Providence Resources - Dunquin South Licence Update - 2019 Work Programme & Budget Approved
Providence Resources P.l.c. (PVR LN, PRP ID), the Irish based Oil & Gas Exploration Company (“Providence” or the “Company”), today provides a licence update on Frontier Exploration Licence (“FEL”) 3/04 located in the southern Porcupine Basin. FEL 3/04 is operated by Eni Ireland BV (36.913%) on beh ...Oil Price, President, Hurricane, Reabold/Upland/United, Providence, Velocys, and Finally…
WTI $59.93 -26c, Brent $70.12 -6c, Diff -$10.19 +20c, NG $3.79 +7c Oil Price The rally that started yesterday morning failed to take any hold and oil prices ended down on the day and today has started weak again. There is little doubt that the December 6th meeting is going to be crucial as th ...Malcolm Graham-Wood - Malcy's Blog
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WTI $70.80 -32c, Brent $78.70 -70c, Diff -$7.90 -38c, NG $2.98 +7c Oil Price As we discussed earlier in the week, the Opec+ meeting occurs on Sunday in Algeria and participants have been doing a bit of pre-meeting position taking. Yesterday it was President Trump and he's not even at the meet ...Malcolm Graham-Wood - Malcy's Blog
Providence Resources Signs Updated Barryroe Farm-Out, Announces Interim Results
Barryroe; The Company today confirms its farm-out with APEC (a Chinese oil consortium) on Standard Exploration Licence 1/11, which includes the Baryroe oil accumulation First announced in March, following governmental consent and amended terms APEC has now been assigned a 50% equity stake in S ...Providence Resources Technical Update - Dunquin South
2017 3D SEISMIC DATA RECEIVED AND INITIAL EVALUATION COMPLETE INTERPRETATION CONFIRMS THE PRESENCE OF THE LARGE DUNQUIN SOUTH PROSPECT LARGE POTENTIAL BREACH POINT IMAGED OVER DUNQUIN NORTH PROSPECT INTERNAL SEISMIC REFLECTIVITY AND VELOCITIES INDICATE DUNQUIN RIDGE TO BE OF SEDIMENTAR ...Oil Price, Genel, Providence, and Finally…
WTI $69.46 +70c, Brent $72.58 -32c, Diff -$3.12 -$1.02, NG $2.77 +5c Oil Price More flip flopping around yesterday as a good start, prompted by the Saudi Opec Governor's comments that exports may fall back by around 100/- next month, was swiftly punctured by the end of the Norwegian strike wh ...Malcolm Graham-Wood - Malcy's Blog
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WTI $74.11 +26c, Brent $78.86 +79c, Diff -$4.75 +53c, NG $2.79 -4c Oil Price Yesterday wasnt so bad for oil bulls, the Norway strike meant some shortage appearing and after the close the API stats showed a 6.8m draw in crude and 1.6m in gasoline even if distillates did build by 2m barrels. ...Malcolm Graham-Wood - Malcy's Blog
Providence Resources Completes Newgrange Site Survey
DEMOBILISATION OF GARDLINE'S M/V KOMMANDOR HAS COMMENCED LARGE NUMBERS OF SEABED POCKMARKS IMAGED ON SITE SURVEY DATA DISCUSSIONS WITH POTENTIAL THIRD PARTY FARMINEES CONTINUE Dublin and London – July 11, 2018 - Providence Resources P.l.c. (PVR LN, PRP ID), the Irish based Oil & G ...Oil Price, Savannah Petroleum, Wentworth Resources, Providence and Finally…
WTI $63.01 -$1.93, Brent $67.64 -$1.70, Diff -$4.63 +23c, NG $2.68 -5c Oil Price The chartists are giving it some this morning as they had been getting worried that all their resistance points for crude oil were being wiped out. They now see further falls back to $60 but hey, they're chartist ...Malcolm Graham-Wood - Malcy's Blog
Providence Resources: Update on Frontier Exploration Licence
LICENCE UPDATE FRONTIER EXPLORATION LICENCE 6/14 NEWGRANGE · EXTENSION OF THE FIRST PHASE OF THE FRONTIER EXPLORATION LICENCE 6/14 TO MARCH 2019 · HIGH RESOLUTION 2D SEISMIC DATA AND WELL SITE SURVEY ACQUISITION PLANNED TO COMMENCE SUMMER 2018 · ...Ashurst Advises on the Sale of a 50% Stake in Barryroe Field in Ireland
International law firm Ashurst is advising Providence Resources plc ('Providence'), the Irish based oil & gas exploration company, and Lansdowne Oil and Gas plc on a farm-out agreement ('FOA') with APEC Energy Enterprises Limited ('APEC') relating to standard exploration licence ('SEL') 1/11, conta ...Zenith Energy, Providence Resources
Zenith Energy Zenith has announced that it has entered into an option to purchase with binding exclusivity an oil production asset located in Indonesia. The proposed acquisition envisages Zenith acquiring a 100% WI in an oil production licence which contains two onshore blocks totalling 65 sq ki ...Malcolm Graham-Wood - Malcy's Blog
Providence Resources Barryroe Farm-out
FARM-OUT AGREEMENT SIGNED STANDARD EXPLORATION LICENCE 1/11 - BARRYROE, NORTH CELTIC SEA BASIN PROVIDENCE & LANSDOWNE AGREE TO FARM-OUT A 50% WORKING INTEREST IN BARRYROE TO A CHINESE CONSORTIUM (“THE CONSORTIUM”) LED BY APEC ENERGY ENTERPRISE LIMITED (“APEC”) THE CONSORTIUM TO FUND ...Oil price, President Energy, Hurricane Energy, Providence Resources, Frontera Resources And finally…
Oil Price A good day yesterday as the market was positive ahead of the Opec/non Opec meeting at which an extension of the deal looks likely. The EIA inventory stats showed a build of 4.6m barrels but although that was slightly ahead of forecasts given the hurricane damage is still pretty ir ...Malcolm Graham-Wood - Malcy's Blog
Oil price The EIA inventory stats followed the API numbers and reported a healthy draw of 7.6m barrels as predicted here but not by the goons on the Street who had crayoned in 2.3m barrels. Mixed news though with production still high, Libya up again and the KSA slightly exceeding quotas, (but onl ...Malcolm Graham-Wood - Malcy's Blog
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