Providence Resources - Re: PVR Stream Log - Malcy's Blog has this to...

Malcy's Blog has this to say today about the farmout The farm-out of Barryroe has been beset by many problems over recent years and whilst the field is clearly substantial it has not attracted the field of participants that the company or its shareholders had hoped for. The most recent approach was announced by the company but it was unable to identify who it was as the buyer had not yet raised the necessary funds with which to pay. An eagle-eyed reader of the blog, along with my own diligence, is trying to put the pieces of the jig-saw together and have come up with Sequa Petroleum or Sapinda as I thought it was. Sequa, a subsidiary of Sapinda, announced yesterday that it was raising money and should it do so we may find out if it really is the farminee to Barryroe. A bit convoluted but lets wait and see!