Can't see TOR being able to survive what would be a massive dilution at current prices. For your own sake Tony, please find alternative funds.
Lads, check out Aardvark's link, don't think I've ever posted anything negative before, WILL NOT BE HAPPY IF THIS HAPPENS !!!
@ BabyJ, what would happen the share price, if there was even a sniff of a takeover? I don't think the market cap would remain at it's current value for long.
Good morning Spuddy/Shadow. Had a quick look at that. Think cash wise, Providence will get the spread costs for the downtime. Without knowing the cost structure of a drill, can't estimate how much that is.
Think it's going to be quiet until we get news on whether our suspect Sequa manages to free up or raise funds to proceed. As you say, they have a number of alternative sources. See Sobeit worried TOR Snr sold his shares. Think that's highly unlikely and that ACC took them as collateral for unpaid loan. Thought I saw that JP Morgan in addition to their other holding, now had 8.81%. If so expect RNS to say TOR Snr has only about 1% left. As stated all repossessed NOT sold.
With the exception of Corsoloran, see it's the usual suspects here, just waiting for Godot
Spuddy, there are probably operational time constraints for drilling this year, so time pressure on that front. I would love to think PVR took a substantial deposit once talks went exclusive or that there is a penalty for non-completion, but until we see the terms of the deal, it's all speculation. What was dsiad that was interesting in a response you got from PVR, is that the farminee had a number of projects on the go and could decide to forego other projects and focus on Barryroe (or not). My advice is "watch this space" 
Shadow, let us know how you get on. Alpha, nice to see some positivity around here