O’Reilly invests €3m in Providence

TONY O’REILLY is investing €3 million in Providence Resources as part of the exploration firm’s flotation on London’s Alternative Investment Market (AIM).

Mr O’Reilly has been involved in the company for some time and the funds will be used for Providence’s drilling programmes in Ireland and abroad.

The company’s chairman Brian Hillery said the company “is in an exciting phase of its development.”