Providence Resources shares jump despite Barryroe owner quelling merger chatter  

Barryroe co-owner Providence Resources has denied it is in merger talks with its main development partner. Picture: Finbarr O'Rourke / File

Shares in Irish exploration company Providence Resources have jumped on the back of merger speculation surrounding the company, despite it moving swiftly to deny all rumours.

Investors were also buoyed by Providence gaining Government approval to continue development work at its Barryroe oil and gas field off the Cork coast.