O’Reilly under renewed pressure as Providence waits for Chinese cheque

The strains have been showing on both O’Reilly and Providence over the repeated delays in receiving a $9 million payment from a Chinese company called Apec

15th September, 2019
Tony O’Reilly jr, chief executive, Providence Resources Picture: Fergal Phillips

If there was a moment where the stress began to show on Tony O’Reilly’s face during the annual general meeting of Providence Resources, the oil and gas explorer he’s run for a decade, it was in response to questions from a shareholder about why he held so few shares in the company and how he could justify a near-€500,000 annual salary.

“I work my ass off for this...

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