Providence Resources raises €540,000, while Teeling's Arkle eyes expansion

Providence Resources is looking to develop the Barryroe oil and gas field off the Cork coast

Irish exploration company Providence Resources has raised €540,000 in extra funding.

The £492,999 (€540,000) comes on top of the €3m in emergency funds the company raised in April and is a result of investors exercising warrants that were issued as part of that fundraising round.