Hypnotoad: You really made me laugh with your post, especially the the last bit. As they say, its funny because its true.
He always calls Providence Provies would you believe. Makes us sound dangerous.
Bit of News from Malcy's Blog: Whilst I was away Providence announced that they were relinquishing 70% of their acreage on the Polaris prospect, Rathlin Basin, on licence P1885 offshore Northern Ireland. This may be a sensibly timed piece of portfolio re-balancing but it is Barryroe that the market really want to hear about. The market has gone very quiet on the Sequa front although a bond issue did, I understand, get off the ground. If the farm-out ever does happen then one hopes that not only is it financially rewarding but politically correct if that’s not asking too much. Provvies have a conference call arranged for next week so maybe all will be revealed then…
What keeps us all going is the chance that the seas around Ireland will be the next North Sea, but of course that may well be only a dream, but you never know. I am so used to bad news that I do not think I would be able to cope with some good news. News of a farmout might depress me!
When you log on to the site the symbol PRV is the biggest. That is nice to see.
As either way it is money flowing into Barryroe for drilling.
I think that you are right Spuddy, it may well be a move that Sequa will do, depending on the price that they would offer, but if the offer is accepted, then that should set a price for the farm in that they would do with Providence. If they do make a formal move for Lansdowne, then the Providence share price should move immediately.
Will be interesting to see the open of the Stock exchange tomorrow and to see if there will be some movement in this share. I feel there may be some little movement, but nothing really ontill we hear about a farmout to Sequa, and indeed if they are the interested party that we all believe that they are.