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

4th October, 2015
Tony O'Reilly, chief executive, Providence Resources Picture: Feargal Ward

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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