Providence focused on developing Cork oil resource after extending losses to more than €9m

Company is focused on developing oil field off the Cork coast

The Barryroe field holds 346 million barrels of oil and gas. Picture: Finbarr O'Rourke

Oil and gas explorer Providence Resources recorded losses of more than €9m in the six months to the end of June.

The loss includes €7.7m in financing expenses and compares with a €5.5m loss for the same period last year