O'Reilly unfazed by negative market reaction

The plugging of a well has hit Providence Resources' share price, but chief executive Tony O'Reilly says its results are 'tantalising', writes Fearghal O'Connor.

27th July, 2013
Tony O'Reilly, chief executive of Providence Photo: FinbarrO'Rourke

For a chief executive who watched his company's share price take a pummelling all last week, Providence Resources' Tony O'Reilly remains in upbeat mood.

The market may have judged last Monday's drilling results from Providence's Dunquin North prospect in the Porcupine Basin off the south west coast as a disappointing failure, but O'Reilly describes them as "tantalising".

The data obtained from the well, which is to be plugged after costing as much as $200 million,...

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