Providence Announces 2010 Singleton Drilling Pr...

25 June 2010
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             PROVIDENCE ANNOUNCES 2010 SINGLETON DRILLING PROGRAMME

  * TWO WELL DRILLING PROGRAMME CONFIRMED


  * BDF-28 DRILLING RIG SECURED FOR Q3 2010 SPUD DATE


  * WELLS EXPECTED TO PROVIDE c. 350 BOEPD OF ADDITIONAL PRODUCTION


Providence Resources P.l.c., ('Providence') the Irish oil and gas exploration
and production company, whose shares are listed in London (AIM) and Dublin
(ESM), is pleased to confirm its 2010 drilling programme at the Singleton field,
onshore UK. The Singleton field is located in the Weald Basin and currently
produces c. 800 BOEPD from seven production wells. The field is operated by
Providence (99.125%) with partner Noble Energy (0.8725%).

The 2010 drilling programme comprises the sidetracking of the X9 well to a new
and more optimal location together with the addition of two new lateral sections
to the currently producing X8x well, potentially providing c. 350 BOEPD of
additional cumulative production. In addition, the new X9 sidetrack well has
been designed for future acid fracture stimulation, thereby providing further
incremental production potential. Providence has secured the BDF-28 drilling rig
with a planned spud date during Q3 2010.

Speaking today, Tony O'Reilly, Chief Executive of Providence, said:

"Following our highly successful 2009 Singleton drilling programme, the 2010
activity is again aimed at materially increasing production rates as well as
evaluating the potential of fracture stimulation and multi-lateral well
technology. This drilling programme should not only boost daily production rates
by over 40%, but it should also allow us to assess the impact of new production
technologies at Singleton which are expected to form the cornerstone of our
field redevelopment activities during the coming years.

Separately, despite recent events in the Gulf of Mexico, I can confirm that
normal production rates continue from our portfolio of producing interests in
that region".


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 SINGLETON
The Singleton oil field is located 7 km north of Chichester in onshore licence
PL 240 in the Weald Basin, South of England. The field consists of two east west
trending elongate horst blocks divided by a narrow graben. The wells produce
from the Jurassic-aged Great Oolite formation, consisting predominantly of
oolitic grainstones deposited during transgressive/regressive episodes. Since
production commenced in 1989, the field has produced c. 3.7 MMBO, which
represents a recovery factor to date of c. 3.5%. Published data from similar
fields in the area suggest an ultimate recovery factor of up to c.10% should be
achievable. Recent studies (2008) suggested an original oil in-place resource of
up to c.107 MMBO, a 50% increase over previous estimates which indicates that
there is up to c. 7 MMBO of potential remaining reserves. The produced oil is a
37o API gravity crude and is trucked to the Holybourne rail terminal.

GLOSSARY OF TERMS USED
All figures quoted are gross figures, unless otherwise stated
BOE Barrels of Oil Equivalent
BOPD Barrels of Oil per Day
BOEPD Barrels of Oil Equivalent per Day
MMBO Millions of Barrels of Oil
STOIIP Stock Tank Oil Initially In Place

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#1427167]








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