Shares in Irish oil explorer Providence Resources sank in London yesterday after the firm confirmed it would seek a new partner for its Barryroe asset off the south coast of Ireland.
Shares in Providence Resources jumped by almost 10% in London this morning after the Irish oil firm beefed up its drilling programme for the Barryroe field.
Providence Resources said today that it had completed the divestment of a 35% stake in an Irish oilfield to Total.
Irish oil explorer Providence Resources said today that Gardline's M/V Kommandor survey vessel was en route to the Newgrange prospect, where it will conduct a seismic data shoot.
Providence Resources’ boss said today that farm-out deals had helped the Irish explorer “shore up” its finances and bring first oil from the Barryroe discovery closer.
Dublin-based oil explorer Providence Resources said today that Gardline would conduct a 2D seismic survey of the Newgrange prospect off the south-west coast of Ireland.
Lansdowne Oil & Gas said today that it expects to raise £900,000 through the placement of 69 million new ordinary shares.
Providence Resources said today that Chinese firm Apec will buy into the Barryroe oil field, off the south coast of Ireland.
Landsdown Oil and Gas and Providence Resources has announced it has been granted permission to begin drilling at the 48/24-K Barryroe appraisal well in the Barryroe Field.
Irish oil explorer Providence Resources said today that Total had made final payment on a farm-in deal for a licence.
Shares in Providence Resources plummeted by almost 40% after the firm revealed a disappointing outcome for one of its wells off Ireland.
Irish independent Providence Resources has finally spudded exploration well 53/6-A on the FEL 2/14 licence in the southern Porcupine basin located to the west of Ireland.
Providence Resources has been given more time to develop its work programme for its Barryroe licence.
Providence Resources said today that Total had paid down $20.25million as part of its farm-in deal for a licence offshore Ireland.
Irish oil and gas exploration company Providence Resources, and Sosina -its operating partner in licensing option 16/27 – will farm out a 50% working interest in the site to Total.
CHC has signed a contract with Providence Resources to provide helicopter services.
Providence Resources today confirmed it had been given the nod for its exploration well off the coast of Ireland.
Offshore Ireland is fast becoming an exploration hotspot where more oil and gas majors are arriving on the scene.
Lansdowne Oil and Gas has invoked an agreement allowing it to raise £300,000 through a share placing to cover the cost of a legal dispute with Transocean.
Oil explorer Providence Resources has booked a drillship to spud a well on its licence off the south-west coast of Ireland.
The Supreme Court has declined to hear an appeal by Providence in its dispute with Transocean about wasted spread costs.
The Irish government has given oil explorer Providence Resources an extension on its Kish Bank Basin licence off the east coast.
The UK Supreme Court will not hear Providence Resources' appeal against a decision to make the Irish oil and gas explorer and its partner pay Transocean $7million.
Irish oil and gas explorer Providence Resources has contacted the preferred bidder to supply it with a rig for its Druid prospect following a tender.
Dublin-based oil and gas explorer Providence Resources today revealed a shuffle of its board.