CELTIC SEA 2007 DRILLING UPDATE

PROVIDENCE RESOURCES P.L.C.
                   CELTIC SEA 2007 DRILLING UPDATE

* SITE SURVEY NOW COMPLETED
* HOOK HEAD DRILLING CONFIRMED FOR AUGUST 2007


Providence, the  AIM (London)  and IEX  (Dublin) listed  oil and  gas
exploration and production  company, is pleased  to announce that  it
has completed  site  surveying in  preparation  for its  Summer  2007
Celtic Sea  drilling  programme.  Using the  R.V.  Ocean  Researcher,
Gardline Geosurveys Ltd  carried out  the site survey  over two  well
locations on the Hook Head structure.

Providence is also pleased  to confirm that it  has now been  advised
that  Island   Oil  and   Gas   plc  has   taken  delivery   of   the
semi-submersible drilling rig, Petrolia, which they have secured  for
operating their summer drilling programme. As per its agreement  with
Island, Providence and its  partners now expect  to take delivery  of
the Petrolia  rig at  the beginning  of August  2007, when  a  50-day
drilling programme over Hook Head in the Celtic Sea will commence.

Commenting  on  today's  announcement,  Tony  O'Reilly  Jnr.,   Chief
Executive of Providence Resources P.l.c., said:

"I am  pleased  that we  have  now successfully  completed  our  site
surveys and that all aspects of the summer drilling programme can now
be finalised. This will be a very exciting period for Providence  and
I look forward to updating you further over the next few months."

Contacts:
Providence Resources P.l.c.
Tony O'Reilly Jnr., Chief Executive Tel: + 353 (1) 219 4074

Powerscourt Media
Victoria Brough Tel: + 44 (0) 207 250 1446

Murray Consultants
Pauline McAlester Tel: + 353 (1) 498 0300

Notes to Editors
About Providence
Providence Resources P.l.c. is an independent oil and gas exploration
company traded  on the  AIM (London)  and IEX  (Dublin) markets.  The
Company was founded in 1997, but  with roots going back to 1981  when
its 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), the Gulf of Mexico
(USA) and West Africa  (offshore Nigeria). Providence's portfolio  is
balanced between  production, appraisal  and exploration  assets,  as
well as being diversified geographically.
Recent key corporate announcements include:

     * Preliminary Results for the Period ended 31st December, 2006
       (announced April 18th, 2007)
     * Placing of 368.2 million new Ordinary Shares to raise ¤25.774
       million (US$34.6 million) (announced April 11th, 2007)
     * Extension to Apollo Licensing Option 05/03, St. George's
       Channel (announced April 5th, 2007)
     * Acquisition of Majority Stake in Singleton (announced April
       2nd, 2007)
     * Ireland 2007 Celtic Sea Drilling Programme (announced March
       30th, 2007)
     * Celtic Sea Licence 3/07, OBS Survey & 3 Farm ins (announced
       March 28th, 2007)
     * Initial Farm out at Spanish Point (announced March 15th, 2007)
     * Celtic Sea Farm-out to Forest Gate Resources Inc. (announced
       Feb 23rd, 2007)
     * Celtic Sea Farm-out to DYAS and Atlantic Petroleum (announced
       Feb 7th, 2007)
     * Grant of Irish Standard Exploration Licence 1/07 & 2/07
       (announced Feb 6th, 2007)
     * Award of Licence in UK 24th Seaward Round (announced Feb 2nd,
       2007)
     * Providence makes oil and gas discovery in Gulf of Mexico
       (announced Jan 25th, 2007)
     * Award of Goban Spur Licencing Option with ExxonMobil & Sosina
       (announced Nov 1st 2006)
     * Secures Rig Slot for 2007 (announced Sept. 25th, 2006)
     * 20% Farm-out Deal agreed with CMI on Celtic Sea Licences
       (announced Sept 5th, 2006)
     * Completion of Dunquin Seismic (announced Aug. 8th, 2006)
     * Increased production at its Singleton oilfield (announced
       March 7th, 2006)
     * Dunquin Farm-out to ExxonMobil (announced on Feb 13th, 2006)
       and
     * ¤50 million Revolving Credit Finance Facility with Macquarie
       (announced on Feb 2nd, 2006).

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

About Hook Head
Providence holds a 40% interest and is operator of SEL 2/07 in the
Celtic Sea which contains the Hook Head Prospect. In September 2006,
the Company announced that it had successfully secured a 50-day slot
on the Petrolia Rig for Summer 2007 drilling in the Celtic Sea.
Subsequently, the Company announced a series of farm-outs to industry
partners  (comprising Challenger Minerals Inc, PF Atlantic Petroleum,
ForestGate Resources Inc and Dyas BV), diluting its equity stake in
the Licence from 95% to 40%.

The Hook Head structure is a large mid-basinal anticline where two
previous wells have successfully encountered hydrocarbon-bearing
sands. The original IRL50/11-1 discovery well, which was drilled by
Marathon in 1971, logged c. 100 feet of hydrocarbons in five
sandstone units of Lower Cretaceous age. The well was not flow-tested
due to severe operational issues at the time. The subsequent
IRL50/11-2 appraisal well, which was drilled by Marathon in 1975, was
drilled as a delineation well at the down-dip edge of the structure.

Post-drill mapping  by  Marathon  indicated that  the  crest  of  the
structure is located  to the north-east  of the IRL50/11-1  discovery
well, which  is further  supported by  the seismic  data acquired  by
Providence in 2006. This crestal location  is some 2 km northeast  of
the IRL50/11-1 well and  is thought to be  c. 70 metres  structurally
higher than the  original discovery  well. The  most recent  in-house
volumetric estimates  suggest  that  the Hook  Head  discovery  could
contain contingent resources of up to c.70 MMBO or 250 BSCFG.

Sub-surface work continues on the other prospects contained within
Licence 2/07 (Ardmore, Helvick and Dunmore) and subject to the
results of the Hook Head appraisal well, certain integrated
development options may be pursued.

---END OF MESSAGE---