Providence Resources' new Barryroe partner flags early funding delay

Barryroe oil rig

Irish exploration company Providence Resources has hit a fresh funding snag, with its prospective new development partner for its Barryroe oil and gas field delaying part of its promised introductory funding.

Providence tentatively named Norwegian firm SpotOn Energy as its new Barryroe partner last month, with that deal expected to be completed by the end of October following due diligence which is currently taking place.