Wed, 03 Jun, 2020
Mon, 06 Apr, 2020
The new boss at Providence Resources, Alan Linn, said he’s confident in the potential of the Barryroe well off the Cork coast, as he seeks to secure an “attractive partner,” despite the huge setbacks faced by the oil company last year.
Thu, 05 Mar, 2020
Shares in Irish exploration company Providence Resources jumped by as much as 12% after it announced that Tony O’Reilly - its chief executive since 2005 - has left the company; stepping down as CEO and resigning from the board with immediate effect.
Sat, 07 Dec, 2019
Shares in Providence Resources have risen on the back of the oil and gas exploration company indicating that funds necessary to progress the development of its flagship Barryroe field, off the Cork coast, will be forthcoming.
Mon, 15 Jul, 2019
Irish exploration company Providence Resources has said it will seek financial compensation from the Government should the Dáil pass into law proposed legislation targeting a ban on oil and gas drilling in Irish waters.
Fri, 28 Jun, 2019
Providence Resources has hit a second major setback in the Porcupine Basin after summer drilling at the Drombeg well 220km off shore failed to hit oil and has been abandoned. The shares, which had one stage plunged by a third, ended the session 16.5% lower.
Tue, 12 Sep, 2017
Irish onshore exploration company Falcon Oil and Gas has reported itself debt free and in “a strong financial position” ahead of a ruling on whether or not a ban on the practice of fracking in the area of Australia where one of its major assets lies will be lifted.
Sat, 26 Aug, 2017
Shares in plunged by as much as 40% yesterday, wiping around €41m from its market value, after the Irish explorer reported disappointing initial results from its highly-anticipated return to drilling off the west coast of the country.
Sat, 05 Aug, 2017
One of the world’s largest oil companies, France’s Total has signed two commercial development deals with Irish exploration company Providence Resources – a move which sent the latter’s shares soaring as much as 11% yesterday.
Thu, 08 Jun, 2017
Providence Resources boss Tony O’Reilly Jr has said landing a development partner for the company’s headline asset — the Barryroe oil and gas field off the Cork coast — remains the top priority despite a potential deal collapsing in the last few months.
Thu, 25 May, 2017
Providence Resources and Europa Oil and Gas – two of the most active exploration companies in Irish waters – are confident of further deal activity after both landing development partners for assets they hold off the west coast of the country.
Thu, 09 Mar, 2017
Fri, 30 Dec, 2016
Exploration company Providence Resources said it has entered the second half of the year with “renewed optimism” after seeing a near halving of its first-half losses and carrying out a company-saving funding round.
Fri, 30 Sep, 2016
Irish explorer Providence Resources has confirmed the formal elimination of a near $25m (€23m) debt mountain, potentially putting it in a stronger position to land development partners for three of its biggest assets.
Thu, 21 Jul, 2016
A number of so-called ‘super-majors’ — a term typically used to describe the biggest eight, or so, oil companies in the world — have shown interest in offshore assets held by freshly financed Irish explorer Providence Resources, its chief executive said yesterday.
Fri, 15 Jul, 2016
Troubled Irish exploration firm Lansdowne Oil and Gas has been dealt a fresh blow with the announcement two of its exploration licences in the Celtic Sea have expired following failure to find farm-out partners to further develop the assets.
Wed, 27 Apr, 2016
A costly court ruling yesterday put the spotlight on the terms of the debt deal that Providence Resources struck with Melody Finance late last year, as the Barryroe oil and gas explorer led by Tony O’Reilly Jnr unexpectedly lost a multi-million euro legal dispute with an international drilling company over delays in the Celtic Sea.
Thu, 14 Apr, 2016
Providence Resources may opt to push out the intended farm-out of its stake in the much-anticipated Spanish Point prospect, off the south-west coast, to next year in a bid to take advantage of the recent upsurge in interest in exploration opportunities in Irish waters.
Thu, 01 Oct, 2015
Providence Resources’ chief executive, Tony O’Reilly Jnr yesterday stressed that the company is progressing towards a long-awaited farm-out agreement on its much-heralded Barryroe field off the Cork coast, with signs of “new momentum” evident.
Wed, 30 Sep, 2015