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Bit of News from Malcy's Blog: Whilst I was away Providence announced that they were relinquishing 70% of their acreage on the Polaris prospect, Rathlin Basin, on licence P1885 offshore Northern Ireland. This may be a sensibly timed piece of portfolio re-balancing but it is Barryroe that the market really want to hear about. The market has gone very quiet on the Sequa front although a bond issue did, I understand, get off the ground. If the farm-out ever does happen then one hopes that not only is it financially rewarding but politically correct if that’s not asking too much. Provvies have a conference call arranged for next week so maybe all will be revealed then…
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