Sent this email to company and got this response
Hello there
Sequa Have announced this Morning That they Have made a major purchase circa 600m US dollars in Norweigan Continental Shelf. If this is so and if Sequa was the counterparty to the commercial agreement announced in February it Would appear that they are spending their recently raised funds on a project other Than Barryroe. Can We expect An announcement on the matter from Providence.
Thank you for your e mail.
On 27 May 2015 we issued an RNS updating the market on the business of the company, including the status of the Barryroe farm-out. This position has not changed.
At the AGM next week, an update on the company's portfolio will be given.
As to any statement prior to the AGM, in accordance with our Stock Exchange obligations, we will update the market when it is appropriate to do so.
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