Providence Resources PLC
08 September 2005
Providence
Resources P.l.c.
8 September 2005
Providence Resources P.l.c. ('Providence' or 'the Company')
Providence Awarded 25% Interest in UK Offshore Block
in 23rd Round Licencing Awards
Providence Resources P.l.c. is pleased to announce that the UK Department of
Trade and Industry has awarded Providence (through its 100% UK subsidiary) a 25%
interest in Block 210/19(p). The Block forms part of the UK 23rd Seaward
Licensing Round awards.
The block is located in Northern North Sea 500 kilometers north east of Aberdeen
close to the existing Shell-operated Tern field and is contiguous with
Providence's previously awarded 22nd Round acreage (P1197).
Detailed evaluation of existing 3D seismic data over the area has revealed the
presence of a number of Upper Jurassic Magnus-age oil prospects within the
existing P1197 licence. These oil prospects also trend into the new licence in
Block 210/19(p). Providence's partners in the Block are Midmar Energy (55%,
Operator) and Sosina Exploration (20%).
Contacts:
Providence
Tony O'Reilly Jnr. Chief Executive Tel: +353 1 667 5740
Powerscourt Tel: +44 (0) 207 236 5615
Rory Godson Mob:+44 (0) 7909 926 020
Victoria Brough Mob:+44 (0) 7967 044 840
Murray Consultants
Pauline McAlester Tel: +353 1 498 0300
NOTES TO EDITORS
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.
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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