Providence Resources - Hello Sharemate - No news from the Management...

No news from the Management I am hopeful that the Oil Markets will turn 2016/2017. However I am not happy with the communication style nor the decisions made by the management at Providence. We are kept entirely in the dark. It is like being on a plane with ever worsening turbulence and not a word from the captain. I believe that we the small shareholders are not being well treated. We have no idea what the plan is or what is happening. Surely the plan cannot just be based on the chance of a Barryroe farmout. I am not happy with the salaries at this company. They are totally unjustified and I do not know if it is legal to borrow money and pay such extravagant salaries out of these funds. This given the fact that the company generates no income. It is very frustrating to look at. I believe that the Management should be explaining exactly what is happening and not hide behind the veil of what they call ¨closed period¨. Is it normal that we have no idea what is happening (Good or Bad). We were told nothing about Transocean. The company would have been bankrupt if Providence had lost the case. Does this seem ethical !!!!!!. We really have no idea what the agreement with Schlumberger entails. What are Schlumberger getting and what are they giving. We have no idea as to what would be the terms of a potential agreement with Melody Financing should the loan be extended. So we really have no idea about anything. This is not satisfactory. However Providence has good Assets which if correctly managed should be very valuable. We shall see !!!