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 ?

DRILLING

* Petrolia Rig secured for drilling in 2007
* Potential for 2nd slot
* Additional rig slots being sought

Earlier this week, the Company announced an agreement with Island Oil
& Gas Plc ("Island") for the provision of the semi-submersible
drilling unit "Petrolia" in 2007, which Island had contracted for a
150-day drilling programme. Under the terms of an agreement reached
between Island and Providence, Island will assign 1 firm drilling
slot to Providence in 2007. This will allow Providence to progress
its drilling plans offshore Ireland for 2007, further details of
which will be announced in the coming months. The results of the
recently announced Gardline seismic survey will also be factored into
the decision making process on drilling locations. A further slot may
become available in 2007 depending on the duration of the respective
drilling programmes being carried out by the two companies.

Additionally, due to the substantial number of prospects available
within Providence's portfolio for both appraisal and exploration
drilling in Ireland, West Africa, and the United Kingdom, the Company
continues to search the market for additional rig slots, at
competitive market prices, for further 2007 drilling, as well as 2008
drilling.

OPERATIONS - NIGERIA

AJE, OML 113 (7.04% Interest)

* AJE 3 post well analysis completed
* Plans for AJE 4

The AJE 3 well offshore Nigeria was the third well drilled on the AJE
Field in OML 113, offshore Lagos, Nigeria and was spudded in 2005.
Whilst the well achieved its geological objectives, confirming the
presence of both oil and gas in both target reservoir intervals, it
was deep to prognosis which prompted further seismic evaluation by
the partners. The partners carried out 3-D seismic reprocessing to
link this well result with the existing two discovery wells (AJE 1
and AJE 2), as well as identifying a potential location for the AJE 4
appraisal well. The AJE 3 post well analysis has been completed and
overall, the revised analysis of the field suggests that the AJE
field could have the potential for both oil and gas production.
Currently, plans are being considered for the future drilling of AJE
4. Further news regarding the next steps for AJE are expected in the
coming months.

from the trades thread.....

Another one for the "UPS"
PVR 4.50 / 4.70p
Volume buying again after the short drop a couple days ago
MACD is on the turn now
News are that the company, has further extended its large holding of exploration acreage in the Irish offshore.
A good L2 at 2 v 1

Hi - just created a PVR thread in glorious technicolor for all PVR stalwarts and researchers. Normally, I dwell on a competitor thread, so it's up to you guys.

oil,you got me hooked!!!

It's been a while. PVR is doing well but in the last month they haven't went above the €7 mark.. I think I'll hold since Davy Stockbrokers reckon they'll make the €10 mark by the end of this year.

Midas of Daily Mail says £12!