From Spreadbet....UPDATE 30 SEP 14 7:15AM - The following statement is all I needed to see from Tony O’Reilly - “Negotiations are now at an advanced stage and we are working hard to satisfactorily conclude this with the objective to return cash to the business and obtain capital funding, whilst also ensuring that Providence retains a material stake in Barryroe, with a clearly defined road map for the timely drilling (2015) and development of the field.†From the conference call - “We expect to conclude the deal in the VERY near future and and are at an ADVANCED stageâ€. Together with comments about drilling to commence on Spanish Point next year and conservative cash management, this is the next best thing bulls could hope for after the actual farm-in news.
I saw young TOR in the Titanic centre in Belfast yesterday looking fairly relaxed...I had hoped to see a few Exxon suits carrying bagfuls of cash into the building but alas...