oilwatch
- 18 Dec 2006 23:43
hermana
- 05 Jun 2008 10:18
- 604 of 1263
winner,4 years is my guess.
GUTTA
- 05 Jun 2008 16:46
- 605 of 1263
IC?
hermana
- 05 Jun 2008 17:23
- 606 of 1263
Investors Chronicle
hermana
- 05 Jun 2008 18:08
- 607 of 1263
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
GUTTA
- 05 Jun 2008 23:53
- 608 of 1263
Thanks
hermana
- 07 Jun 2008 13:38
- 609 of 1263
GUTTA,plenty going on here behind the scenes!
hermana
- 09 Jun 2008 07:22
- 610 of 1263
One more link filled in.
GUTTA
- 17 Jun 2008 14:53
- 611 of 1263
Looks like all set for 1st July drilling in Ireland
hermana
- 17 Jun 2008 18:21
- 612 of 1263
GUTTA,probably more like mid July.
winner111
- 17 Jun 2008 23:18
- 613 of 1263
end of july.
winner111
- 18 Jun 2008 09:28
- 614 of 1263
volumes in shares traded are very low at the moment on the iex and aim,which is surprising considering recent news flows and upcoming drills.
hermana
- 20 Jun 2008 17:00
- 615 of 1263
winner,beginning a severe ping 'ere!
winner111
- 20 Jun 2008 19:28
- 616 of 1263
agm soon,one or two surprises in store.
hermana
- 21 Jun 2008 10:51
- 617 of 1263
winner,will report on AGM ..
hermana
- 22 Jun 2008 17:49
- 618 of 1263
Any takers here for Tuesday 11am AGM?
hermana
- 24 Jun 2008 07:38
- 619 of 1263
Celtic Sea likely to be focal point of AGM. Bring on them drills pronto...
winner111
- 24 Jun 2008 09:48
- 620 of 1263
share price pulling back before agm,hope for reversal.
hermana
- 24 Jun 2008 10:01
- 621 of 1263
winner,some big sells in current weak market. TOR will have to articulate PVR strategy with his usual flourish.
winner111
- 24 Jun 2008 10:09
- 622 of 1263
hermana,not seen the big sells?
hermana
- 24 Jun 2008 10:27
- 623 of 1263
wiiner,no worries!