Providence Resources Forum

The obligation to keep us informed is a legal one. So afraid they cant shirk that just because shares are suspended. Tho they might do it in a sly manner such as they did with the court case. Ie one line on their website somewhere.

I guess we don;t really know if Melody called the loan or not, as I don;t think there is any obligation to keep us informed while shares are suspended. Sounds to me it's going to be another couple of week till we hear anything - good or bad!

I think the situation is that a funding deal is being worked on for Barryroe, and if this does not work out, then Lansdowne will have to do a rights issue. They are putting that in place now, as there will not be time to do so, if the funding deal falls through. Needless to say the funding deal must be for Barryroe, and hopefully that funding deal has something to do with the one hundred million euro mentioned yesterday by the Sunday Business Post. We will find out soon enough, but everyone in both Providence and lansdowne will be hoping that the funding deal can be put in place, otherwise it will be a share issue for both companies.

Would be ideal for logp to sell the stake with the money they get from market, they are just squeezing pennies from shareholders. From PVR front takeover is ideal if our master has same ideas of dilution, they had enough time.

...high API, because Libyan crudes have a high wax content. They may have done so in a blend.

Long speculation that Whitegate would process Broe crude. The crude is waxy. I have never seen a statement from Whitegate that the crude is suitable, despite the refinery having a very competent lab that could do a detailed assay. As far as I know, the refinery never processed Libyan crude, despite its hih

think i need to print it off and hang it over my computer. in case i am ever tempted to invest again.

wow that rns is a sobering read no doubt. especially when it lists the rights of the deferred shares...

Its my view if there is no interest in barryroe lansdowne wpuld have winded the decks now itself, whitegate refinery is crucial for farmout. The trigger to choose different option would be weekend one independent pulled out supporting the govt so this might cause delays in concluding transactions.

crikey would they just tell us already. i can't stand it any longer. is dilution better than extinction? or are they effectively the same thing? in this market who in their right mind is going to buy shares in an E&P company with a history of failure regardless of the price. please tell me he isn't such a fool.