Providence Commences Production from New US Off...

PROVIDENCE COMMENCES PRODUCTION FROM NEW US OFFSHORE GAS FIELD


*         GALVESTON ISLAND A-155 SUCCESSFULLY BROUGHT ONLINE


Providence Resources P.l.c., the AIM (London) and IEX (Dublin) listed
oil and gas exploration and production company, is pleased to
announce that its new Galveston Island A-155 gas field in the U.S.
Gulf of Mexico has been successfully brought online with first gas
sales occurring on Friday 28th of August. This new field, which is
located c.100 kilometres off the US coast and in which Providence
holds a non-operated 10.8% working interest, underwent a fast-track
development with first gas achieved within 17 months of discovery.
The field has been developed with a dedicated unmanned production
platform connected to a new 30km long gas export pipeline.

Speaking today, Tony O'Reilly, Chief Executive of Providence, said:

"Whilst the 2008 hurricane season severely impacted operations in the
Gulf of Mexico, we are pleased to confirm that commencement of
production from Galveston Island  has been achieved within 17 months
of discovery. The successful development of Galveston Island A-155 is
in line with our stated objective to grow our production in the US
Gulf of Mexico."



Contacts:

Providence Resources P.l.c
Tony O'Reilly, Chief Executive
                                        Tel: + 353 (1) 2194074

Powerscourt Media
Elizabeth Rous/ Rory Godson
Tel: [phone]

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 the AIM market
in London and on Dublin's IEX market. 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
United Kingdom (onshore and offshore), the United States (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 all press releases, annual reports and interim reports are
available from Providence's website at
www.providenceresources.com.

About Galveston Island A-155

The Galveston Island A-155 discovery well was drilled using the Blake
303 jack-up drilling rig. The well is
located in c. 180 ft water depth and was drilled to a total depth of
c. 5365' TVDSS (true vertical depth
subsea). The main reservoir interval is a sandstone unit located at
c. 4920' TVDSS. Initial interpretation of
the log data suggests that the well has encountered a c.50' net pay
interval of high quality 27% porosity
sands which are normally pressured. The Galveston Island A-155
project is being operated by Peregrine Oil and Gas. Other partners
include Challenger Minerals, UI Energy & HRB Oil & Gas.

Review

This announcement has been reviewed by John O'Sullivan, Exploration
Manager, Providence Resources
P.l.c. John holds a B.Sc. in Geology from University College Cork,
Ireland, an M.Sc. in Applied
Geophysics from the National University of Ireland, Galway and an
M.Sc.in Technology Management from The Smurfit School of Business at
University College Dublin. John is presently working part-time on a
PhD dissertation at Trinity College, Dublin. John has worked in the
offshore business for 19 years and is a fellow of the Geological
Society of London and member of the Petroleum Exploration Society of
Great Britain. John is a qualified person as defined in the guidance
note for Mining Oil & Gas Companies, March 2006 of the London Stock
Exchange. Definitions in this press release are consistent with SPE
guidelines.


