Providence Resources - Oil coup - Think price of Oil is...

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12:52 16/12/2014

Makes the Sully100 conspiracy look tame by comparison

12:43 16/12/2014

Think price of Oil is going to be manipulated lower. Providence will find it hard to get a decent deal done in this environment. Better for them to cut costs, stop paying salaries to BOD and wait it out until 2016 when storm has passed and Oil prices rebound. Will need another loan to cover monies spent from present loan facility. 10m should be enough. The present Oil war could upset certain countries and trouble may flare in Persian Gulf

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