Providence Resources PLC
13 July 2005
Providence
Resources P.l.c.
Providence Resources P.l.c. ('Providence' or 'the Company')
Tony O'Reilly Jnr appointed Chief Executive
The Board of Providence Resources P.l.c., the oil and gas exploration and
production company, is pleased to announce that Tony O'Reilly Jnr has been
appointed Chief Executive with effect from September 1st. He is currently Chief
Executive of Wedgwood, a division of Waterford Wedgwood plc.
Mr O'Reilly, aged 38, is a graduate of Brown University in Rhode Island. He
worked in mergers & acquisitions at Dillon Read, the investment bank and in
corporate finance at Coopers & Lybrand, advising natural resource companies,
before joining ARCON as Director, Planning and Corporate Development in 1992.He
was Chief Executive at ARCON from 1996 to 2001 and Non-Executive Chairman of
ARCON from 2001 until earlier this year when that company merged with Lundin
Mining. He has been a Director of Providence since its foundation on demerger
from ARCON in 1997 and is currently its Deputy Chairman. He is a Non-Executive
Director of Lundin Mining, one of the world's biggest zinc producers. He joined
Wedgwood as Deputy Chief Executive in 2001 and became Chief Executive in 2002.
Brian Hillery, Chairman of Providence, said:
'Tony has over 15 years experience in the oil and gas sector through ARCON as an
executive and as a non-executive director of Providence and we are very pleased
that he is to manage and develop the business at this important stage in the
company's history. He has greatly assisted in building and maintaining the
Company's relations with strong international partners '
Tony O'Reilly Jnr added:
'I am very much looking forward to being able to focus full-time on Providence.
The company has never had a better environment in which to operate. There is
strong demand for new reserves of oil and gas and prices remain at near record
levels. Our recent listing on AIM, our 2005 appraisal drilling programme in the
Aje Field, offshore Nigeria and our prospects offshore Ireland and the UK,
provide great opportunities for Providence shareholders.'
ENDS
Contacts:
Providence Tel: +353 1 6675740
Dr. Brian Hillery Chairman
Tony O'Reilly Jnr. Chief Executive
Powerscourt Tel: +44 (0) 207 236 5615
Rory Godson Mob: +44 (0) 7909 926 020
Murray Consultants Tel: +353 1 4980300
Pauline McAlester
NOTES TO EDITORS
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.
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
This information is provided by RNS
The company news service from the London Stock Exchange
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