Providence Resources - We could say the exact opposite as well Jimmy - JUNE 2020 Future Oil Contract...

JUNE 2020 Future Oil Contract trading at 50.11$. Providence break even in low 20 $ now. All Production and drilling costs can be written off against revenue. Demand rising 1m YOY. Supply will fall below demand in 2017/18/19/20 given circa 400bn $ in cuts. Marginal cost of tight oil circa 20m barrels is 60-70$ a barrel. Drilling costs are on the floor now. Providence have the best tax rates available. The idea that nobody will farm into Barryroe on cost / benefit analysis is a supposition on your part. Future oil price is what counts as you can sell supply forward locking in benefits of for example an initial production of 30k barrels of oil. Melody Loan will be renegotiated as mentioned by company. Appears melody believes Providence is ok sound from a financing point of view or else somebody has underwritten the loan. In any case you nor I know what is going on. The difference being I have an interest in commenting on the share price and the company and you have no shares so I do not understand your interest in the company. As a matter of fact from the point of view that you have no shares in Providence it appears that you are just interested in presenting a negative picture of the company with everyone of your comments. I would like to see your comments on other companies. Do you spend all day commenting on companies in which you have no shares