Providence Resources - Melody - Jimmy forgot to talk about...

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10:29 18/12/2015

Jimmy forgot to talk about the very very good News of the extensión of debt repayment. This Is very important and Will Take the pressure off the Company and put it in a better negotiating position. Jimmy also forgot to talk about gas at Barryroe and the high possibility of using Kinsale to bring it onshore. Forgot to talk about lower production and drilling costs. Forgot to talk about natural decline Rates in conventional and non conventional Oil. Forgot to talk about geopolitical risk. Forgot to talk about the return of risk to credit markets with start of interest rate rises. Forgot to talk about need to replace coal with natural gas as a result of climate agreement in Paris. Forgot to talk about Providence's low tax Licence portfolio. Forgot to talk about increase World demand puro 2040. Forgot to talk about futures market which allows one to make Barryroe Work from a financial aspect. Jimmy is very onesided. The only good thing he had to say was about dalkey which he rated as a One in ten chance and which we all Know Will likely not happen. So this was not a positive comment either

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