Providence Resources reports €26.8m loss for 2019
Former CEO Tony O’Reilly jnr received exit payment of almost €450,000
Former CEO Tony O’Reilly jnr received exit payment of almost €450,000
Future revenues expected to be lower than forecast as explorer cuts third of global staff
Group needs to tackle its debts and cut costs amid disappointment off Guyana
Exploration company’s shares tumbled 20% in early trade in London
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Irish-founded oil exploration group tells analysts it’s open to offers ‘at proper value’
Chines backer Apec fails to loan beleagured Irish oil and gas exploration company $9m
London-listed Irish explorer opens new upper tertiary oil play in Guyana basin
Company also outlines opportunities in Kenya, Guyana and Côte d’Ivoire
Remuneration for top three executives boosted by higher incentive plan payouts
McCoss has worked with Providence since 2017 as non-executive director
Company’s net expenditure on well is expected to be in the region of $5m
Chairman and four non-executive directors granted options by oil and gas explorer
Exploration company hits 75m reservoir of economically recoverable oil
Exploration manager Angus McCoss will join the company from June 1st
Shares rise 4.2% in London as exploration company says find suggests ‘significant potential’
But Emesek-1 exploration well provided ‘valuable data’, Tullow says
Irish firm updates investors on activities in Kenyan blocks
Tullow issues positive update on drilling activities in the Kerio Basin
Irish-listed explorer says well at Chew Bahir Basin will be plugged and abandoned
Hanssen wildcat well in the Barents sea encountered a 20-25 metre oil bearing sandstone
Exploration group now has five rigs drilling in Kenya and Ethiopia
Exploration group has a 50 per cent stake in the South Omo Block in Ethiopia
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Exploration firm announces fourth ‘wildcat’ discovery since 2012
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