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IN BRIEF: Providence Resources, Lansdowne outline Barryroe's future

Fri, 04th Feb 2022 17:01

Providence Resources PLC - operator of Barryroe oil and gas project offshore Ireland - Says appraisal well at Barryroe is key next step which will be undertaken in 2023. Assuming a positive outcome, company will proceed to first production in 2026. This will initially be focused on the central area in Barryroe only.

Lansdowne Oil & Gas PLC - Dublin-based exploration company - notes the announcement. Lansdowne has a 20% interest in Barryroe.

Current Providence stock price: 2.70p, down 6.9%

12-month change: down 58%

Current Lansdowne stock price: 0.58p, up 10%

12-month change: down 56%

By Greg Roxburgh; gregroxburgh@alliancenews.com

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