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Providence Resources PLC's Alan Linn talks SpotOn Energy investment and Barryroe development

Providence Resources PLC's (LON:PVR) Alan Linn caught up with Proactive London's Andrew Scott after announcing they've raised US$3mln of new capital and also inked a preliminary agreement for a new farm-out for its flagship Barryroe oil field project.

SpotOn Energy - a Norwegian group - has signed a term-sheet giving it exclusivity until the end of October 2020 to develop new appraisal plans at Barryroe, and agree binding commercial terms for the envisaged farm-out deal.

Quick facts: Providence Resources PLC

Price: 3.05 GBX

AIM:PVR
Market: AIM
Market Cap: £25.48 m
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Full interview: New development approach for Barryroe unveiled by new...

Providence Resources (LON:PVR) has confirmed it is looking differently at Barryroe with the much-vaunted gas element at the asset shifting the company's development approach. New CEO Alan Scott Linn (who replaced Tony O'Reilly at the start of 2020) outlines his new strategy for Barryroe in a...

on 5/3/20

2 min read