Providence Resources Forum

Great to hear parties are back interested in Barryroe. Could it be that these same parties that left the data room before were so drunk that they came back not realising that they had actually visited before. This is beyond a joke, lets get some money on the table.

a few hundred thousand is still small money..nothing to get excited about

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Per SHare. Sequa Would not Have to initially invest such large sums in Barryroe. Given that oil rig rates are down It Would make sense to do these appraisal drills and wait for upswing in Market. Believe everybody Would be happy. If not They Will Have to put up the required Finance

Do not believe any investor Will object if we Get 80m to drill Barryroe and Spanish Point for 25.6 % of company. That Would be 1.40

Landsdowne are up for sale as we all know. Think their owners Would prefer to stay involved with Barryroe etc rather Than sell Out for peanuts. Providence taking over Landsdowne Would make sense and make it easier for Barryroe deal. It Would leave Providence controling Celtic sea. Sequa could then invest the modest sum and not only take advantage of Barryroe but also Spanish point. I Believe that Sequa might be more Interested in preparing Providence for upswing 2017/18/19 rather Than developing Barryroe initially. An appraisal drill on Barryroe and Spanish point, plus advances on Atlantic licences plus Landsdowne Amergin Licence Would make Providence attractive for a takeover when supply becomes a problem in 2018/19. Also found it strange that Landsdowne did not participate in the Deal between Petronas and a Providence recently for East Barryroe. Believe Providence Will takeover Landsdowne.

Hi Spuddy, why do you think sequa will look at barryroe, and merger also with Lansdowne is also not quite easy definitely PVR shareholders will raise objections, Lansdowne doesn't have much assets. Is there any smoke in any of these what made u to comment like this

With 75 million shares that can be issued surely if Would be a good move to take over Landsdowne (Share swap) and issue the remaining 55m to Sequa for example for lets say 80m euros. This Money could be used for Barryroe and Spanish Point drills. Sequa Would Have approx. 26 % of Providence. A good result On Barryroe and or Spanish point Would leave Providence in a very strong position hearing into 2017/18 given That Oil prices Will fall as supply drops. Thereafter a very likely take over target. Providence thereafter could choose to sell individual assets, be taken over, oil for Farm outs or finance to develop oil fields

Article in independent is same old story from TOR he is keep changing goal posts, would be quite interesting to see year end statements with more biscuits. Unless existing capital is protected company will evapororise into thin air, each of his visit to other places will easily cost to company 5000 pounds at our expenses when all of us bleeding. Will he ever keep his words... all of us need to demand their pay cuts by 70% and preserve capital for 2 more years