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Posts Categorized: Oil
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Providence Resources update – 2019 the value realisation year
We have not posted on Providence Resources for some months as we have been waiting on the Barryroe drill program to commence in 2019. The announcement of the delay to drilling at this field now into Q3 2019 (from Q1) is disappointing but shareholders should not take their eye of the prize that after many, […]
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Providence Resources – countdown to the major drill campaign in offshore Ireland begins. BUY
By Richard Jennings News released on Thursday last week detailing the final terms of the farm in with the Chinese consortia APEC Energy & the consequent drill program at Barryroe was, as is ever the case with PVR, met with a seemingly muted response by the market. On Friday however it looked as if the […]
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Mayan Energy – validation of work-overs at Texan assets. Reiteration of our 2.1p price target.
The latest operations update from Mayan Energy this morning made for good reading for the company’s shareholders and clearly demonstrates that the creation of a highly cash generative US onshore focused oil and gas company is now well underway. Albeit circa 3 months behind schedule due to Railroad Commission permitting and weather delays at the […]
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Providence Resources Barryroe farm in – what’s not to like?
As many of our followers will be aware, we have not been shy in coming forth with our criticism of the Board of PVR in recent years, in particular re ToR Jnr and his seeming misalignment with his shareholders. In life it does pay to be pragmatic however and it is also appropriate to give […]
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Zenith Energy blog comment – Reiteration of Buy stance
Zenith Energy RNS this morning, whilst pushing back the workover completion date on the Zardab Z21 & Z28 fields makes clear that the company is poised for operational transformation with a clear initial target of producing 1,000 bopd by the end of this year against the current 350 bopd. The company is in an enviable […]