Norwegian firm makes merger offer to Providence

SpotOn Energy finalised a farm-out deal with the exploration firm for the Barryroe oil and gas field last years

Alan Linn, chief executive of Providence

Providence Resources has been approached by its partner in the development of the Barryroe oil and gas field about a potential merger of the two companies, the Business Post understands.

Providence, the Irish exploration company, last year reached a farm-out deal for the Barryroe field with a consortium led by Norway’s SpotOn Energy.

The Business Post understands SpotOn has now proposed a merger between the two entities although the proposal is at a preliminary stage.