Providence reports operating loss of €13.1 million for 2015

The exploration group said 2015 was a year of "unprecedented dislocation' in the industry

29th June, 2016
Providence reported a 2015 pre-tax loss of 24 million

Providence Resources has reported an operating loss of €13.08 million for 2015, up from a loss of €6.46 million in 2014, after what it described as a year of "unprecedented dislocation in the global oil and gas industry".

The exploration group said its pre-tax loss widened to €24.1 million from €11.5 million a year earlier.

"Regardless of short-term market flux, the Irish offshore remains a very attractive location...

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