Providence Resources said it had received the “second and final payment” in relation to a deal struck in June that saw it cede some of rights to explore the Druid Drombeg well.

Oil and gas exploration company Providence Resources has received $5.4 million (€4.6 million) from a deal struck in June that saw it cede some of the (...)

A Providence Resources drilling rig at the Helvic Oil Field in the Celtic Sea.

Oil and gas exploration company Providence Resources has completed drilling at its failed Druid Drombeg prospect off the south-west coast of Ireland. (...)

A rig at Barryroe, which is an oil and gas field in the Celtic Sea south of Cork

Oil and gas explorer Providence Resources remains “very optimistic” about its prospects and those of the sector despite recent setbacks, the company h(...)

 Providence Resources  struck water yet again last week at Drombeg in the Porcupine Basin, but that hasn’t dampened Europa’s enthusiasm. Photograph: Finbarr O’Rourke

Irrepressible enthusiasm is clearly de rigueur in an exploration sector that has yet to deliver a single barrel of oil from off the Irish coast. As is(...)

Pageant Holdings is now Providence Resources’ second-largest shareholder, after London-based M&G Investment Management

Businessman Nick Furlong’s investment company Pageant Holdings, which took part in a rescue fundraising at Providence Resources last year, has moved t(...)

 Chief executive of Providence Tony O’Reilly: he   said the results were “disappointing”. Photograph: Brenda Fitzsimons

Shares in Irish oil and gas exploration company Providence Resources slumped by more than a third as it delivered “disappointing” news on Monday that (...)

Providence appraisal well at Barryroe: after years of stop-and-start talks on finding a buyer for a stake in the project, now is time for Providence’s chief executive to deliver. Photograph: Finbarr O’Rourke

The stock exchange announcements had been coming thick and fast of late from Providence Resources as it breathlessly updated the market on its great h(...)

Shares in the company slumped to as low as 8.625p per share after a preliminary analysis indicated the reservoir contained water

Providence Resources shares plummeted by as much as 46 per cent on Friday as the oil and gas explorer said preliminary analysis of drilling of its Dru(...)

Sir Anthony O’Reilly: Last shares   in Providence  will  be sold as part of  bankruptcy process. Photograph: Brenda Fitzsimons

Last O’Reilly’s shares to be sold The last shares held by Sir Anthony O’Reilly in Providence Resources, the company he founded, will shortly be sold (...)

Cairn will pay 45 per cent of the costs of drilling the 53/6-A exploration well in June 2017, subject to a gross well cap of $42 million. The company will also make a cash payment of $2.82 million to PVR and Sosina on closing.

Oil and gas explorer Providence Resources announced on Wednesday a partner for its well in the Porcupine basin. The stock rose by as much as 15 per c(...)

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