Providence and Shell Sign Memorandum of Agreement

abarrelfullabarrelfull wrote on 07 Feb 2011 12:32
Tags: aim deals ireland providence-resources shell

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Providence Resources P.l.c., (‘Providence’) the Irish oil and gas exploration and production company, whose shares are listed in London (AIM) and Dublin (ESM), is pleased to confirm that it has signed a Memorandum of Agreement with Shell International Trading and Shipping Company Limited to negotiate an oil off take sale and purchase agreement relating to future potential oil production from its Barryroe and Hook Head oil discoveries, located in the North Celtic Sea Basin off the south coast of Ireland.

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