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