Providence extends payment deadline again

Providence extends payment deadline again
A drilling rig at Providence Resources’ Barryroe field. Pic: Finbarr O’Rourke

Shares rise after statement says payment from Chinese partner 'expected to be completed shortly'

Providence Resources has again agreed to extend a deadline for receipt of a €9 million payment from a Chinese company.

The company had already twice extended the deadline for Asia-Pacific Economic Cooperation (Apec) to provide the money, which was due as part of an agreement with Providence to develop the Barryroe field off the Cork coast.


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