Providence Resources (PVR) announced receipt of the outstanding £200,000 from SpotOn Energy and progress with the farm-out of Barryroe is back on. It’s not clear why PVR needs SpotOn as an intermediary, but the important point is can a deal with a well-financed, larger oil company be done. If so, it will be good news for 20% partners, Lansdowne Oil & Gas (LOGP) too.
In other Dublin oil and gas small cap news, Petrel Resources (PET) announced that it is raising £250,000 at 3.25p per share, with the main purpose of advancing its interests in Iraq, where it maintains strong relationships with government officials. I highlighted PET as a favourite several times last year around 1p and it’s now over 4.5p, having been as high as 26.5p.
In other Dublin oil and gas small cap news, Petrel Resources (PET) announced that it is raising £250,000 at 3.25p per share, with the main purpose of advancing its interests in Iraq, where it maintains strong relationships with government officials. I highlighted PET as a favourite several times last year around 1p and it’s now over 4.5p, having been as high as 26.5p.
Show Notes
Providence Resources (PVR) announced receipt of the outstanding £200,000 from SpotOn Energy and progress with the farm-out of Barryroe is back on. It’s not clear why PVR needs SpotOn as an intermediary, but the important point is can a deal with a well-financed, larger oil company be done. If so, it will be good news for 20% partners, Lansdowne Oil & Gas (LOGP) too.
In other Dublin oil and gas small cap news, Petrel Resources (PET) announced that it is raising £250,000 at 3.25p per share, with the main purpose of advancing its interests in Iraq, where it maintains strong relationships with government officials. I highlighted PET as a favourite several times last year around 1p and it’s now over 4.5p, having been as high as 26.5p.
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