BALTIMORE STUDY REVEALS SIGNIFICANT MARLIN GAS ...

24 September 2010
Embargo 7am

  * CRETACEOUS MARLIN EXPLORATION PROSPECT MAPPED WITH UP TO C. 74 BSCF OF
    RESOURCE POTENTIAL
  * PARTNERS GRANTED INCREASE TO LICENCE OPTION AREA TO INCLUDE MAPPED MARLIN
    EXTENSION

Providence Resources P.l.c., ("Providence") the Irish oil and gas exploration
and production company, whose shares are listed in London (AIM) and Dublin
(IEX), is pleased to provide a technical update on Licensing Option 10/01 (the
"Option") in the North Celtic Sea Basin, offshore Ireland which contains the
Baltimore heavy oil discovery. Providence (60%) operates the Licensing Option on
behalf of its partner Nautical Petroleum Plc ("Nautical"). Earlier this year,
Nautical acquired a 40% interest in the Option by agreeing to carry out a
specific work programme to assess the development feasibility of the Baltimore
oil discovery - this work is ongoing.

As part of the Nautical study, the Option and surrounding area were mapped using
available seismic data and this has revealed the new Marlin exploration prospect
which is located c. 10 km NW of the producing Kinsale Head gas field. This
structure, which is the same age as the primary producing reservoirs in the
Kinsale Head gas field, has been mapped to extend beyond the current Option
area. Accordingly, the Baltimore partners applied to the Minister for
Communications, Energy and Natural Resources for an increase in the area covered
by the Option to include the mapped extension of the Marlin prospect into open
acreage.  Geological modeling of the Marlin prospect suggests that it is likely
to be gas charged with a total resource potential of up to c. 74 BSCF.

Commenting, John O'Sullivan, Technical Director of Providence said:

"We are excited about this new exploration prospect as it is in the same
geological setting as other proven producing fields in the region and it is very
close to the Kinsale Head production facilities. In particular, the Marlin
prospect demonstrates striking similarities to the nearby Ballycotton gas field,
which is a highly successful offshore development."

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 ESM 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 Nautical Petroleum
Nautical Petroleum plc is developing significant heavy oil resources in the
United Kingdom Continental Shelf (UKCS) and in Europe. They operate the Kraken
discovery and hold a 35% interest. They are also a 26.67% partner in the Statoil
operated Mariner discovery. In addition, they hold significant equity interests
in number of exploration and appraisal blocks in the UKCS and France. Their aim
is to secure further heavy oil discoveries in the UKCS and EU through
acquisitions, farmins and licensing rounds. More information on Nautical can be
found onwww.nauticalpetroleum.com

Announcement
This announcement has been reviewed by John O'Sullivan, Technical Director,
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 a 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 20 years and is a fellow of the Geological
Society of London and the Petroleum Exploration Society of Great Britain.
Definitions in this press release are consistent with SPE guidelines.



[HUG#1446587]








This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
    
Source: Providence Resources plc via Thomson Reuters ONE