Providence set to focus on assets off west coast

IRISH exploration company Providence Resources is to largely focus on its assets off the west coast of Ireland in the coming year.

The Tony O’Reilly-backed company yesterday published an end-of-year trading statement outlining its achievements over the past 12 months and pointing to areas of focus next year.

In it, the company’s chief executive Tony O’Reilly Jnr referred to the Spanish Point and Burren oil/gas discoveries, off the south-west coast, as being of particular note during 2010.