Perseverance holds the key for Providence
The oil exploration company’s shares plunged again last week, but chief executive Alan Linn sees some reasons to be cheerful
Long-suffering shareholders in Providence Resources could have been excused for wondering last week if they were ever going to catch a break, as the exploration company’s share price again fell precipitously.
The latest dip followed the much-anticipated announcement of a farm-out deal for its Barryroe oil and gas field off the coast of Cork to a consortium led by Norway’s SpotOn Energy. After years of trying to get a deal over the line and several ...