As Brexit looms large for Ireland, I am sure that every cabinet minister in Ireland is acutely aware of Providence Resources as a major new tax stream if things work out in Druid
I think there are about 660 million shares in issue, with a market cap of about £86 million pounds at the moment.
An Article from the Irish Examiner newspaper talking about the Irish Offshore including mentions of Providence:[link]
I was watching Meet the Press on Sunday, and one of the panel was mentioning that they were at a gala dinner, and on a nearby table were three Wall Street people. They were toasting the election of Trump and more importantly from our point of view were talking about buying oil futures, now that Rex Tillerson was going to be Secretary of State.
These lines in the Davy update are very good news really: e. In this context, we think Providence will at the very least deepen the Druid well to pursue the underlying Drombeg feature. However, the contract also allows for a second well slot
The back round music is improving with the Non Opec deal and Rex Tillerson being named as a possible Foreign Secretary.