Providence, which is led by chief executive Tony O’Reilly jnr, said it had received “further assurances” that the loan advances due were in the process of being paid. Photograph: Dara Mac Dónaill

Providence Resources says it will need to put in place “alternative financial arrangements” by the end of the month if it has not received a promised(...)

Tony O’Reilly jnr: the Providence boss has a shares option that can only be activated if the share price reaches 45 cent, four times the current market rate. Photograph: Cyril Byrne/The Irish Times

*Providence boss Tony O’Reilly jnr has been offered a generous stock option package if he can revive the oil company’s ailing fortunes. Under a new m(...)