Tag Archives: Oil

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 Tony O’Reilly, CEO of Providence Resources in 2009

Where’s our black gold?

With Providence drilling only one appraisal well so far, potential farm-out partners may want more evidence.
“There is a discovery there, the question is what is commercially recoverable,” said David Round, an analyst at BMO Capital Markets in London. “They may still find a partner, though the terms might not be as lucrative as they originally envisaged.”
Providence’s difficulties in finding a partner may have been amplified by past exploration failures in offshore Ireland. Some 158 wells have been drilled over past 45 years in Irish waters. Only four commercial gas fields have been found.

Where’s That Irish Oil, Investors Wonder Two Years Later (Dara Doyle, Bloomberg)

(Sasko Lazarov/Photocall Ireland)

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This evening.

Outside the Ireland Oil & Gas 2014 Summit being held at the Conrad Hotel, Dublin.

Sponsored by insurance giant Aon, Tony O’Relly Jnr’s Providence Resources and other disinterested parties.

So what the frack’s going on inside!?

“The Summit will provide delegates with an overview of the fiscal regime and legislations relating to exploration and production in both the Republic of Ireland and Northern Ireland. . It will ultimately provide you with the opportunity to enhance your understanding of the potential of the region at this crucial time, when a new licencing round covering most of Ireland’s Atlantic margin will soon commence.

Oh.

The 2nd Annual Ireland Oil & Gas 2014 Summit (IrelandSummit)

Thanks John Finucane