Providence Resources Share Discussion Threads

[sirrux] 09/1/2020 07:12

"at this time of significant opportunity" ... what have they been telling Alan!?!

[roadster750] 09/1/2020 07:04

Appointment of Chief Executive Officer

Dublin and London – January 9, 2020 - Providence Resources P.l.c. (“Providence” or the “Company”;), the Irish based energy company, today announces that Alan Linn has been appointed Chief Executive Officer of the Company with immediate effect. He also joins the board as an executive director.

Alan has over 35 years of international oil and gas industry experience with a successful track record of operating and developing businesses in diverse and often challenging environments. He has over ten years leadership experience as an executive director working with listed oil and gas companies, and a proven ability to devise and implement strategic change within established businesses. Having established his career originally in the UK, he subsequently worked internationally with Lasmo, Cairn Energy, Tullow Oil, ROC Oil, and with Afren PLC as part of a restructuring process. He joins Providence from Third Energy Onshore where he was Chief Executive Officer. Alan is a Chemical Engineer and lives in Ireland.

Pat Plunkett, Chairman of Providence, commented:
“I am pleased that Alan has agreed to join Providence at this time of significant opportunity within the Company. He has the ideal mix of operational and strategic experience for the position, and will bring valuable insights to the board as we rebuild the business after the challenging past year. Alan recognizes the considerable potential of the Company’s assets, in particular Barryroe, and I am sure he will enhance our options in taking this exciting project to the next stage. I look forward to working with him in the coming years”

Alan Linn, CEO of Providence, commented
“I am delighted to be joining Providence and look forward to working with the team. The opportunity to lead the commercialisation of an oil and gas field with the potential of Barryroe is very compelling. I look forward to working with the board to bring new investment into the project to ensure value creation at the earliest opportunity”

[ohisay] 09/1/2020 07:04

Mr. Linn was previously a director of Afren PLC, a company formerly
listed on the London Stock Exchange.
Afren PLC was placed in administration at the time Mr. Linn was a director of the company.

Wow what a catch...

[hermana3] 08/1/2020 19:27

Heavey has a new vehicle but he says its focus is on Africa for the moment...

[funtimejonny] 08/1/2020 16:46

I see that Anglo American have made a T/O bid today for Sirius. Wish that would happen here and take us all out of our misery (at the right price of course)

[hermana3] 08/1/2020 07:42

And cash from here or from somewhere else!!!

[ngms27] 08/1/2020 07:36

They also need devine intervention.

[hermana3] 08/1/2020 07:28

Oil at $69.09 and rising as Middle East resonates with response to Solameini killing last week. Spanish Point,Dunquin and Barryroe need high brent oil price.

[hermana3] 07/1/2020 23:33

Steel,His Tullow glory days must seem far off! Hope he is not losing his winners veneer.

[steelwatch] 07/1/2020 20:52

Haha - Sounds familiar! Wonder if PP's been done over twice..

“We have been working with one particular potential partner who is keen to enter the Africa market and who has undertaken comprehensive due diligence on the Owali asset already. We have also shown them other opportunities to allow them build a portfolio but their slow decision making has made the process very protracted.”

Mr Plunkett declined to disclose the identity of the potential investor to The Irish Times, other than to say that it had an Asian background.

[hermana3] 07/1/2020 19:45

Probably a serviced office only with only 3 employees and only one who turns up daily.

[funtimejonny] 07/1/2020 10:14

Their office is in a prime part of London...though maybe just an accommodation address?

[hermana3] 07/1/2020 07:33

Report in Times today that Pat's other 0il vehicle T5 is running out of funds. The old fella must be scoffing de valium.....

[hermana3] 06/1/2020 20:39

Do Pat and Angus ever even darken the doorstep of new shoebox style office?

[funtimejonny] 06/1/2020 14:16

Like havin a tiger by the tail holding this wee firecracker! Happy New Year one and all!

[sirrux] 05/1/2020 15:45

What if there's a big energy crisis in Ireland due to some geopolitical crisis?

[hermana3] 03/1/2020 07:40

Surge in Brent overnight to $69.16 due to successful airstrike in Baghdad thanks to you know who....

[hermana3] 03/1/2020 07:23

Good start to markets and oil price in 2020 too. A wee bit spooked by deafening silence here since BOD spoke of new partner opportunities at AGM in September....

[hermana3] 02/1/2020 21:31

Abu,The last piece is dependent on Pat n Angus pulling off a trick that was beyond Tony.

[abudhabi123] 31/12/2019 17:30

Wishing everyone on this BB Peace, Health and Prosperity for 2020, and beyond.

[slippygeorge] 31/12/2019 17:28

Great news on the way. Hang in there