The company’s shares are quoted on the AIM in London and Euronext Growth Market in Dublin. The company funds projects through investor equity and has raised $275 million over the last 10 years to fund offshore exploration in Ireland. The company has participated in 50% of all exploration wells drilled offshore Ireland since 2004.
Providence Resources’ primary focus is to progress the phased commercial development of the Barryroe Oil and Gas Field. Providence Resources holds an 80% working interest in, and is operator of, SEL 1/11 which contains the Barryroe oil accumulation.
The Barryroe Field is located in 100 metres of water, approximately 50km offshore Cork, close to the Kinsale gas fields. Barryroe is one of the largest undeveloped oil and gas fields offshore Europe and has been independently assessed to potentially contain approximately 350 million barrels of recoverable oil/gas.
