Thursday October 1, 2020

Providence oil to start flowing this week

Providence Resources saw its share price shoot up last week after announcing promising appraisal results, but it faces an even bigger week ahead.

4th March, 2012
Providence chief executive Tony O'Reilly: "Now people will be able to talk about Irish oil". Photo: Tony O'Shea

Providence Resources saw its share price shoot up last week after announcing promising appraisal results, but it faces an even bigger week ahead with an expectation that oil will flow at its Barryroe well in the waters off Cork. This will make it the first ever commercially-viable well to flow off the Irish coast.

"It is going to be a hugely important week for us," said Providence chief executive Tony O'Reilly. "At the end of...

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