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.”