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.”
Read the article online at: https://www.oilfieldtechnology.com/exploration/13112018/providence-resources-update-on-frontier-exploration-licence-304/