- Farm-out Agreement Update
- Farm-out agreement with SpotOn Energy terminated
- Arrangement of a revised funding package is well advanced
- Early development scheme plan s remain on track
Dublin and London – April 2 2nd , 2021 - Providence Resources P.l.c. (PVR LN, PRP ID), the Irish based resource development company (“Providence” or the “Company”), announces that it has terminated the farm-out agreement with SpotOn Energy for the Barryroe Licence and is progressing arrangements for an alternative funding package to finance 100% of the costs of the early development scheme (“EDS”) for the Barryroe license (SEL 1/11).
Providence CEO Alan Linn commented: “Having actively supported SpotOn over the past year it is disappointing that it ’s become necessary to terminate the farm-out process with them. However, we are looking forward and actively building a revised development partnership with key service providers and a financing package designed to meet the needs of the project.
Listen On
Also Listen
-
Blackbird CEO Ian McDonough sits down with Zak Mir to talk results FY24 and elevate.io milestones achieved
Zak Mir talks to Ian McDonough, CEO of Blackbird, in the wake of the Final Resul -
Zak Mir talks to Alastair Clayton, Executive Chairman of Thor Energy Plc
Zak Mir talks to Alastair Clayton, Executive Chairman, Thor Energy, in the wake -
Zak Mir talks to Harry Baker, Chief Executive of Borders and Southern Petroleum PLC
Zak Mir talks to Harry Baker, CEO of Borders & Southern, after the London-based -
Zak Mir talks to Harry Baker, Chief Executive of Borders and Southern Petroleum PLC
Zak Mir talks to Harry Baker, CEO of Borders & Southern, after the London-based