Providence increases Celtic Sea stake

Irish exploration company Providence Resources plc has exercised its option to increase its equity interest in the Celtic Sea.

Providence increases Celtic Sea stake
Mon, 05 Jan, 2004 - 16:22

Irish exploration company Providence Resources plc has exercised its option to increase its equity interest in the Celtic Sea.

It will increase Licensing Option 03/1 to 75% from 50% after buying a stake from its partner Midmar Energy Ltd.

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CourtsBusinessHeathrowPlace: Celtic SeaPlace: Blackrock ProspectEvent: 2003 BlackrockOrganisation: ProvidenceOrganisation: Celtic SeaOrganisation: Providence Resources PlcOrganisation: Midmar Energy Ltd.
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