Providence Resources targets more licences off south coast

Irish oil and gas exploration company Providence Resources is looking to build up a new licence portfolio focused on assets off the south-east coast of Ireland.

Speaking at a remote egm – which saw shareholders formally approve the company’s raising of over €3m in emergency funding mainly from institutional investors – Providence’s chief executive Alan Linn said the company would be open to M&A and swap deal opportunities with regard to proven basins and previously drilled exploration prospects.