Shares in Irish independent Providence Resources fluctuated in the past week after a Chinese partner in a block off Ireland failed to come through with a $10 million payment by the promised deadline.
Dublin-based Providence had set a backstop date of 9 July to receive the funds from private player Apec Energy, which more than a year ago farmed into standard exploration licence 1/11 off the south-west coast, which contains the Barryroe oilfield.