Mystery investors up stake in Providence Resources

Unidentified pair now in the top five shareholders of the oil and gas exploration company

The newly-increased holding puts the pair in the top five holders of shares in Providence as the company embarks on a major push to finally develop its Barryroe oil discovery.

An unknown pair of investors have boosted their stake in Providence Resources, the beleaguered Irish oil and gas exploration company.

The two investors, “S O’Driscoll and R O’Riordan”, now hold 4.12 per cent of the shares, having boosted that stake in a recent fundraising round by the company.

The newly-increased holding puts the pair in the top five holders of shares in Providence as the company embarks on a major push to finally develop its ...