Alan S Linn, Chief Executive Officer, Providence Resources (PVR.) Interview
b'
- \\n
- 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
\\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).
\\n
\\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\\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).
\\n
\\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