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Ireland 'close to oil billions'
Ms Sans Serif
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[quote:Anonymous Coward 25271890:MV8yMDEzMTQzXzMzODI4NzU4XzQ3RDU5RUM3] Praise God. Now why is not a 100% Ireland company? That is not good. But it is good news and couldn't come at a better time. [/quote]
Ireland is on the verge of securing revenue from oil that could run into billions of pounds.
Providence Resources Plc, an Irish and UK company, has confirmed its Barryroe site, 30 miles off the Cork coast, should yield 280m barrels of oil.
Providence chief executive Tony O'Reilly Jr said this was the beginning of an Irish oil industry.
He described it as a huge success story, following decades of exploration around the Irish coast.
link to www.bbc.co.uk
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