Providence farm-in deal for Barryroe not to be completed until New Year

A Providence Resources farm-in deal will not be completed until the New Year, despite rampant speculation by the market that an agreement would be reached before the end of this year.

The CEO of Providence Resources Tony O’Reilly Jr said the deal, which, will see a major partner come in and develop the Barryroe oil find into a functioning oil well, is on track.

“We are kind of on track of where we want to be in terms of a timing point of view . . . but you know it’ll be done when the deal gets done and we want to do the right deal for our shareholders,” he said.