Providence has ‘modest aspirations’ despite expecting further growth

PROVIDENCE Resources, the Dublin-based oil and gas exploration company headed by Tony O’Reilly Jnr, is well-positioned for further growth and expects its full-year results for 2005 — to be issued in March — to illustrate a positive trading performance in line with expectations.

Earlier this year, the company which is quoted on AIM and the Irish Enterprise Exchange (IEX) reported a year-on-year rise of 23% in turnover for the first half of the year.

Speaking to the Irish Examiner yesterday, Mr O'Reilly said the company's shareholders could look forward to an interesting year in 2006.