Additional Licence Awarded to Providence, CMI a...

6 March 2008



 Additional Licence Awarded to Providence, CMI and Sosina at Spanish
                 Point in 2007 Irish Licensing Round


Providence Resources Plc ("Providence") confirms that, along with its
partners,  Challenger  Challenger   Minerals  (Celtic  Sea)   Limited
("CMCSL"), a subsidiary  of Transocean Inc.,  and Sosina  Exploration
Limited (Sosina), it has been awarded new licence acreage adjacent to
its Spanish  Point  acreage.  The Irish  Government's  Department  of
Communications, Energy and Natural Resources 2007 Irish
Licensing Round announced  the results of  their 2007 Irish  Frontier
Licensing Round on March 5th 2008.

Covering 4  blocks, this  licence area  is situated  adjacent to  the
Spanish Point Licence (FEL  2/04) which holds  the Spanish Point  gas
condensate accumulation and the Burren oil discovery. Providence will
operate this licence on behalf of  the partners. Plans are now  being
progressed to conduct a seismic survey on this new acreage.

Commenting on the award,  Mr Tony O'Reilly  jnr., Chief Executive  of
Providence said;  "This is  an important  development as  this  award
consolidates our  acreage position  around  the Spanish  Point  area,
which is currently the subject of a farm out programme."

Contacts:

Providence Resources P.l.c. Tel: [phone]
Tony O'Reilly Jnr., Chief Executive

Powerscourt Tel: [phone]
Rory Godson/Marie Cairney

Murray Consultants Tel: [phone]
Pauline McAlester/Robert Marshall


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 the Licence Areas

1.) New Licence Area:

Equity Ownership:
Providence Resources Plc 72% (Operator)
Sosina Exploration Limited 18%
Challenger Minerals (Celtic Sea) Limited10%
The 4 blocks are Blocks 35/2(part), 35/3(part), 35/4 and 35/7(part).

2.) Spanish Point Licence Area (FEL2/04):

Equity Ownership:
Providence Resources Plc 72% (Operator)
Sosina Exploration Limited 18%
Challenger Minerals (Celtic Sea) Limited 10%
The 2 Spanish Point blocks are blocks 35/8 and 35/9

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