Providence Resources shares rise on Barryroe funding optimism

Shares in Providence Resources have risen on the back of the oil and gas exploration company indicating that funds necessary to progress the development of its flagship Barryroe field, off the Cork coast, will be forthcoming.

The Tony O'Reilly Jr-headed company has three times extended a deadline for receipt of a promised $9m (€8m) loan advance from APEC Energy Enterprises, its new development partner at Barryroe.