AGM Statement

20th June 2006
                     Providence Resources P.l.c.
                   ("Providence" or "the Company")
                       Annual General Meeting

At Providence's Annual General Meeting  held this morning in  Dublin,
shareholders were up-dated on the Company's oil and gas portfolio, as
follows:

  * The Company has now finalised the 2006 work programme on Dunquin
    with ExxonMobil under the terms of its farmout agreement. A 2-D
    seismic programme is scheduled to commence next month, with
    Providence as Operator. Shareholders will be kept informed and
    another announcement will be made in due course.

  * An extensive study has now been completed on the development
    options for Spanish Point and the opening of a Data Room in May
    is accommodating the ongoing commercial and farmout discussions.

  * An application has been lodged by a consortium, of which
    Providence is a member, for acreage under the UK 24th Seaward
    Licencing Round.

  * In the Celtic Sea - St. George's Channel Licence area, Gardline
    Surveys Limited have been given a Letter of Intent to carry out
    2-D seismic surveys over the Ardmore, Hook Head, Pegasus and
    Blackrock targets.

  * The current average daily production from Singleton has increased
    by 55% to 670 BOPD and 690 MSCF gas/day *.

  * Providence is currently reviewing a number of production and
    acquisition opportunities around the world.

All resolutions  proposed  for  consideration  at  today's  AGM  were
approved by shareholders.
Addressing shareholders, Dr. Brian  Hillery, Chairman of  Providence,
said:

"I am pleased with the substantial progress that the Company has made
over the last  12 months, which  saw the delivery  by our  management
team of a  number of  our key strategic  initiatives, including:  the
successful  farmout  of  the  Dunquin  Prospect  to  ExxonMobil   and
subsequent agreement of a 2006 work programme; the securing of a  ¤50
million financing facility  with Macquarie; and  the completion of  a
major study on Spanish Point and opening of a Data Room  highlighting
the development options for this significant gas condensate field.

"The  increased   production   from  Singleton   is   very   welcome,
particularly with  current oil  and  gas prices.  I look  forward  to
reporting further developments in the months ahead, as we continue to
deliver on our stated  strategy of achieving  a balanced and  diverse
portfolio of assets".
* As at 13th June 2006.

Contacts:
Providence Resources Plc Tel: [phone]
Tony O'Reilly Jnr. Chief Executive

Powerscourt Tel: [phone]
Rory Godson/Victoria Brough

Murray Consultants Tel: [phone]
Pauline McAlester

Notes to Editors
Providence Resources Plc  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  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.

Recent corporate announcements include  Annual Results (announced  on
May  17th,  2006),  Dunquin  Farm-out  to  ExxonMobil  (announced  on
February 13th, 2006), a ¤50 million Revolving Credit Finance Facility
with Macquarie Bank (announced on  February 2nd, 2006) and  increased
production at its Singleton oilfield (announced March 7th, 2006).

Comprehensive  information  on  Providence   and  its  oil  and   gas
portfolio, including the AIM  Admission document, Annual Report  2004
and Interim Report 2005 are  all available from Providence's  website
at www.providenceresources.com

Glossary of technical terms used in this announcement
BOPD - Barrels of oil per day
MSCF - Thousand standard cubic feet of gas

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