Providence Resources Forum

Hello there JB63

You could be right. What would the cash component be then (more or less)

Wonder if Sequa/Sapinda are going to Farm into Spanish point as well. Seems like both todays announcements are linked

Spuddy/JB63 you need to include how much is free carry to production.

Anoa Capital are the firm engaged to issue the bond for Sequa. According to their website they have raised substantial funds for Sequa so hopefully they will come through again

I would like to thank our issuer clients, investors, staff and commercial partners for what has been a truly exciting year and for allowing our brand equity grow steadily stronger. Against a backdrop of increasing regulatory restrictions on large banks and further pressure on their business model, Anoa Capital has deepened its franchise as a profoundly innovative and specialised firm focused on advising, structuring and placing illiquid securities for small/ midcap clients. We placed around €1bn in primary business in 2014 in 24 transactions across the entire spectrum of asset classes, which is more than the doubling of our business in 2013. Our fee earning corporate governance/advisory business based on 5 year contracts is also starting to build. If I had to highlight a few outstanding transactions in 2014 , it would be the Marché Libre listing of Sequa Petroleum N.V. for €700m and the €250 million Air Berlin bond as sole book runner.

Davy article values pvr at 592p or something like it. At a long term price of 70 or 80 dollars for a barrel of oil.

That should be 10m cash payment to Landsdowne

Next question to be asked is what will the terms be

I would say
32 percent Providence
8 percent landsdowne
60 percent Sequa

Cash payment 40m to Prov
cash Payment 30m to lands

Bye the way any idea what Davy´s article says

Hello there Phonner

What does Davy Article say. Can´t open link

from our poll of when will Barryroe farmout news be announced ARE Godot and Lastcall