Show Notes
- 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
-
Iofina reports record year as CEO discusses results with Zak Mir
Zak Mir talks to Dr Tom Becker, President & CEO, Iofina, in the wake of the spe -
Zak Mir talks to Ippolito Cattaneo, CEO of Ajax Resources
Zak Mir talks to Ippolito Cattaneo, CEO of Ajax Resources, in the wake of recen -
Powerhouse Energy CEO talks strategy and recent developments
Zak Mir talks to Paul Emmitt, CEO Powerhouse Energy (AIM: PHE), as the company -
Winterflood Securities, Liquidity, Retail Fundraising & the London Market Outlook
Zak Mir talks to Andrew Stancliffe, Head of Execution Services at Winterflood S