Alan S Linn, Chief Executive Officer, Providence Resources (PVR.) Interview
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- Farm-out Agreement Update \n
- Farm-out agreement with SpotOn Energy terminated \n
- Arrangement of a revised funding package is well advanced \n
- Early development scheme plan s remain on track \n
\n\xa0Dublin and London \u2013 April 2 2nd , 2021 - Providence Resources P.l.c. (PVR LN, PRP ID), the Irish based resource development company (\u201cProvidence\u201d or the \u201cCompany\u201d), announces that it has terminated the farm-out agreement with SpotOn Energy for the Barryroe Licence and is progressing arrangements for an alternative funding package to finance 100% of the costs of the early development scheme (\u201cEDS\u201d) for the Barryroe license (SEL 1/11).
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\nProvidence CEO Alan Linn commented: \u201cHaving actively supported SpotOn over the past year it is disappointing that it \u2019s become necessary to terminate the farm-out process with them. However, we are looking forward and actively building a revised development partnership with key service providers and a financing package designed to meet the needs of the project.\xa0\n\n
\nhttps://www.share-talk.com/alan-s-linn-chief-executive-officer-providence-resources-pvr-interview/\n