Providence Resources is waiting for word from Minister Eamon Ryan. The explorer has just completed a second independent audit of its Barryroe field, the second since 2013. The audit found 81 million barrels of oil. At today’s market price of $91, that’s $7.2 billion worth. To get at the oil, Providence wants a new preparatory well. To sink the well, Providence needs a sign off from Minister Ryan, as well as €65 million from shareholders. In an update on Friday, Providence made the case to investors, and to the government, that the project should go ahead. To the government, it…
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