San Leon has a hidden gem. This relates to its 4.5% net profit interest in the undeveloped Barryroe oil and gas field in the Celtic Sea Basin, offshore Ireland. Following the recent announcement by the operator, Providence Resources (PVR.L), of a farm-out and development programme, the gem is now poised to be unlocked. Providence has struck a deal with Norway-based SpotOn Energy to undertake the development and funding of Barryroe in conjunction with a consortium of world class oilfield service ....
10 Dec 2020
Barryroe hidden gem potentially unlocked
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Barryroe hidden gem potentially unlocked
San Leon Energy Plc (SLE:LON) | 16.5 0 0.0% | Mkt Cap: 74.2m
- Published:
10 Dec 2020 -
Author:
Peter J Dupont -
Pages:
4
San Leon has a hidden gem. This relates to its 4.5% net profit interest in the undeveloped Barryroe oil and gas field in the Celtic Sea Basin, offshore Ireland. Following the recent announcement by the operator, Providence Resources (PVR.L), of a farm-out and development programme, the gem is now poised to be unlocked. Providence has struck a deal with Norway-based SpotOn Energy to undertake the development and funding of Barryroe in conjunction with a consortium of world class oilfield service ....