Providence Resources - Re: PVR Stream Log - A year ago there was...

A year ago there was nearly a one billion pound deal done. I would think that the deal will have reduced a good bit from that value. But not in terms of percentage of the deal remaining but in the value the oil to come up reducing and therefore the perceived value of the deal. I think the cash element will still be quite high. A lot higher than you think as either they will have to be paid enough to pay for their share of the barryroe development or carried by the partner for it and also receive enough cash to fund SP and repay the loan and function into the future. I don't see the point of doing a deal if that wasn't achieved. So I think Loan and spanish point 65m plus running costs into the future and other plans another 20. So I think Tony will have been looking for a good bit of money upfront and a carry on all future costs in Barryroe