Providence Resources upbeat on Barryroe despite snub

Providence Resources boss Tony O’Reilly Jr has said landing a development partner for the company’s headline asset — the Barryroe oil and gas field off the Cork coast — remains the top priority despite a potential deal collapsing in the last few months.

“It remains our top priority to get a deal done as soon as possible, we’re still very hopeful and we’re very optimistic we can conclude a deal. It is our major focus”, Mr O’Reilly told shareholders at the Irish exploration firm’s AGM in Dublin.

He said the company would be working hard over “the next few months” to progress a deal, saying discussions are “ongoing with other interested parties”.