Investors spooked as Providence Resources terminates Barryroe funding deal
Shares in Irish explorer plummeted as much as 18% after it said it would likely have to tap investors for more money after terminating partner deal for its Barryroe oil and gas field off Cork coast
Providence Resources has said the development of its Barryroe oil and gas field, off the Cork coast, remains on track despite the breakdown of its latest funding deal.
Thu, 22 Apr, 2021 - 14:22
Geoff Percival
Shares in Irish explorer Providence Resources plummeted as much as 18% after it said it would likely have to tap investors for more money after terminating the development partner deal for its Barryroe oil and gas field, which lies off the Cork coast.