Acquisition

Providence Resources PLC
19 September 2005





19 September 2005
                          Providence Resources P.l.c.

   •Providence ('Providence' or 'the Company')acquires 10% stake in West
    Lennox Field, offshore Liverpool

   •Appraisal/Pre-Production Drilling started yesterday

   •Objective is to increase Providence's daily oil production

   •Deal also includes 10% of adjacent Crosby exploration prospect

Providence is today pleased to announce that, as part of an international
consortium, it has acquired a 10% interest in the West Lennox discovery and the
adjoining Crosby exploration prospect, both located in proven hydrocarbon
producing areas in the Liverpool Bay area, offshore UK.. The Company can also
confirm that appraisal drilling commenced on the West Lennox discovery
yesterday.

The West Lennox field is an un-appraised oil discovery located in Block UK110/
14c which lies in 15 metres of water off the coast of Liverpool. A discovery
well, which was drilled in 1990, encountered a 25 ft oil column in massive
reservoir sandstones of the Lower Triassic Sherwood Sandstone Group. These
reservoir sands are presently producing 20,000 BOPD at the BHP-Billiton operated
Lennox oilfield located just 3km to the east in block UK110/15a. Mapping
suggests that the West Lennox and Lennox oil fields may be in communication,
which would provide some considerable volumetric upside to the project.
Estimates of recoverable reserves range from a base of 1.6 MMBOE to + 3 MMBOE.

The Noble Lynda Bossler jack-up drilling rig (contracted through ADTI) commenced
drilling operations yesterday. Providence's share of the appraisal drilling is
budgeted at approximately €750,000.

Following the successful completion of the well a fast-track development
programme involving a single well tieback to the Lennox platform is envisaged as
the most likely plan of development. The partners who include, Challenger
Minerals (North Sea) Limited, P/F Atlantic Petroleum, DYAS UK Limited and First
Oil EXPRO Limited would like to achieve first oil from the West Lennox field at
the end of Q3 2006.

In addition to West Lennox, the consortium has also acquired an interest in
neighbouring block UK110/14d, which contains the highly prospective Crosby oil/
gas prospect (potential recoverable reserves 15 MMBOE). The partners plan to
evaluate the most recent 3 D seismic data over this structure as a prelude to
any drilling activity.

Commenting on the announcement, Mr. Tony O'Reilly Jnr., Chief Executive said:

'This is a very attractive investment for Providence. West Lennox represents the
first step in our stated strategy of increasing daily oil production. At a time
of rising commodity prices, this will allow us to explore other real value added
opportunities already within our portfolio. This new presence in the East Irish
Sea Basin compliments our other activities in the Irish Sea area, so leveraging
our exploration potential.'

Contacts:

Providence

Tony O'Reilly Jnr.     Chief Executive        Tel: [phone]

Powerscourt                                   Tel: [phone]
Victoria Brough / Sorrel Beynon

Murray Consultants                            Tel: [phone]
Pauline McAlester

www.providenceresources.com


NOTES TO EDITORS

About West Lennox

Licence P.099 comprises the West Lennox oil discovery and the Crosby oil/gas
exploration prospect. The licence is located in block 110/14d & 110/14c in the
East Irish Sea Basin, a prolific hydrocarbon province.

The partners in the project are:

Challenger Minerals (North Sea) Limited - 25%
P/F Atlantic Petroleum -25%
DYAS UK Limited - 20%
First Oil EXPRO Limited - 20%
Providence Resources - 10%

About Crosby

The Crosby prospect is a dip and fault closed exploration prospect located in
block UK110/14d to the east of the Hamilton gas field complex. The structure has
been mapped on 3D seismic data and in common with the Hamilton & Lennox fields,
the main reservoir objective are sands of the Lower Triassic Sherwood Sandstone
formation.

As with a number of discoveries in the area, amplitude anomalies have been
observed on the top of the structure, which are postulated to be associated with
hydrocarbon presence. Mapping to date suggests that the Crosby prospect could
contain approximately 15 MMBOE REC.

The partnership is planning to carry out seismic reprocessing and mapping of the
existing 3D data prior to any future drilling activity on the prospect. As part
of the farm-in arrangement, Burlington Resources, the previous licensee holds an
option to back into a 20% interest in the Crosby exploration prospect following
the drilling of the first well.

About Providence Resources

Providence's active oil and gas portfolio includes interests in Ireland
(offshore), the UK (onshore and offshore) and West Africa (offshore Nigeria).

Providence's portfolio is balanced between production, appraisal and exploration
assets, as well as being diversified geographically. In addition to drilling on
West Lennox, Providence is involved in drilling the AJE field (offshore Nigeria)
and at Singleton (onshore U.K.).

Comprehensive information on Providence and its oil and gas portfolio, including
the AIM Admission document and Annual Report 2004 are all available from
Providence's website at www.providenceresources.com



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