Providence Resources Forum

Here is our problem " The current management team in Tellus will continue to run the company and the organisation will be further developed to manage the portfolio" Baby and co . won't go so nobody is interested

rumbling of jnr taking pvr private..if thia is true qhat does it mean for p.is

Who is Sequa & its backers , I wonder does Jnr. talk to his step mom with all that Greek Money on the move anything is possible . Also i don't believe Old Red is in his sickbed , more like hatching a grab back for his brood and keeping baby in the dark also..... Conspiracy keeps me in !!!!

with you on that Shadow only 30k trades granted all sells, but no big movement and from the email spuddy got its business as usual. no body knows how much money Sequa have this may be part of the plan they wont just have PVR on the list of things they are after but who knows

Inst. know something ?? No body jumping ship now ........

So it is all Very confusing. No RNS to say commercial agreement Off. In fact Nothing has changed regarding Barryroe FO according to email reply. Maybe the counterparty is not Sequa. Who knows ?. All Very strange. Irrespective we need a Deal. Company is producing nothing and spending money as we all Know.

Sent this email to company and got this response

Hello there

Sequa Have announced this Morning That they Have made a major purchase circa 600m US dollars in Norweigan Continental Shelf. If this is so and if Sequa was the counterparty to the commercial agreement announced in February it Would appear that they are spending their recently raised funds on a project other Than Barryroe. Can We expect An announcement on the matter from Providence.

Thank you for your e mail.

On 27 May 2015 we issued an RNS updating the market on the business of the company, including the status of the Barryroe farm-out. This position has not changed.

At the AGM next week, an update on the company's portfolio will be given.

As to any statement prior to the AGM, in accordance with our Stock Exchange obligations, we will update the market when it is appropriate to do so.

TORs comments on how PVR can go on without a deal on Broe says it all really ..but like he said in 2014 a deal is imminent he wasnt lying.. a deal was done with Sequa a contract drawn up which is now in the bin.. he is dangling carrots ..was Sequa ever really interested or did he just need a good story to raise funds..i

in one way its a good thing, they seem to have been the least favourable choice long term its a good thing as long as we can get somebugger to farm in that is

raising financing didn't seem to be an issue for that purchase