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PVR - Providence Resources - The Irish Explorer (PVR)     

hermana - 06 Sep 2007 21:56 - 201 of 1263

halifax,I am rising at dawn tomorrow for the oily RNS!!

hermana - 07 Sep 2007 19:42 - 202 of 1263

Monday it is.

winner111 - 08 Sep 2007 10:01 - 203 of 1263

will it be good news on such low trading?

hermana - 08 Sep 2007 10:49 - 204 of 1263

winner,with a wee bit of luck!

winner111 - 08 Sep 2007 12:40 - 205 of 1263

another duster,very unlikely!question is will it be commercial .

hermana - 08 Sep 2007 14:30 - 206 of 1263

winner,next RNS will not say yes or no but on to testing.

hermana - 10 Sep 2007 07:26 - 207 of 1263

Light oil or rich gas!! Yippee.

winner111 - 10 Sep 2007 08:25 - 208 of 1263

well we have found something,looks good.

hermana - 10 Sep 2007 08:41 - 209 of 1263

winner,Eureka Eureka!

winner111 - 10 Sep 2007 09:02 - 210 of 1263

expected a steeper rise!will have to wait for final results.

hermana - 10 Sep 2007 09:11 - 211 of 1263

winner,20% porosity is a good sign.

winner111 - 10 Sep 2007 09:46 - 212 of 1263

market seems to have priced in results.

hermana - 10 Sep 2007 10:02 - 213 of 1263

winner,nice rise for now and in 2 weeks time things will be slightly more lively.

halifax - 10 Sep 2007 10:58 - 214 of 1263

Buying at 7p, getting there!!

seawallwalker - 10 Sep 2007 14:20 - 215 of 1263

Yes, the market will want a sustained flow rate before the fireworks start.

GUTTA - 10 Sep 2007 14:50 - 216 of 1263

Similar increase on ise, good start, waiting for it become great news!!!

hermana - 10 Sep 2007 19:58 - 217 of 1263

GUTTA,about 10 to 12 days wait.

GUTTA - 10 Sep 2007 23:27 - 218 of 1263

hermana, fingers crossed:)

hermana - 11 Sep 2007 06:35 - 219 of 1263

From todays Irish Independent.

Find should lead to more wells in the future
::: Analysis Oil and gas prospects


PROVIDENCE Resources owns the largest portfolio of oil and gas prospects in the Irish offshore and yesterday's discovery is likely to be followed by several more wells over coming years.


Apart from the Hook Head prospect, which is the subject of the current drilling, Providence Resources also hold the licenses for significant prospects off the west coast, including the Spanish Point gas condensate discovery and the Dunquinn oil/gas prospect.

Multi-national giant Exxon-Mobil has already farmed into the Dunquinn prospect, one which has caused considerable excitement in the industry and a decision on whether to drill or not is expected by the end of this year.

Providence also hopes to entice a partner to come in and part-fund drilling on the Spanish Point find.

The Hook Head structure is a large structure on which two previous wells have successfully encountered hydrocarbon bearing sands.

The original 50/11-1 discovery well was drilled by Marathon in 1971 but was not flow-tested due to severe operational issues at the time.

The subsequent 50/11-2 appraisal well was drilled in 1975.

Pre-drilling work conducted by Providence suggested that the Hook Head discovery could contain prospective resources of up to an estimated 70million barrels of oil or 250billion cubic feet of gas.

hermana - 12 Sep 2007 13:49 - 220 of 1263

Now 200bopd from High Island here.
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