Providence Resources Forum

Meanwhile, struggling Irish oil junior Providence Resources is sounding out City investors for as much as $100 million with shares being offered at 11p each. They are currently suspended at 14p, but sources said the bookbuilding was struggling to meet its target.

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The funding agreement is the one hundred million euro mentioned in the Sunday Business Post. I think the Lansdowne statement confirms that Providence are engaged in a funding deal for barryroe, but just in case it does not happen it is as well to have the share issue in place. I suppose that also shows that they feel that even if the funding deal does not happen in the next couple of weeks, that is is worthwhile staying involved in Barryroe, as the funding deal will be done at some stage. At least we know that there is going to be some news either way in the next couple of weeks.

Are we all agreed that PVR will trade again and all is not lost?

Then they should have informed us as to Melody's position on loan!

seems like those 100mln just a speculation, kind of gossip- a way how tor trying to save his as

I wish! I could do with some to calm my nerves!

Sobeit, has pot been legalised?

So many promises and assurances which never turn to be true, if he try to dilute further would be wiser if he hangs off his boots and walk towards exit door. Lets wait until there is further information from them.

It is hard to see Providence doing a share issue to raise over one hundred million euro. The funding deal surely is a farmout of some sort, and most likely of Barryroe. Perhaps our old friends Sequa