+-------------------------------------------------------------------+
| Asset          | Location   | Operator    | %       | Type        |
|----------------+------------+-------------+---------+-------------|
| IRELAND        |            |             |         |             |
|----------------+------------+-------------+---------+-------------|
| Pegasus        | NE Celtic  | Providence  | 100.0%  | Oil and gas |
|                | Sea        |             |         | exploration |
|----------------+------------+-------------+---------+-------------|
| Orpheus        | NE Celtic  | Providence  | 100.0%  | Oil and gas |
|                | Sea        |             |         | exploration |
|----------------+------------+-------------+---------+-------------|
| Dionysus       | NE Celtic  | Providence  | 100.0%  | Oil and gas |
|                | Sea        |             |         | exploration |
|----------------+------------+-------------+---------+-------------|
| Dragon (part)  | NE Celtic  | Marathon    | c.25.0% | Gas         |
|                | Sea        |             |         | development |
|----------------+------------+-------------+---------+-------------|
| Hook Head      | Celtic Sea | Providence  | 72.5%   | Oil & Gas   |
|                |            |             |         | discovery   |
|----------------+------------+-------------+---------+-------------|
| Dunmore        | Celtic Sea | Providence  | 72.5%   | Oil         |
|                |            |             |         | discovery   |
|----------------+------------+-------------+---------+-------------|
| Helvick        | Celtic Sea | Providence  | 72.5%   | Oil & Gas   |
|                |            |             |         | discovery   |
|----------------+------------+-------------+---------+-------------|
| Ardmore        | Celtic Sea | Providence  | 72.5%   | Gas         |
|                |            |             |         | Discovery   |
|----------------+------------+-------------+---------+-------------|
| Blackrock      | Celtic Sea | Providence  | 72.5%   | Oil         |
|                |            |             |         | discovery   |
|----------------+------------+-------------+---------+-------------|
| Barryroe       | Celtic Sea | Lansdowne   | 30.0%   | Oil & Gas   |
|                |            |             |         | discovery   |
|----------------+------------+-------------+---------+-------------|
| Spanish Point  | Porcupine  | Providence  | 56.0%   | Gas         |
|                | Basin      |             |         | development |
|----------------+------------+-------------+---------+-------------|
| Burren         | Porcupine  | Providence  | 56.0%   | Oil         |
|                | Basin      |             |         | discovery   |
|----------------+------------+-------------+---------+-------------|
| FEL 4/08       | Porcupine  | Providence  | 56.0%   | Oil and gas |
|                | Basin      |             |         | exploration |
|----------------+------------+-------------+---------+-------------|
| Dunquin        | Porcupine  | ExxonMobil  | 16.0%   | Oil and gas |
|                | Basin      |             |         | exploration |
|----------------+------------+-------------+---------+-------------|
| Drombeg        | Porcupine  | ExxonMobil  | 16.0%   | Oil and gas |
|                | Basin      |             |         | exploration |
|----------------+------------+-------------+---------+-------------|
| Newgrange      | Goban Spur | Providence  | 16.0%   | Oil and gas |
|                | Basin      |             |         | exploration |
|----------------+------------+-------------+---------+-------------|
| Cuchulain      | Porcupine  | ENI         | 3.2%    | Oil and gas |
|                | Basin      |             |         | exploration |
|----------------+------------+-------------+---------+-------------|
| Kish Bank      | Kish Bank  | Providence  | 50.0%   | Oil and gas |
|                | Basin      |             |         | exploration |
|----------------+------------+-------------+---------+-------------|
|                |            |             |         |             |
|----------------+------------+-------------+---------+-------------|
| UNITED KINGDOM |            |             |         |             |
|----------------+------------+-------------+---------+-------------|
| Singleton      | Onshore    | Providence  | 99.1%*  | Oil and gas |
|                |            |             |         | production  |
|----------------+------------+-------------+---------+-------------|
| Baxter's Copse | Onshore    | Providence  | 50.0%   | Oil         |
|                |            |             |         | discovery   |
|----------------+------------+-------------+---------+-------------|
| Burton Downs   | Onshore    | Providence  | 50.0%   | Oil and gas |
|                |            |             |         | exploration |
|----------------+------------+-------------+---------+-------------|
|                |            |             |         |             |
|----------------+------------+-------------+---------+-------------|
| *99.125%       |            |             |         |             |
|----------------+------------+-------------+---------+-------------|
|                |            |             |         |             |
|----------------+------------+-------------+---------+-------------|
| UNITED STATES  |            |             |         |             |
|----------------+------------+-------------+---------+-------------|
| High Island A  | Gulf of    | Peregrine   | 5.0%    | Oil and gas |
| 268            | Mexico     |             |         | production  |
|----------------+------------+-------------+---------+-------------|
| Galveston A    | Gulf of    | Peregrine   | 10.8%   | Gas         |
| 155            | Mexico     |             |         | production  |
|----------------+------------+-------------+---------+-------------|
| Ship Shoal     | Gulf of    | SPN         | 50.0%   | Oil and gas |
| 252/253/267*   | Mexico     |             |         | production  |
|----------------+------------+-------------+---------+-------------|
| Main Pass 19   | Gulf of    | Petsec      | 45.0%   | Oil and gas |
|                | Mexico     |             |         | production  |
|----------------+------------+-------------+---------+-------------|
| East Cameron   | Gulf of    | SPN         | 12.5%   | Gas         |
| 257            | Mexico     |             |         | production  |
|----------------+------------+-------------+---------+-------------|
| West Cameron   | Gulf of    | Mariner     | 32.5%   | Gas         |
| 333            | Mexico     |             |         | production  |
|----------------+------------+-------------+---------+-------------|
| Vermillion 60  | Gulf of    | SPN         | 50.0%   | Gas         |
|                | Mexico     |             |         | production  |
|----------------+------------+-------------+---------+-------------|
| Ridge          | Onshore    | Brammer     | 30.0%   | Gas         |
|                | Louisiana  |             |         | production  |
|----------------+------------+-------------+---------+-------------|
| Main Pass 89** | Gulf of    | Beryl       | 17.5%   | Gas         |
|                | Mexico     |             |         | production  |
|-----------------------------+-------------+---------+-------------|
|                             |             |         |             |
|-----------------------------+-------------+---------+-------------|
| * Earned interest through   |             |         |             |
| well bore                   |             |         |             |
|-----------------------------+-------------+---------+-------------|
| ** Back-in rights for 25%   |             |         |             |
| of 70% after pay out        |             |         |             |
|-----------------------------+-------------+---------+-------------|
|             |               |             |         |             |
|-------------+---------------+-------------+---------+-------------|
| NIGERIA     |               |             |         |             |
|-------------+---------------+-------------+---------+-------------|
| AJE, OML    | Offshore      | YFP/Chevron | 5.0%    | Oil and gas |
| 113         | Nigeria       |             |         | development |
+-------------------------------------------------------------------+

---END OF MESSAGE---




This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.