Providence and Apec in talks about more drilling ventures

Providence and Apec in talks about more drilling ventures
Tony O’Reilly jr, chief executive of Providence Resources: ‘By its very nature, we are in a risky business’ Picture: Fergal Phillips

Drilling programme likely to be completed by end of 2019 following landmark deal with Apec

After years of struggle and scepticism from the markets, is this the turning point for Providence Resources?

Chief executive Tony O’Reilly jr believes so, and the markets seem to agree.

Not only did the company’s shares jump from around 10 cents to a high of 13 cents during the week on news of its farm-out deal for its Barryroe prospect, but analysts have been glowing in their praise for the deal, and for Providence’s...

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