Providence Resources - PVR Stream Log

doesn't that mean we have farmed out Offshore Petroleum Lease 1 (OPL 1) South Option, North Celtic Sea Basin

- Option with PSE Kinsale Energy for a right to earn a 60% working interest in southern portion of OPL 1 exercisable for a three year period - Option is earned through the 100% financing and drilling of an exploration well

eh?

Offered 1 for every 4.4 existing shares

red across board except for gold.. wonder will they pull the funding. i suppose there is still time.

So, the amount of open offer shares (at one per 4.4 of ordinary shares held) has magically appeared in my portfolio, but with now value attached. Im confused how this has happened and am worried that this is foreshadowing a 4.4:1 reverse split that has happened with some of my other holdings. I am a novice in this game, so forgive the ignorance.

I do not have access, but good to see that story today in the Times on a day that is dominated by the Bexit. Perhaps putting your money into basic resources stocks would be a good idea at this time.

Does anyone have access?

[link]

I feel the same way to be honest Desperate. The company has never being in a better position than it is now (at the expense of the existing shareholders). As I have said before, someday this share will come good, the question is, who will be holding the shares when that happens.