Providence Resources

Ex Oriente Lucrum – Barryroe gets the deal it deserves

  • Sectors : Resource
  • Companies : Providence Resources

Ratings and price correct at time of issue.

  • Providence Resources

    Closing Price: 11.8p

  • RATING 09/06/11

  • PREVIOUS RATING N/A

DAVY VIEW

The story of Barryroe, and Providence’s efforts to progress its development, has moved forward significantly. Following several years searching for a partner, the deal announced earlier this year and recently updated and expanded has real potential to unlock value for shareholders. So far, this achievement has only partly been discounted in the share price. However, this is very unlikely to last, especially in the context of the five-well drilling programme that is due to start in Q3 next year.

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Dec 12 2018, 07:10 GMT

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