Providence Resources - Good News or Hot Air: - AT least we have something...

AT least we have something to talk about today which is good news in itself. Does anybody believe that Providence would have mentioned GAS OPL1 and PETRONAS if something were not afoot. PETRONAS would not like being mentioned in an official RNS by Providence unless the talks are serious. Kinsale Energy (PETRONAS) is obviously looking for gas or if anybody believes they were messing around in midleton let them speak up. They have the infrastructure and need a new supply of gas. Barryroe/OPL1 is where there is known gas at present. So if a deal can be concluded we could see a drill this year. Lets say they go 50/50 or even 60 /40 i.e. Providence passes 60% of gas to Kinsale Energy for a free carry this would provide Providence with a very much needed revenue stream and remove many worries. Would also provide Providence with a stepping stone for Barryroe development and the possibility to drill SP with Cairn. So the future could start looking rosier if a deal with PETRONAS can be concluded. Does anybody seriously believe that the major investors in Providence will allow the Board of the company to mess around now ? Does anybody seriously believe that seriously believe that BOD members can buys shares now when such talks are ongoing. Technical or commercial it makes no difference. If anybody has inside information of any sort an acts upon any such information (technical or commercial) this is illegal. So we will see in the coming months I believe. After having mentioned Kinsale energy or at least highlighting the Kinsale infrastructure owner in yesterday´s RNS do not believe we will be waiting around for a long time before we get a yes or a no on such a potential parthership