Providence Resources Forum

there will be no movement until all the big boys have bought their shares cheaply see what happens when this is done english bank has increased its shareholding to 3% watch this space.

Would say Sequa Will buy Landsdowne and this is what is holding the show up

any day now!

Does anyone know how Sequa's egm went

Malcy's Blog has this to say today about the farmout The farm-out of Barryroe has been beset by many problems over recent years and whilst the field is clearly substantial it has not attracted the field of participants that the company or its shareholders had hoped for. The most recent approach was announced by the company but it was unable to identify who it was as the buyer had not yet raised the necessary funds with which to pay. An eagle-eyed reader of the blog, along with my own diligence, is trying to put the pieces of the jig-saw together and have come up with Sequa Petroleum or Sapinda as I thought it was. Sequa, a subsidiary of Sapinda, announced yesterday that it was raising money and should it do so we may find out if it really is the farminee to Barryroe. A bit convoluted but lets wait and see!

Is there any real evidence to suggest that this bond is for a buy-in to Barryroe bar the registration of a company name in Ireland by Sequa which costs about 50euro??

i think the management will have to drop around to every shareholders house with a signed copy of the deal and the finance they have received in cash in a briefcase before shareholders will ponder starting to contemplate that perhaps a potential deal may be in some way likely

think it was always advertised as convertible. could be zero coupon.

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A big jump in the price of crude. [link]