will look to buy back in if the porices drops to a respectable level again otherwise I'll stick with the few I have remaining.

I've not told the wife, she dont need to know, LOL.

ok ,thankyou hermana for clearing that up.Far east production buy would tie in with other family interests.

winner,indeed it will.

Poo,nice one. The gloss of recent seismics will slowly fade if finance and drill details do not emerge in short run. Will keep a beady for weakness there.....

Agreed on that.

looking forward to news this week to help underpin share price or i think a retrace will occur until HH spuds,anythoughts

winner,there will be news and results this week and am expecting more than a wee tickup in sp. Tomorrow or Tuesday for above.

Results Out!

good but no mention of Dunquin or Aje stake being bid for though.

GUTTA,says options on Aje stake under review and decision on Dunquin drills before end November after thorough analysis of Drombeg seismics.

hermana,dont think more than a wee tick up on this rns..but posititve and upbeat none the less.

From todays Examiner!

Providence upbeat after 2007 profit

By Geoff Percival
OIL and gas exploration company, Providence Resources has returned to profit ahead of a busy year of potentially lucrative drilling activity.


The Dublin-headquartered company yesterday reported profits for 2007 of 569,000 after exceptional items compared to a 1.6m loss in 2006.

Last years profit before exceptionals was 1.5m.

This year long pencilled in as a critical performance indicator for Providence given that much of its long-planned drilling operations are due to commence has started very positively.



Recently the company has made significant, high profile announcements.

These projects include saying that a seismic update programme on its Drombeg prospect off the south-west coast of Ireland is planned for next month, a gas discovery at its Gulf of Mexico operations with initial results exceeding pre-drilling expectations, successful early drilling at its AJE well off the coast of Nigeria and the acquisition of the Gulf of Mexico-based oil and gas portfolio of US company, Triangle Oil and Gas, for 43.5m.

The chance to acquire a majority stake in the Singleton oil field in the south of England and the discovery of oil at Hook Head in the Celtic Sea as well as securing a rig, in a very tight rig market, for that discoverys drilling round this summer have also been identified as major keys to Providences upturn in fortunes.

The combination of internally generated production cash flow, which more than covers our base operating activities, the new $250m (161m) financing facility with Macquarie Bank and other general financing options means that we will be appropriately financed to continue to advance our extensive portfolio of appraisal, development and exploration assets, Providence chief executive Tony OReilly Jnr said.

We were in a strong position during the last year to take advantage of a number of opportunities, he added.

Providences share price was up by 4.35% in Dublin, yesterday, closing at 12c.

Mr OReilly added that the companys shareholders could now look forward to the future with real optimism.

Hermana - I have followed/invested in PVR for a about a year or more now, every time I read a quote from Tom I believe him.

Do I need to see a therapist?