Providence Resources shares fall as CEO quits role after less than two years

Providence was aiming to fast-track production at Barryroe oil and gas field, which lies off the coast of Cork

Providence began a strategic review of how best to develop Barryroe, in September.

Shares in Irish exploration company Providence Resources fell as much as 8% after the company announced the resignation of its chief executive Alan Linn after less than two years in charge.

Providence’s chief asset is the Barryroe oil and gas field, which lies off the coast of Cork. Mr Linn, who replaced Tony O’Reilly Jr as Providence boss early last year, said he was leaving to concentrate on his other business interests.