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Providence Resources: update on Frontier Exploration Licence 3/04

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Oilfield Technology,

Providence Resources P.l.c. has provided a licence update on Frontier Exploration Licence (‘FEL’) 3/04 located in the southern Porcupine Basin. FEL 3/04 is operated by Eni Ireland BV (36.913%) on behalf of its partners, Repsol Exploracion Irlanda SA (33.557%), Providence Resources P.l.c. (26.846%) and Sosina Exploration Limited (2.684%), collectively referred to as the ‘FEL 3/04 Partners’.

The licence contains the undrilled Lower Cretaceous ‘Dunquin South’ carbonate exploration prospect as well as the adjacent ‘Dunquin North’ carbonate build-up, which hosts a residual oil column. Having completed the interpretation of the newly acquired 3D seismic data, the FEL 3/04 Partners have now approved the 2019 Work Programme & Budget to include the acquisition of a well site survey over the Dunquin South prospect.

Tony O’Reilly, Chief Executive Officer of Providence Resources said: “We are very pleased to confirm that the Dunquin partners have approved the budget for the acquisition of a well site survey over Dunquin South, which is a prerequisite for the drilling of an exploration well on this high impact exploration prospect. We look forward to keeping all stakeholders updated on the forward plans for this licence.”

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