Providence Resources - Negative Comments - A deal over Barryroe is...

A deal over Barryroe is obviously what is needed. What the future oil market will be like is any one´s guess. However given the mess in the middle east, capital restrictions due to prior bad and costly Oil Project Investments in general and uncertainty over interest rates going forward it is not possible to really say that the Sector will see a downturn in the future. The Iranian situation is uncertain. A nuclear deal may or may not be agreed. Even if one is agreed it may not work. The tension in the Persian Gulf is also an important factor. Given all this surely Ireland has to be a good place to do business. It is also obvious that the larger Shareholders in Providence who are very likely to have more of an insite into what is happening are supporting the BOD. We all have seen our investments decimated but it is still a paper loss. Believe we will still see a turn around in our fortunes