Providence Resources Forum

Hi and I actually brought the magazine so cannot paste the article, but it is short enough really. Just goes through the history of the drill a bit, and I will quote the parts relevant to Pageant: Swashbuckling investor NIck Furlong's Pageant Holdings had a very busy day increasing its shareholding in the Tony O' Reilly Jnr fronted Providence from 8.25% to 9.7%. (It goes on the talk about how the shares lost 29% of their value that day after the result of the drill). Meanwhile the bould Furlong and Pageant Holdings were hard at work buying in London and Dublin. Providence announced on Tuesday morning that Pageant now holds some 9.7% or nearly 58 million shares in the company, which means that Furlong snapped up an additional 8.7 million shares. Does Furlong know something we don't?

Hello Phonner, can you paste the content of Phoenix please

Just a little piece in the Irish Phoenix magazine about Providence, mainly about Nick Furlong's Pageant Holdings increasing their shareholding. Furlong and Pageant Holdings were hard at work buying in London and Dublin snapping up additional 8.7 million shares. Does Furlong know something we don't?

Before BREXIT it should be TREXIT

They collected funds for Druid / Drombeg drill now would they able to accomodate for Barryroe drill. Muppets

I could see on this bb if all come together there will be 15-20 million shares, with Richie or Pagent can push for TOR EXIT

Hello Spuddy, its difficult to get proper answers from TOR its very high time he need to hang his boots and leave us. How come none of the institutional investors are pinning him down, TOR vanishing millions in thin air, he is born rich and we were left with him. Some serious reorganisation need to happen

What the ---- Are Providence doing with their cash. As of June 30 Providence Have 36 millon euros. This includes approximately 15 m euros ( 16 m dollars from Total and 2 m dollars back payment from Cairn). So that means that Providence had only 21m euros remaining out of Placement funds. Where is the money gone. They should Have had circa 30m Euros. So on June 30 If We add the money due from Total following P and A Providence Have approx 42m dollars. Providence Have to Pay the Total share of the Druid/Drombeg fiasco. Now at approx 80 days. Lets put a Conservative 600000 All in cost for rig and support vessels This gives a total cost of 48 m dollars of which approx 18 m dollars covered By Cairn. Thus providence/Sosina to Pay 24 and 6 m dollars. Leaves providence with 18m dollars. Cant drill Barryroe with that !!

Someone whom i know have emailed company about funds by end of june 2017, total has paid circa20 million in june which is part of cash balance. Need to pin down TOR to get complete details else you will be left in air similar to transocean fiasco.

Hello Anovas, Management is talking for ages but no gain to shareholders, arent we bleeding with all the the lies. This company should be on market and take some decent before management milk us with leftovers. Tell me why there salaries are so high still, they arent eligible for any salary until they turn around havent they got lucrative options?