AMEC Awarded ULYSSES Gas Storage Conceptual Study

17 September 2010
Embargo 7am


              AMEC AWARDED ULYSSES GAS STORAGE CONCEPTUAL STUDY


Providence Resources P.l.c. , ('Providence'), through its wholly owned
subsidiary EIRGAS Limited ('EIRGAS'), is pleased to announce that it has
selected international engineering and project management company AMEC to begin
a conceptual development study for the ULYSSES salt cavern gas storage project
in the Kish Bank Basin, offshore eastern Ireland.

The ULYSSES Project, which commenced in 2008, assessed the natural gas storage
and carbon sequestration potential of the Kish Bank Basin, offshore Dublin. The
study confirmed a site which may be suitable for the construction of an offshore
natural gas salt cavern storage facility.

AMEC, as a leading global provider of project management and engineering
services, has extensive experience of similar projects on and offshore where gas
is planned to be stored in deep undersea man-made salt caverns. The initial
phase of the study includes planning and gas sourcing and is expected to be
completed by Q1 2011.

Speaking today, John O'Sullivan, Technical Director of Providence, said:

"We are delighted to be working with AMEC on the ULYSESS project.  We believe
they will bring significant value to the project given their proven track record
in the delivery of many successfully operating gas storage projects in the UK.
This type of high deliverability multi-cycle storage facility could help to
underpin Ireland's significant installed wind generation capacity, whilst also
facilitating Ireland's security of supply requirements as specified by EU
directive."

Speaking today, John Pearson, Managing Director of AMEC's Europe and West Africa
business said:

"We are excited to be bringing our leadership and expertise in the development
of gas storage projects to this promising onshore and offshore development
which, if successful, will contribute to the security of supply for Ireland's
future energy needs."

Contacts:

 Providence Resources P.l.c.      Tel: [phone]
 Tony O'Reilly/John O'Sullivan


 Powerscourt                      Tel: [phone]
 Rob Greening/Lisa Kavanagh


 Murray Consultants               Tel: [phone]
 Pauline McAlester


 Cenkos Securities Plc            Tel: [phone]
 Joe Nally/ Nick Wells


 Davy                             Tel: + 353 (0)1 679 6363
 Eugenée Mulhern/ Stephen Barry



Notes to Editors:

About Providence
Providence Resources Plc is an independent oil and gas exploration company
listed on the AIM market in London and on Dublin's IEX market. 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 atwww.providenceresources.com.

About EIRGAS Limited
EIRGAS Limited is a SPV (special purpose vehicle) established by Providence to
invest in gas storage and CCS opportunities offshore Ireland and the United
Kingdom. EIRGAS is currently owned 100% by Providence.

About AMEC plc
AMEC (LSE: AMEC) is a focused supplier of high-value consultancy, engineering
and project management services to the world's natural resources, nuclear, clean
energy, water and environmental sectors. With annual revenues of over £2.5
billion, AMEC designs, delivers and maintains strategic and complex assets for
its customers.  The company employs some 23,000 people in around 40 countries
worldwide. Seewww.amec.com.

About the ULYSSES Project
The Undersea Large-scale Saline Sequestration and Enhanced Storage (or ULYSSES)
Project was designed to assess the potential use of Triassic aged saline
sandstone reservoir sequences as possible sites for carbon sequestration. The
presence of saline reservoirs which are located c. 1.5 km below the seabed
together with overlying sealing shale has been demonstrated in a number of oil
and gas exploration wells which have been drilled in the Kish Bank Basin over
the past c. 30 years. The project area is located approximately 20 km offshore
Dublin.

A similar offshore saline reservoir CO2 sequestration project known as Sleipner
has been successfully operated in the Norwegian North Sea by StatoilHydro since
1996. This project was designed to offset carbon tax liabilities estimated to be
c.US$50 million/year. StatoilHydro reported in April 2008 that it had already
sequestered 10 million tonnes of carbon dioxide since project start-up. Other
partners in the Sleipner Project include ExxonMobil and Total.

Kinsale Energy Limited operates Ireland's only gas storage facility at the SW
Kinsale Head field, offshore Cork. This facility, which has been operational
since 2001, has a storage capacity of 8 BSCF. The Irish Governmental Green Paper
on Energy recommends that Ireland should have at least 3 months of
reserve/storage capacity which equates to c. 45 BSCF.

Announcement
In accordance with the AIM Rules - Guidance for Mining and Oil & Gas Companies,
the information contained in this announcement has been reviewed and approved by
John O'Sullivan, Technical Director of Providence Resources P.l.c. John
O'Sullivan is a Geology graduate of University College Cork and holds a Masters
in Geophysics from The National University of Ireland, Galway. John also holds a
Masters in Technology Management from the Smurfit Graduate School of Business at
University College Dublin and is presently completing a dissertation leading to
a PhD in Geology at Trinity College, Dublin. John is a Fellow of the Geological
Society and a member of the Petroleum Exploration Society of Great Britain. He
has 20 years experience in the oil and gas exploration and production industry
and is a qualified person as defined in the guidance note for Mining Oil & Gas
Companies, March 2006 of the London Stock Exchange.


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