Proactiveinvestors United Kingdom Providence Resources articles

Providence Resources not prepared to rest on its laurels - UPDATE

Mon, 14 May 2012 10:33:00 +0100

Providence Resources signalled this morning it isn’t prepared to dwell on its recent success – and nor can it afford to with no fewer than seven appraisal, exploration opportunities slated for the next 18 months.

Providence Resources not prepared to rest on its laurels

Mon, 14 May 2012 07:09:00 +0100

Providence Resources signalled this morning it isn’t prepared to dwell on its recent success – and nor can it afford to with no fewer than seven appraisal, exploration and production opportunities slated for the next 18 months.

Providence Resources says Barryroe reservoir sands are ‘widely developed’ and mappable

Thu, 10 May 2012 07:54:00 +0100

The Irish oil explorer today told investors that the basal reservoir sands that flowed in the recent Barryroe well are ‘widely developed’ in the surrounding area.

Providence Resources’ Barryroe result was a giant leap forward, says Cenkos

Mon, 30 Apr 2012 11:09:00 +0100

The successful outcome of the Barryroe project was a giant leap forward for Providence Resources, says Cenkos analyst Will Dymott. The analyst reckons Providence shares could now be worth several multiples of the current share price of 560p.

Providence Resources' Slyne Basin licence demonstrates “exciting gas potential”

Thu, 19 Apr 2012 07:43:00 +0100

Providence Resources’ new acreage in the Slyne Basin off the coast of Ireland has demonstrated “exciting gas potential”, the company said this morning.

Providence Resources: Bullish broker ups target after Barryroe success and US$100 mln funding

Tue, 10 Apr 2012 11:26:00 +0100

Liberum Capital has raised its target price for Providence Resources by a massive 400 pence from the previous level to 1,250 pence.

Can junior oil keep AIM's motor running?

Sun, 08 Apr 2012 13:15:00 +0100

Oil and gas explorers have led the way in the outperforming AIM market so far this year. And as investors spend this long Easter weekend reflecting on this outperformance, the question most will ask themselves whether or not the junior oil and gas sector continue to drive the AIM market higher?

Providence Resources' Barryroe well continues to flow good news

Fri, 23 Mar 2012 07:38:00 +0000

The good news continues to flow from Providence Resources’ Barryroe well. A week after confirming Ireland’s first commercial offshore oil find, the company unveiled a second round of results, which once again exceeded expectations.

Providence Resources: Repsol to take charge of Newgrange deep-water project

Thu, 22 Mar 2012 07:37:00 +0000

Providence Resources today confirmed that Repsol will be the operator of a new venture off Ireland’s south-west coast, which includes the large Newgrange gas prospect.

Providence Resources: Pivotal well result is landmark for Irish oil industry

Fri, 16 Mar 2012 08:01:00 +0000

Providence Resources’ results from its pivotal Barryroe appraisal well, offshore Ireland were a landmark not only for the company but the nascent Irish oil industry, its chief said.

Providence Resources reveals significantly better than expected results from Barryroe

Thu, 15 Mar 2012 07:01:00 +0000

Providence Resources weighed in with significantly better than expected drilling results from its appraisal well on the Barryroe Field in Ireland’s Celtic Sea.

Providence Resources shares spike 12 pct after upbeat Barryroe update hints at upgrade

Mon, 27 Feb 2012 10:49:00 +0000

Shares in Providence Resources spiked more than 12 per cent in morning trade after the explorer unveiled “highly encouraging” results from the Barryroe well off the coast of southern Ireland.

Providence Resources unveils "highly encouraging" results from Barryroe

Mon, 27 Feb 2012 07:26:00 +0000

Providence Resources this morning unveiled some “highly encouraging” early results from the Barryroe appraisal well off the coast of southern Ireland.

Providence Resources encouraged by progress on Barryroe well, says chief executive

Thu, 09 Feb 2012 14:26:00 +0000

The well has now successfully assessed both the upper gas field and a secondary reservoir target. Results so far are consistent with the company's expectations. Drilling is now going ahead through to the primary reservoir target and the result is likely to be ready within around three weeks' time.

Providence Resources unveils encouraging results from its secondary target on Barryroe

Thu, 09 Feb 2012 07:18:00 +0000

Providence Resources this morning provided a highly encouraging update on its Barryroe appraisal well in Ireland’s Celtic Sea.

Providence Resources' potential significantly undervalued, says broker

Thu, 26 Jan 2012 10:46:00 +0000

Cenkos has set a target price of 857p for Providence shares, with an estimate of the Barryroe prospect alone at $370.6 million or 476p per share.

Providence Resources primed for success

Fri, 30 Dec 2011 09:15:00 +0000

We talk to explorer Providence Resources, whose portfolio includes licence interests in offshore Ireland, onshore and offshore UK, offshore USA and offshore Nigeria.

Providence Resources provides encouraging drill update from Barryroe

Wed, 14 Dec 2011 07:47:00 +0000

Providence Resources this morning gave an encouraging update on its first well on the Barryroe Field in Ireland’s Celtic Sea.

Providence Resources kicks off high-impact exploration programme as it begins drilling Barryroe

Mon, 21 Nov 2011 07:36:00 +0000

Providence Resources said it has begun drilling on the Barryroe licence in Ireland’s Celtic Sea – its first hole in a two-year exploration programme.

Providence Resources and Lansdowne take delivery of Barryroe rig; drilling begins in two weeks

Mon, 07 Nov 2011 07:18:00 +0000

Providence Resources took delivery of the GSF Arctic III semi-submersible rig on Saturday. It will be used to carry out the appraisal programme on the Barryroe field, in the Celtic Sea off the coast of southern Ireland, with drilling expected to get under way in the next two weeks.