PROVIDENCE ANNOUNCES IRELAND 2007 DRILLING PROG...

30 March 2007
                        PROVIDENCE ANNOUNCES
                   IRELAND 2007 DRILLING PROGRAMME

Providence, the  AIM (London)  and IEX  (Dublin) listed  oil and  gas
exploration and  production company,  is  today pleased  to  announce
details of its summer drilling programme in the Celtic Sea,  offshore
Ireland.

Using the  Petrolia semi-submersible  drilling  rig, which  has  been
secured for a 50 day drilling slot, Providence and its partners  have
elected to drill  an appraisal  well on the  crest of  the Hook  Head
prospect.

The Hook Head structure  is a large  mid-basinal anticline where  two
previous wells  have  successfully  encountered  hydrocarbon  bearing
sands. The original IRL50/11-1 discovery  well, which was drilled  by
Marathon in  1971,  logged  c.  100  feet  of  hydrocarbons  in  five
sandstone units of Lower Cretaceous age. The well was not flow-tested
due  to  severe  operational  issues  at  the  time.  The  subsequent
IRL50/11-2 appraisal well, which was drilled by Marathon in 1975  was
drilled as a delineation well at the down-dip edge of the structure.

Post-drill mapping  by  Marathon  indicates that  the  crest  of  the
structure is located  to the north-east  of the IRL50/11-1  discovery
well, which  is further  supported by  the seismic  data acquired  by
Providence in 2006. This crestal location  is some 2 km northeast  of
the IRL50/11-1 well and  is thought to be  c. 70 metres  structurally
higher than the  original well. The  most recent in-house  volumetric
estimates  suggest  that  the  Hook  Head  discovery  could   contain
prospective resources of up to c.70 MMBO or 250 BSCFG REC.

Commenting  on  today's  announcement,  Tony  O'Reilly  Jnr.,   Chief
Executive, said:
"I am delighted  to announce  that Providence and  its partners  have
agreed to  drill  Hook  Head  this summer.  This  well  is  not  only
important for  proving up  commercial quantities  of hydrocarbons  at
Hook Head, but  success here will  also open up  other fields in  the
Celtic Sea for  future development.  I look forward  to updating  you
further over the next few months on this very exciting programme".

Contacts:
Providence Resources P.l.c.
Tony O'Reilly Jnr., Chief Executive Tel: + 353 (1) 219 4074

Powerscourt Media
Victoria Brough Tel: + 44 (0) 207 236 5622

Murray Consultants
Pauline McAlester Tel: + 353 (1) 498 0300

Notes to Editors

About Providence

Providence Resources P.l.c. is an independent oil and gas exploration
company listed on AIM (London) and IEX (Dublin) markets. The  Company
was founded  in 1997,  but with  roots  going back  to 1981  when  it
predecessor company, Atlantic Resources Plc was formed by a group  of
investors led by Sir Anthony O'Reilly.

Providence's active  oil  and  gas portfolio  includes  interests  in
Ireland (offshore), the UK (onshore and offshore), the Gulf of Mexico
(USA) and West Africa  (offshore Nigeria). Providence's portfolio  is
balanced between  production, appraisal  and exploration  assets,  as
well as being diversified geographically.

Recent key corporate announcements include:

     * New Celtic Sea Licence 3/07, Positive OBS Survey (announced 28
       March, 2007)
     * Initial Farm out at Spanish Point (announced March 15th, 2007)
     * Celtic Sea Farm-out to Forest Gate Resources Inc. (announced
       Feb 23rd, 2007)
     * Celtic Sea Farm-out to DYAS and Atlantic Petroleum (announced
       Feb 7th, 2007)
     * Grant of Standard Exploration Licence 1/07 and 2/07 Ireland
       (announced Feb 6th, 2007)
     * Award of Licence in UK 24th Seaward Round (announced Feb 2nd,
       2007)
     * Providence makes oil and gas discovery in Gulf of Mexico
       (announced Jan 25th, 2007)
     * Award of Goban Spur Licencing Option with ExxonMobil & Sosina
       (announced Nov 1st 2006)
     * Secures Rig Slot for 2007 (announced Sept. 25th, 2006);
     * 20% Farm-out Deal agreed with CMI on Celtic Sea Licences
       (announced Sept 5th, 2006);
     * Completion of Dunquin Seismic (announced Aug. 8th, 2006);
     * Increased production at its Singleton oilfield (announced
       March 7th, 2006);
     * Dunquin Farm-out to ExxonMobil (announced on Feb 13th, 2006);
       and
     * ¤50 million Revolving Credit Finance Facility with Macquarie
       (announced on Feb 2nd, 2006);

Comprehensive  information  on  Providence   and  its  oil  and   gas
portfolio, including  its 2005  AIM Admission  document, 2005  Annual
Report, Interim  Report  2005  and  recent  press  releases  are  all
available from Providence's website at www.providenceresources.com

About Hook Head

Providence holds a  40% interest and  is operator of  SEL 2/07  which
contains the  Hook Head  prospect. Located  in the  North Celtic  Sea
Basin, in some 80 metres of water, the area is located some 60 km off
the coast. Providence's partners in this licence are: CMI 15%,  DYAS,
15%, Atlantic Petroleum 10%, ForestGate Resources Inc 15% and  Midmar
Energy Limited 5%.

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