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Latest Barryroe setback could end up being good news for Providence investors Market Beat: Explorer has yet to deliver on long-standing ‘black gold’ hype about 5 hours ago   Investors in oil and gas exploration stocks need a strong constitution at the best of times. But followers of Providence Resources have had to be a breed unto themselves. Shares in the company slumped as much as 22 per cent within an hour of trading getting underway in London on Thursday as the market digested news that a partnership to develop the group’s much-hyped Barryroe oil and gas field 50km off the Cork c...

Providence to go it alone on Barryroe as third partnership collapses Company has terminated a so-called farm-out agreement with Norway’s SpotOn about 2 hours ago   Providence Resources said on Thursday it plans to proceed alone to bring its Barryroe oil and gas field south of the Cork coastline to production as a third planned development partnership has fallen through. The company, led by chief executive Alan Linn, said that it has terminated a so-called farm-out agreement with Norway’s SpotOn, which was supposed to ultimately receive a 50 per cent stake in the project subject to compl...