Providence Resources - Sailing sponsorship - Wrote An email to Providence...

Wrote An email to Providence expressing my profound disagreement of the use of company funds for the sponsorship of the Irish Sailing Team. Told them that it is Hard to believe or understand how such a thing could be done given the present state of the company and Its finances. Told then it Would be understandable if Providence were in a healthy position and producing Oil. Told them that it does not appear that we Have received any benefit from this sponsorship and that the Irish Sailing Team appear to have more fortune with Providence than the shareholders. Told them that it is hard to believe the Board is unaware of views such as mine which likely reflect the opinions of many shareholders. Told them that Providence will likely be back looking for funding unless Farmouts happen soon and that if belts are not tightened the shareholders will suffer more dillution or assets will have to be sold to meet obligations.

The Company Response: thank You for your email which will be forward to the Board