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Exola is owed by Providence and Kinsale Energy has passed 60% to Exola in return for a drill within three years. So nobody is selling anything to themselves. This means that if Barryroe extends into this zone Exola (i.e. Providence) will be taking advantage. The interesting part is that Landsdowne has nothing to do with Exola. This means that presently anything discovered or extracted from this zone would not be of benefit to Landsdowne. For Landsdowne not to participate leads to the possibility that Exola or Providence may buy Landsdowne.Thereafter Exola could be partly or totally sold or perhaps the likes of Sequa could take an equity position in Exola or Providence.
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