O’Reilly says Providence ripe for takeover
The listed Irish-based oil and gas exploration company has seen its share price drop by 85 per cent this year
Tony O’Reilly, chief executive of Providence Resources, has told The Sunday Business Post that its oil and gas assets around Ireland make the company an attractive takeover target as the industry prepares for a recovery in prices.
He said the company has a handful of “drill ready” projects that are of interest to the world’s major oil companies. Providence is in the process of attempting to secure a so-called farm out agreement for...
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Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures