Providence ups Irish prospects as portfolio interest peaks
Drilling costs now at seven-year low
Providence Resources has agreed a basis for an extension of its loan facility with Melody Finance to May 2018. It said that despite the continued fall in oil prices, it has seen an increased interest in its portfolio.
In a trading update for 2015 Providence said that work continues with a number of parties to progress its Barryroe farm-out project in the North Celtic Sea Basin to a "satisfactory conclusion". It says “encouraged ...
