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no news =bad news, time to sell?

That's what the market is doing for sure.

Steady today in inevitable runup to TD RNS!

Rns out......still on going....

We'll know by Easter....

Or beginning of March with luck....

I reckon that PVR and LOGP have a 100 to 200 million barrel oil field here....reading through the rns : they or a previous operator drilled a well 20km away on the same prospect .....20km...that's 12 miles or so on the same prospect with the same sandstone and reservoir.....this is another RKH or XEL in the making !.....incredible but this could be fantastic.....and no sign of the herd......yet....

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I'm in as well...but they only have a holding in LOGP which in turn has 20% of Barryroe....so don't expect that to move as much as PVR or LOGP....LOGP has a smallish market cap so it moves as much as PVR even though they are the 80% operators.....I'm guessing that the field is twice what it was estimated to be !...at least....

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Testing should be underway by now......

what flow test is expected,at least 1800mbpd to be commercial,or are we above this figure,on estimates.

With the price of oil rocketing the amount needed to be commercial is probably a lot less (that's if oil remains sky high)...and as there is not enough in the world to go round ; it should....

Will be safely above 1800BOPD!

Buyers out in force this afternoon...

I reckon,..reading through their rns again and given the fact that the Barryroe area is quite large that : they might have a major or medium size oilfield here...perhaps as large as 200 million recoverable barrels......just a guess but that would be incredible for Ireland and the companies involved......the wells drilled so far come up with the same results if not better with the latest one and are miles apart.....the sp to double for PVR, LOGP and SLE on such an outcome...?....and what with this being just the start of a whole series of wells....perhaps I'm a bit too optimistic with my figures but that's a lot of oil in the ground...even 100 million barrels would be a fantastic result...if I understand this properly the Barryroe prospect lies below the gasfield (Seven heads gas reservoir) that is of course above it....now doesn't an oilfield always have gas above it ?....and don't they flare that off...but not this time as it is being pumped to the southern Irish coast or taken off in tankers (not sure which one)......could that mean that the oilfield is a big one ?....the latest rns is very optimistic....no sign of the herd yet ?....this could be a superb discovery in the making and would put the oil industry in Ireland on the boil !.

I'm surprised that there is so little interest in this, LOGP, SLE and SEA apart from What's hot tip site......could be on the verge of a great discovery on our doorstep (Eire)...and hardly any blogs.

Providence oil to start flowing this week

Looking for Excellent flowtest results here.

RNS due in next 3 days. Today a day to forget on the markets...