Providence Resources - Re: PVR Stream Log - [link] in an rns from...

[link] in an rns from sea energy today logp was mentioned along with barryroe. Legacy assets We are aware of the continued decline in the market value of our interest in Lansdowne Oil & Gas PLC based on its share price, despite its successful farm-out of the attractive Midleton acreage to Kinsale Energy Limited. We remain confident that Lansdowne will achieve a farm out of its Barryroe discovery, and believe that following this event, its share price should recover and there may be an opportunity to commence our exit from this investment. We note that if the Lansdowne share price remains below our carrying value we will be required to make an impairment provision to the asset value of Lansdowne in our balance sheet, with a negative effect on the reported results for SeaEnergy. Any impairment provision would reverse in the future, as and when the Lansdowne share price recovers and would be treated as a non-recurring item.