Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/providence-is-growing-a-unique-portfolio-of-assets.shtmlProvidence is growing a unique portfolio of assets in the Irish offshore
Providence Resources provides a trading update on activities for 2015. Tony O'Reilly, Chief Executive of Providence said,'Despite the
Edit page New page Hide edit links
Providence Resources provides a trading update on activities for 2015.
Tony O'Reilly, Chief Executive of Providence said,'Despite the continued fall in commodity prices, we have seen a marked increase in interest in our portfolio and work continues with a number of parties to progress the Barryroe farm out to a satisfactory conclusion.
The drop in costs, most notably drilling costs, which are now at a 7 year low, is helping to drive this activity. We are encouraged by ongoing discussions and hope to be in a position to update further in the new year.
