clickable links:

• Operations Summary PAD ZOOMABLE IRISH CONCESSIONS MAP Upstreamonline ARDMORE ► BARRYROE ► BURREN ► CAMA ► CUCHULAIN ► DRAGON ► DROMBEG ► DUNMORE ► DUNQUIN ► HELVICK ► HOOK HEAD ► KISH BANK ► NEMO ► NEWGRANGE ► ORPHEUS ► PEGASUS ► POLARIS ► SILVERBACK ► SPANISH POINT ► SPANISH POINT SOUTH ►

looks good,just need the time frame for production to be announced.

looks like an order being worked at 8.4p,sell or buy?

winner,at 8.4p not a buy! Davy are intending to upgrade 24c valuation on receipt of more info on Aje.

thought as much,low valuation 24c.should match cenkos on 19p or so.

winner,Cenkos will have to upgrade again!!

iex volume up this morning,share price down on the news?

winner,more or less level. MMs will run out of shares soon though.

offer weakening slightly which is slightly confusing,seller seems to be having an impact on upwards movement,must be a seller ?
All looks good from the details released so far,would have expected more in the share price.Institutions must be looking at pvr very closely now with their diverse portfolio and production buying.
will take a while for market to get a proper perspective on the details.imoho

New Cenkos note on www.providenceresources.com under research link.

very interesting reading,should see some more interest in the company generated from the note.surprised the share price did not increase more and also there being the seller about,but a rise is a rise and the future looks very promising for the company.

winner,have received the dreaded IC recommendation!!

market not pricing in the rns,back to 8/8.5 i imagine for the time being!imo

Hermana,
What's the IC Recommendation?

GUTTA,a poster on III says IC but so far I can't find nowt. Time for another RNS here.

http://www.oilbarrel.com/email_index.html?page=/news/article.html?body=1&key=oilbarrel_en:1212631257&feed=oilbarrel_en

hermana,how long roughly before aje comes in to production do you think,3-4years?

winner,4 years is my guess.

IC?

Investors Chronicle

The IC piece!! 20 May 2008.

During 2007, Providence Resources acquired a majority stake in the Singleton oilfield, substantially increasing its daily production. Post year-end, the group agreed to acquire a portfolio of Gulf of Mexico assets from Triangle, producing a net 1,300 barrels of oil per day (boepd), for $67.5m. This trebles production to some 2,000boepd.



And exploration work continues apace. The Hook Head oil discovery in the Celtic Sea last October represents a significant oil find, where drilling on two wells will commence this summer. In early 2008, Providence successfully drilled a well at Galveston in the Gulf of Mexico. With drilling results better than expected, the project partners are fast-tracking this development and they might install a purpose built production platform to allow increased rates. Drilling of the AJE prospect offshore of Nigeria also substantially exceeded pre-drill expectations.

Providence is also looking to advance its four exploration assets off the west coast of Ireland, including at Drombeg, where the group, with its partners, was recently awarded 13 new blocks. The group bolstered funding to develop its portfolio through a 25.8m (20.5m) placing and a $250m (128m) revolving credit facility with Macquarie Bank.

PROVIDENCE RESOURCES (PVR)
ORD PRICE: 9.25p MARKET VALUE: 229m
TOUCH: 9-9.5p 12-MONTH HIGH: 9.25p LOW: 5.1p
DIVIDEND YIELD: nil PE RATIO: 581
NET ASSET VALUE: 2 NET CASH: 2.26m

Year to 31 Dec Turnover (m) Pre-tax profit (000) Earnings per share () Dividend per share (p)
2004 1.05 165 0.01 nil
2005 1.38 127 0.01 nil