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Book Value ps -23.7%

FINANCIAL BRIEF: For the six months ended 30 June 2012, Providence Resources P.l.c. revenues increased 35% to EUR7.7M. Net loss before extraordinary items increased from EUR11.2M to EUR33.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Impairment of Exploration Assets increase from EUR4.4M to EUR28.3M (expense). more »

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BROKER FORECASTS
31st Dec 2012
31st Dec 2013

Price Target: €14.8 (+145.51% above Price) Net Profit EPS DPS Net Profit EPS DPS
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Broker Recommendations for Providence Resources
Recommendation:Strong SellSellHoldBuyStrong Buy
No. of Analysts:

Named Brokers and Analysts
Jefferies & Company, Inc. Matthew Lambourne , FirstEnergy Capital Corp. , Numis Securities Sanjeev Bahl , Daniel Stewart Kate Fisher , Merrion Stockbrokers Muna Muleya , Liberum Capital Rob Mundy , TUDOR PICKERING & CO. SEC ,

Providence Resources P.l.c. (Providence) is an oil and gas exploration and production company. Its oil and gas portfolio includes interests in Ireland (offshore) and the United Kingdom (onshore and offshore). During the year ended December 31, 2011, the Company principally focused on hydrocarbon interests offshore Ireland in the Celtic Sea, Porcupine Basin, Irish Sea and on its producing interest in the onshore United Kingdom Singleton oil field. During 2011, it streamlined its operations by divesting its assets in the Gulf of Mexico as well as in Nigeria. In June 2011, it carried out a three dimensional (3D) seismic acquisition project at Barryroe covering some 240 square kilometers. Effective March 1, 2013, IGas Energy PLC acquired PR Singleton Ltd from the Company.

Directors: Anthony O'Reilly (CEO) 46, Simon Brett (CFO) , John O'Sullivan (Exec. Dir.) , Michael Graham (Secy.) ,

No. of Employees: 18 No. of Shareholders: n/a


Last Annual December 31st, 2011
Last Interim June 30th, 2012
Shares in Issue 64,357,930
Free Float 54.2m (84.3%)
Sector Energy
Industry Oil & Gas
Index FTSE Aim All Share, FTSE Aim 100,
Exchange London Stock Exchange (AIM)
Eligible for an ISA? a SIPP?

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