Tuesday May 26, 2020

Providence tightlipped on delayed €9 million payment to drill off Cork

Ian Guider

Markets Editor

21st July, 2019
Tony O’Reilly jr, chief executive of Providence Picture: Fergal Phillips

Providence Resources shareholders are in the dark this weekend about whether it has received a €9 million payment from a Chinese company.

Apec is due to drill Providence’s Barryroe oil field off the Cork coast and the payment is part of the contract’s terms. However, it has been delayed several times since an original deadline in June was missed. The latest date for receipt was last Friday, and Providence declined to say whether it had...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

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

Tom Maguire | 3 weeks ago

What’s coming up today and what you might have missed

Hannah O’Brien | 5 months ago