Providence Resources : P.l.c. Notification of Interest in Share Capital
July 20, 2020 at 12:08 pm EDT
Share
Providence Resources P.l.c. have been informed by R. O’Riordan and S. O’Driscoll that they in aggregate hold 29,936,001 ordinary shares of €0.001 each in the capital of the Company representing 3.56% of the issued ordinary share capital.
Barryroe Offshore Energy PLC is an Ireland-based company, which is engaged in oil and gas discovery offshore Ireland. The Companyâs primary focus is to progress the phased commercial development of the Barryroe Oil and Gas Field. The Company holds an 80% working interest in, and is the operator of, SEL 1/11, which contains the Barryroe oil accumulation. The Barryroe Field is located in approximately 100 meters of water, approximately 50 kilometers (km) offshore Cork, close to the Kinsale gas fields. The Barryroe Field is an undeveloped oil and gas field offshore Europe and independently assesses to contain approximately 350 million barrels of recoverable oil/gas. The Companyâs other assets include Celtic Sea Basin (SEL 2/07 & LU), Southern Porcupine Basin (FEL 3/04) and St. George's Basin (SEL 1/07).