Providence Resources - Email to Providence - Just sent this email to...

Just sent this email to Providence. Lets see what we are told.

Good Morning to you.

We spoke before Christmas regarding the state of affairs at Providence and I expressed my concern with the share price and the lack of news regarding Barryroe amongst other things. Was thus relieved to see Monday´s RNS regarding SP and Barryroe although like all shareholders do not really know what to read into the commercial deal agreement and pending the raising of finance by potential farm in partner.

Have a number of questions.

When was this commercial agreement reached i.e. was it just reached last week or was it reached some time ago. i.e. was an RNS issued immediately upon the commercial agreement which I imagine is a legal contract. ?
Will the Farm in Partner now begin to source the finance required i.e. was Farm in Partner waiting for this commercial agreement before going ahead with plans to raise finance. ?

We see that Mr o Reilly Senior has reduced his holdings to 9.49% of the Capital of the company. This announced via RNS. This announcement was made yesterday February 10th 2015. Last week we were informed that ACC now holds an equivalent amount of shares in the company.

Would thus like to know the following

Are the shares held now by ACC the same shares that we were informed about in yesterday´s RNS that Mr o Reilly Senior Sold ?

If they are the same shares then why were there two separate RNS announcements separated by various days. ?

The sale of such a massive amount of shares by the biggest shareholder in the company is of great concern to us the shareholders and not a minor matter as we can see reflected in this morning`s share price collapse.

Thanks you very much for your time

Bye
A worried Shareholder