Providence Resources - Barryroe farm Out - Its all down to Barryroe...

Its all down to Barryroe farm out now. As we have heard nothing more from Providence i.e. no new RNS we can only assume that the deal is still on track. TOR said or was quoted as saying in the interview with Proactive Investor the following:
He says Providence can now focus on delivering its stated objectives - starting with the Barryroe farm-out.

A deal was signed with an unnamed company for a farm-out deal earlier in February, though the closing of the transaction is subject to the incoming partner successfully arranging finance.

O’Reilly hopes it will be a matter of weeks, or a month, until Providence can open up to the market about the deal.

“We’ve been as transparent as we can,” he said. “The farm-out is subject to the [partner] company closing their financial restructuring, which they are working on.”

“We remain confident that people still see Barryroe as a world class asset even though the headwinds of capex curtailment in the market and lower oil prices have obviously delayed the process.

“But we do have a signed deal, and we still have interest from others.”