Brief: Providence Resources Says As At 26 July No Funds Had Been Received On Barryroe Farm-Out Transaction

Barryroe Offshore Energy

29/07/2019 07:46

July 29 (Reuters) - Providence Resources PLC  PZQA.I :
    * AS AT CLOSE OF BUSINESS ON 26 JULY NO FUNDS HAD BEEN
RECEIVED IN
COMPANY'S ACCOUNT REGARDING BARRYROE FARM-OUT TRANSACTION
    * PROVIDED COPY OF DOCUMENTATION PROVIDED TO APEC'S FUNDERS
SHOWING $10 MILLION DEBITED FROM PAYEE'S ACCOUNT FOR PAYMENT
    * DOCUMENTATION CONFIRMS THAT PAYMENT DATE IS STILL PENDING
DUE TO
FINAL PROCESSING
    * TO FACILITATE FINAL PROCESSING OF PAYMENT BARRYROE
PARTNERS
AGREED TO BACKSTOP EXTENSION OF ON OR BEFORE AUG 2 2019

Source text for Eikon:  ID:nGNE8CgtvD 
Further company coverage:  PZQA.I 

 ((Reuters.Briefs@thomsonreuters.com;))