Energy

Ian Guider: Barryroe might be Providence’s last chance to strike it lucky

The oil prospector has been in business in one guise or another for 40 years. Will Barryroe finally repay investor loyalty or has government appetite for fossil fuel prospecting passed?

Tony O’Reilly: four decades ago, he set his sights on prospecting for oil and gas in the deep waters surrounding the Irish coast

In late 2007, Providence Resources sent out a paperweight to members of the media. The glass weight was in the shape of a barrel of oil and contained a drop of the precious commodity. It was to mark the discovery of oil from the Hook Head field off the Wexford coast that it had just drilled and it was meant to mark a revival of exploration for natural resources from our shores.

Providence would never ...