Providence shareholders holding out for a bonanza

Tony O'Reilly Jnr

AFTER 37 years of failures at Atlantic/Providence Resources, the company has signed a farm-out and financing deal with the Chinese group, Apex – a consortium made up of the drilling subsidiary of the Chinese oil major, CNOOC, and JIC Capital, an offshoot of the state-owned China Investment Corp. There is a long way to go… Read more »