‘The only lie detector in exploration is a drill hole’

The mood music around Irish offshore exploration is as positive as it has been since the early 1980s writes Kyran Fitzgerald, but John Teeling, of Petrel Resources, says it is ‘too early to be counting eggs’

THE positive news flow out of Tony O’Reilly’s Providence Resources appears to be boosting smaller satellites.

It is also re-igniting an old debate over whether the terms on offer to overseas investors are simply too generous and are in need of restructuring.