New Providence chief confident about securing 'attractive partner' for Barryroe oil well

The new boss at Providence Resources, Alan Linn, said he’s confident in the potential of the Barryroe well off the Cork coast, as he seeks to secure an “attractive partner,” despite the huge setbacks faced by the oil company last year.

Mr Linn replaced Tony O’Reilly Jnr as chief executive and the Providence board was restructured after the company was rocked by its failure to secure a pledged €8m from APEC Energy, a Chinese group, last year.