Providence requests share suspension ahead of court decision

A final decision on the Transocean case is expected this morning

The case relates to use of a drilling unit on Providence's Barryroe oil field

Providence Resources has requested a temporary suspension of trading in its shares ahead of a final decision of the UK Court of Appeal on an appeal lodged by Transocean Drilling UK against a 2014 judgement.

A decision in the case, which relates to cost claims made by Transocean against Providence relating to the use of a drilling unit on theBarryroe oil field, is expected this morning.

Providence's shares are listed on London's Alternative ...