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.
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,...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month, €19.99 Monthly thereafter
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team