Providence Resources PLC Result of AGM (9559T)
27 7월 2022 - 8:49PM
UK Regulatory
TIDMPVR
RNS Number : 9559T
Providence Resources PLC
27 July 2022
Providence Resources P.l.c.
Result of AGM
Dublin and London - 27(th) July 2022 Providence Resources P.l.c
(PVR), the Irish based energy company, is pleased to announce that
all resolutions were duly passed at the Company's Annual General
Meeting held earlier today.
James Menton, Chairman, Providence Resources said, "I welcome
today's opportunity to address our shareholders and bring them up
to date on the Board's activities over the last 12 months. The
Board's primary objective remains the successful optimisation of
the Barryroe Field, which represents an opportunity to develop a
vital indigenous source of oil and gas. At a time when geopolitical
uncertainty necessitates that all energy options must be given due
consideration, we believe that the Barryroe Field has the potential
to have a significantly positive impact on Ireland's security of
energy supply in the coming years. Indigenous oil and gas supplies
will be critical in providing a substitute for the imports that
will be required to meet ongoing demand during Ireland's energy
transition to Net Zero"
Alan Curran, Interim Chief Executive, Providence Resources,
said, "My initial review of Barryroe confirms its material
potential as an oil and gas asset that is ready for appraisal
drilling. However to progress and harness the enormous potential in
the Barryroe Field as soon as possible, regulatory consent by way
of the Lease Undertaking is required. No further material technical
progress can be made without this."
ENDS
Investor Enquiries:
o Providence Resources P.l.c. Tel: 353 1 219 4074
James Menton
Chairman
o Investor Relations Tel: 353 87 6620234
Job Langbroek
o J & E Davy Tel: 353 1 679 6363
Anthony Farrell
Media Enquiries:
o AM O'Sullivan PR Tel: 353 87 9881890 / tina@amosullivanpr.ie
Tina Quinn
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END
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July 27, 2022 07:49 ET (11:49 GMT)
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