Providence Resources - Re: PVR Stream Log - And a bit more news...

And a bit more news to keep the show on the road. Stolen from Malcy's Blog: Providence Resources A trading statement from Providence this morning and given what’s been going on in the last couple of years it’s pretty upbeat. Barryroe is still awaiting farm-out but ever was thus, apparently it might be ‘in the new year’ but don’t stand on one leg waiting for it to happen. In recent months the company, for a number of reasons, has increased its participation in a number of offshore licences and formed a strategic alliance with Schlumberger as well as participating in the Atlantic Margin licencing round. There is also substantial farm-out activity with Spanish Point, Hook Head and the Atlantic Margin assets all having data rooms open. A bit like Europa there is much going on but in some cases various pieces of the jigsaw have to slot into place before it’s your turn, the announcement of the winners in phase one of the licencing process is a case in point. Finally the company has secured an extension to its loan agreement with Melody Finance through to May 2018 if required which should take the heat off things somewhat. Given the traumas of recent years things do look to be steadying up a bit at Provvies and whilst much is dependent on appetite from the big boys around the Emerald Isle you can’t write it off yet…