- 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
-
Zak Mir talks to Ippolito Cattaneo, Chief Executive Officer of Ajax Resources Plc
Zak Mir talks to Ippolito Cattaneo, CEO of Ajax Resources, in the wake of this w -
Zak Mir talks to Segun Lawson, President & CEO of Thor Explorations
Zak Mir talks to Segun Lawson, President & CEO of Thor Explorations, in the wake -
Zak Mir talks to Howard White, Interim Chairman, Hydrogen Utopia International
Zak's Traders Cafe spoke with Howard White, interim chairman of Hydrogen Utopia -
Panther Metals (LON: PALM) Bitcoin, Tailings, and a High-Conviction Pivot
In a recent conversation with Zak Mir from Zak’s Traders Café, Panther Metals CE