• 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. 


https://www.share-talk.com/alan-s-linn-chief-executive-officer-providence-resources-pvr-interview/

Listen On

Also Listen