20th Jul 2020 20:43
Providence Resources PLC and Lansdowne Oil & Gas PLC - oil and gas firms with exploration rights in offshore Ireland - Providence Resources is progressing farm out talks with SpotOn Energy in the SEL1/11 exploration licence, which contains the Barryroe oil and gas field, Ireland. Providence has 80% stake in Barryroe. Lansdowne, which has a 20% interest, noted Providence's announcement. Providence reported that binding sheets are now in place with all members of SpotOn consortium. Names of "blue chip" consortium members to be disclosed separately.
Current stock price: Lansdowne shares priced at 0.99 pence, Providence at 4.55p.
Year-to-date change: Lansdowne up 32% and Providence up 51%.
By Eric Cunha; [email protected]
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