Completion of Sale of Interest in the AJE Field...

30(th) December 2011


           COMPLETION OF SALE OF INTEREST IN THE AJE FIELD, OML 113,
                                OFFSHORE NIGERIA


Providence Resources P.l.c., ('Providence') the London (AIM) and Dublin (ESM)
listed oil and gas exploration and production company, is pleased to confirm
that it has closed its transaction to divest its Nigerian subsidiary, which
holds its interest in OML 113 offshore Nigeria to Jacka Resources Limited,
("Jacka") an ASX-listed company. Under the terms of the transaction, the total
consideration payable by Jacka is $16 million, $10 million of which was paid at
Closing, with the balance of $6 million payable by 30 April 2012 with the
proceeds of the transaction being used to reduce a portion of the convertible
bond debt.


Contacts:

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


 Powerscourt                     Tel: [phone]
 Rob Greening/Lisa Kavanagh


 Murray Consultants              Tel: [phone]
 Pauline McAlester


 Cenkos Securities Plc           Tel: [phone]
 Adrian Hargrave/Nick Wells


 J&E Davy                        Tel: + 353 (0)1 679 6363
 Eugenee Mulhern/Stephen Barry




Notes to Editors

About Providence
Providence Resources Plc is an Irish based oil and gas exploration company
listed on the AIM market in London and on Dublin's ESM market. Providence's
portfolio of production, appraisal and exploration assets includes licence
interests in Ireland (offshore) and the United Kingdom (onshore). In 2011,
Providence announced plans to invest with its partners upwards of $500 million
in the drilling of a number of exploration and development wells in 6 different
basins offshore Ireland. This multi-year programme represents the largest
drilling campaign ever carried out offshore Ireland.www.providenceresources.com.


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, Exploration Manager 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.

SPE/WPC/AAPG/SPEE Petroleum Resource Management System 2007 has been used in
preparing this announcement






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Source: Providence Resources plc via Thomson Reuters ONE

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