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well some one is buying 200k clips
Day nearer Tick Tock!
https://youtu.be/oxiNuEo1aUk
Initial opening of presentation is centred around Barryroe however at 11mins 40secs TOR shows the level of details gone into the FOA with talks beginning in 2017.
Doesn’t strike me as a party that are going to walk now given the time spent as some fools on another bulletin board would have you believe.
post from pvr bb
Callasjunkie,
You have not taken into consideration the costs Providence has already paid towards the survey/drilling costs.
Those will come back to it out of the $24m when/if it gets paid. And given that their new administration costs will reduce to about $1.6m a year after they get rid of O'Sullivan et al. they will have enough to carry them through for perhaps three years without any further funding as APEC and COSL will carry all of the costs of Barryroe if they stump up.
Also, remember Providence has spent about $200m over the last number of years in exploration. Under the Irish tax system, all exploration costs can be claimed back against revenues from Barryroe if they ever get any oil out of it or elsewhere for that mattter.
tidd
As at close of business on August 12, 2019, no funds had been received in the Company’s account but the Company has received further assurances that the US$ 9 million loan advances due under the Updated FOA are in the process of being paid. Accordingly, the Barryroe Partners have agreed to a backstop extension of on or before August 19, 2019
Interesting that it looks like Apec may have taken their $1million costs out.
Oiler actually doctors the RNSs as I’ve pointed out before or omits certain parts before posting.
What does that tell you..
Someone took advantage of the shake https://invst.ly/bq8qb
Oiler just remember it can land at any time of the day, worst case scenario Chinese don't pay, logp raises and then sells the asset as drill ready. I think the Chinese have put in a lot of work here weeks and weeks of planning lets see what happens. In the meantime go and troll another bb pretty obvious why you are here.
Extension of Backstop Date
As at close of business on August 12, 2019, no funds had been received in EXOLA's account but EXOLA has received further assurances that the US$10 million loan advances due under the Updated FOA are in the process of being paid. Accordingly, the Barryroe Partners have agreed to a backstop extension of on or before August 19, 2019.
Update on Site Survey
On August 9, 2019, the Barryroe Partners confirmed that they have received permission from the Minister of State at the Department of Communications, Climate Action and Environment to undertake a seabed debris clearance, environmental baseline and habitat assessment site survey (the "site survey") over the area of the Barryroe field within SEL 1/11. The nominated vessel is currently finishing up current activities in the North Sea prior to the planned mobilization to Barryroe. Pursuant to the terms of the Updated Farm-out Agreement with APEC (as amended), and subject to the receipt of funding from APEC or alternative financing arrangements being put in place, the site survey is expected to commence later this month.
nice shake mms
The fact they say site survey will go ahead, mention alternative funding if 10m does not materialise indicates a possible back up plan......but more than anything can’t believe they’re be extending back stop again if weren’t confident.....as they’ll look pretty stupid if doesn’t materialise.....
HOPEFULLY ......
Another extension tmrw unless news drops, but we should be getting news soon now its been a while and also permit has been authorised, I get the feeling the Chinese have purposely held back on some info so if the permit didn't come through the bank wouldn't able to send the money through, guessing it will now get sorted by end of week,
worth a listen https://www.youtube.com/watch?v=oxiNuEo1aUk
Yeah...I clocked them as well. Somebody is feeling pretty confident. Wonder why? Hope this efging dags is going to play out to a successful outcome.
Couple of nice buys
Extension of Backstop Date
As at close of business on August 2, 2019, no funds had been received in the Company's account as the payment date is still pending due to final processing by HSBC. Accordingly, to facilitate this, the Barryroe Partners have agreed to a further backstop extension of on or before August 12, 2019.
Last time it was extended they announced the morning after last day so likely to be the morning if extension. I feel the funds were always gonna be an intraday announcement so plenty of time yet
PVR's RNS did state that the extension expires today.
RB.... because last monday was a bank holiday in Ireland the RNS would not issue until tomorrow am ... of course we may get a surprise to say funds are in place....
Intra day RNS?? Another push back? It's double or quits here this week.
Nothing so far
well the bod must be in touch with the Chinese they must know if its on its way or not.
Yes Rock although update could be expected on Tuesday.
Hopefully tomorrow ...the funds will arise and 3p plus....