Barryroe test results vindicate Providence's view

Providence Resources, the Irish oil and gas firm, said a third party assay has confirmed the presence of light sweet waxy oil at the Barryroe oil discovery off the south coast of Ireland.

Providence Resources, the Irish oil and gas firm, said a third party assay has confirmed the presence of light sweet waxy oil at the Barryroe oil discovery off the south coast of Ireland.

The assay reports the Barryroe oil to be a premium light (43 degrees gravity API), low sulphur, low TAN (acidity) and low metal crude. The wax content has been analysed to be around 17% (by weight) and the nitrogen content is also low.

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