Providence Resources - AGM - Was not at meeting but...

Was not at meeting but other family members were.

After speaking to most of Board the news appears as follows:

1: Barryroe FO still hoped for with drilling next Year. Super Majors Looking at North Celtic Sea and Providence reexamining Its approach to the basin. Barryroe considerably bigger than initially believed.
2: Another FO of Druid / Drombeg very possible before Spud date. This to give us a free carry on drill for approx: 30% of The prospect.
3: Icemax very efficient. Calculated all in Cost to Providence 18m dollars before Another FO. Board very happy Cairn onboard.
4: Spud date late June. No flaring to be carrried out. Drill and once Oil discovered or not announcement to be made i.e. for Druid and thereafter for Drombeg. Total drill 45 to 60 days. Thus May Have news late July early August on Druid first.
5: Dunquin North. Contains more oil Than originally thought.
6: Dunquin South 3 d seismic to be carried out shortly.
7: Ávalon larger Than Drombeg. Another Company doing seismic survey on Ávalon. Providence do not Know why.
8: Very Big interest in Atlantic margin. Expect Majors to start drilling 2018.
9: Newgrange to be drilled possibly 2018:
10: Barryroe still considered very important and very large.
11: Company cannot comment on bloggers remarks but Comments relating to structural issues with Barryroe untrue. No compartmentalization.