Anybody got any interests in PVR. I noticed that investor chronicle has it tipped as a buy. The magazine has given me good tips before. Worth a punt ?

I bought on 27/01/06 and up 60%, theres room for more also!!

plenty of news on its way,spanish point next i think and then dunquinn seismics.imoho.
well done explosive on 60% in 3 months.

There had better be, I am in today.

Cheers fred......

np sww

Thanks winner111 however afer todays performance my 60% is 71%. Best gain in '06 to date ;-)

dead fred,what is np sww

np sww - No Problem SeaWallWalker

any idea to closing sp today?and thanks olami5.

good trading day,hope for more of the same thursday!perhaps an rns aswell.

seawalker i take it you are a bit happier with todays rise.

Market has further run on in the anticipation of good news. Do I wait or cash in a handsome 88% profit is the question?

Wait,unless you are a mad bugger,pvr have yet to start,wait for action from xom.

mbugger - News would be better, a stop loss is inorder methinks!!

My gains are around 70% so far, those who took my advice and bought-in are very happy. I'm long on these.

Technotamed - "those who took my advice and bought-in are very happy". Jus wondered where you tipped the share as can't see anything on this thread?

winner111 sorry missed your question.

I am well in and staying in and happy to be here.

I am in profit by a few quid, but that's not important right now.

This is an intersting play and I look forward to the ups and downs, stresses and strains and the sucesses, as it all takes shape.

Thanks for asking.

sww

i have read on another bb there is to be an article in proactiveinvestors next week,might be worth a read.

I tipped these shares to my friends and collegues at work after doing some research, reading threads on BBs etc.

Providence Resources announce 2005 results
17/05/2006 - 07:52:54

Providence Resources plc have announced profits 127,000 for 2005.

Turnover increased by 30% to finish at 1,376,000 for the oil company.

The company has delivered on its stated strategy of achieving a balanced and diverse portfolio of assets, whilst also increasing its daily oil production, said chief executive Tony OReilly jnr.

Mr OReilly was upbeat regarding the firms programme of activity for 2006.

This includes the farmout of Spanish Point, seismic activity over Dunquin, further potential appraisal wells at AJE in Nigeria and possibly in the East Irish Sea, as well as a multi-well drilling programme being planned for offshore Ireland, he said.

The firm has recently secured a new 50m financing facility with Macquarie.

http://breakingnews.iol.ie/news/story.asp?j=182902008&p=y8z9xz7y4

The Irish Examiner reports that exploration group Providence Resources, controlled by Dr Tony OReilly, is looking at the prospect of massive oil and gas resources from its Atlantic drilling prospects.

At this point the group has the potential for more than four billion barrels of oil in reserve and up to 26.4 trillion cubic feet of gas in its Dunquin and Spanish Point projects, in the Porcupine Basin.

Spanish Point already has proven reserves of 160 million barrels of oil and 1.4 trillion cubic feet of gas waiting to be exploited.

Dunquin has 25 trillion cubic feet of gas and 4bn barrels of oil.

With the low tax regime introduced by Fianna Fl, Dr OReilly, who has a 45% stake in Providence, could earn more than 1bn from the two prospects.

Group chief executive Tony OReilly Jnr yesterday said the prospects held by the company, added to the Corrib find off Mayo, could result in Ireland becoming a net exporter of gas to Europe in the years ahead.

He could not comment on the earnings potential of his father if the Dunquin prospect lives up to its promise, but agreed the estimates on the reserves were in line with the groups projections.

Since Exxon Mobil farmed in to the Dunquin prospects in February Mr OReilly said the status of the Atlantic Rim has significantly enhanced the profile of this area.

Under the agreement, Exxon Mobil will conduct a significant exploration programme involving a spend of 100m in return for an 80% stake. Mr OReilly said it would be years before the Dunquin operation would be ready for exploration, but confirmed Exxon will start seismic assessment of the region in the next few months.

Under the Exxon deal Providence will keep 16% and Sosina 4% of the Dunquin project.

That 16%, with a virtually zero tax rate and no royalties to the State, could see Dr OReilly net well over 1bn, based on the current value of oil and gas and the exploration terms introduced in 1992 by Bertie Ahern and Ray Burke.

Shares in the group rose 1cent in early trading yesterday but closed unchanged at 10c.

In the past few months the shares have more than doubled.

Providence yesterday published its 2005 results yesterday showing the group made pre-tax profits of just over 100,000 for last year, close to previous years figure.

Revenue grew by 30% to just under 1.4m, helped by higher oil prices, with all of this coming from the companys interest in the Singleton oil field in Britain.

Providence is also seeking a partner for its Spanish Point development off the west coast and Mr OReilly said the move by Exxon which is the largest company in the world, has generated a large amount of interest in the Spanish Point project.

http://www.finfacts.com/irelandbusinessnews/publish/article_10005882.shtml

Seems to have been very quiet on this one,anybody got any news?