Providence Resources

New farm-out underway and equity raise

  • Sectors : Resource
  • Companies : Providence Resources

Ratings and price correct at time of issue.

  • Providence Resources

    Closing Price: 1.7p

  • RATING 09/06/11

  • PREVIOUS RATING N/A

DAVY VIEW

Providence Resources has announced that it has entered a six-month exclusivity agreement with Spoton, a Norwegian company, to facilitate the completion of an appraisal programme and farm-out deal for the Barryroe oil and gas project offshore Ireland. It has also announced an equity placing at 1.5p per share to raise approximately $3m.

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Apr 6 2020, 08:10 IST/BST

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