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Providence Resources has released a technical update on their acreage shared with Cairn in the north Porcupine Basin, offshore the west of Ireland. This is an exciting prospect but it is early days and the market is hardly likely to give any of the benefit of the doubt when other matters prevail. Other matters of course mean Barryroe where the market still don't know who is farming-in and how they will pay for it. I know that farm-outs nowadays take a lot longer than ever before but this is borderline taking the Mickey - See more at: [link]
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