Providence Resources - Re: PVR Stream Log - One of the last things...

One of the last things that was mentioned before the share were suspended was that they were trying to put together a group of investors that would drill at Barryroe, so I would say that Barryroe is the most likely place that the new money will be used. The new investors must be fairly sure that they will be some return on their investment in the short term, as they would be fully aware of the history of Barryroe. As mentioned before perhaps some play with the natural gas. Whatever it is the case for investing must be good as one hundred million is a lot of money to be putting into a oil exploration company at this time. Also worth mentioning that when they said that they were trying to put a group of investors together to drill at Barryroe, they forgot to mention that the farmout terms would be eighty five percent of the entire company.