Mostly the shares the referred to were things like that.
More substantive stuff around bank shared, harping on about the provisions for bad debt and losses being way too low and that this would come back with a vengeance to bite (which it did). And also some decent analysis on wrong-steps taken by Ryanair (not fatal, obviously, but made a couple of quite bad moves during previous oil-price spikes).
The exploration stuff (mining, oil and gas, etc.,) however was very much in the penny stock vein. As you say, makes for better copy when people feel they’re being let in on something.
I still maintain this article is suspect and dodgy in some way with a one liner ‘pretend balance’ containing that 1 in 32 number at the end. Problem is I don’t know the precise instigator. Providence share price dodged a bullet (falling below 400) for today at any rate, The same share price was 550 or so in mid July.
My best guess is that the O Reillys are trying to stabilise this roughly in the high 300s and ensuring the times prints some BS or other is a help. Jolly decent of the Times anyway.
I said last week the next ‘ramp’ would start at around 300 but the O Reillys seem to averse to 300 levels. and hence this thing in the Times today.
Nobody is sitting on an Ekofisk they are keeping quiet about, that’s for sure.
No one wants to get involved in Irelands Oil n Gas because of our shamish approach… not because of the resources.
Most companies either want to deal with professionals or complete crooks… both are consistent. The prob in Ireland is we have a hybrid… n you’d have to feather nests while still jumping through a few loops.
That’s a ridiculous generalisation. They aren’t very similar. Your map shows the age of rocks, not the type of rocks. And it is completely inaccurate - significant coal measures in Munster and precambrian all over the in the NE. And in relation to hydrocarbons, the rift basins aside, Ireland is devoid of virtually any mesozoic or later, if it ever existed it was long stripped away.
I provided a map to give an overview of the similarities. The details are in the link provided. The type of rock at the surface of the landmass of Ireland tells us very little about the layers of rock at various depths throughout the Exclusive Economic Zone.
Don’t know what thread to continue this conversation in, but you’re bluffing on this one Coles. You provided a 2d map of the surface geology of dry land to show the geology of Britain and Ireland is similar. Even at that level it is incorrect because the map is inaccurate.
Accepting that this map is at best irrelevant, you’ve provided nothing to back up your claim that the deep geology of Ireland EEZ is similar to Britains EEZ. It is a daft claim to make in response to someone pointing out that UK geology in gas bearing areas is very different to the Geology of the Irish coast. In reality the only relevance for hydrocarbons lies in the general similarities in the basins off the west coast of Ireland and Scotland, and they’ve managed to get bugger all out of them either.
Buffalo soldier is right. In relation to the coal, the deposits are located in the westphalian age rocks which aee limited to a few areas in Ireland. Additional the coal seams are cms thick, the uk deposits are metres thick. Ive been in both and there is a world of difference. Some namurian rocks have mm thickness.
Additional coal is the major source rock for gas in the north sea and irish sea.
Organic shales are more important for oil.
Hopefully there is loads of gas fields near the corrib field and in the rockall basin but it gets very theoretical when you drill down into the numbers.
It is a pretty bad map. On a point of pedantry though, the Dalradian rocks of the northwest are regarded as Precambrian (their age was fairly hard to pin down because of metamorphism) and Mesozoic rocks still exist under (and can be seen at the margins of) the Antrim basalt.
It would be nice to have access to an offshore geology GIS where you could remove some of the irrelevant stratigraphy.
You’re the chap who claimed that Ireland has no Mesozoic! And when I provided a link to show that the exploration of the EEZ was finding similar geology to the British EEZ you completely ignored it. I proved a summary map of European Geology to show the similarities between Ireland and Britain relative to the rest of Europe and you rubbished it while failing to notice the link to the detailed map of European geology. This isn’t a mickey swinging contest. It’s a discussion, an exchange of opinion, and I think the thread would benefit it you would engage with it on that level.