PROVIDENCE AWARDED NEW LICENSING OPTION IN CELT...

PROVIDENCE AWARDED NEW LICENSING OPTION IN CELTIC SEA

           Licensing Option 07/1 is adjacent to Hook Head

Providence Resources Plc, the AIM and IEX listed company, together
with its Celtic Sea Partners, is pleased to announce that it has been
granted a Licensing Option over part-blocks 49/15, 50/7, 8, 11, 12 &
13 in the North Celtic Sea Basin, offshore Ireland by the Minister of
Communications, Energy and Natural Resources.

This new Licensing Option has a term of 1 year and covers an area of
some 375 square kilometers. The Option is situated in an area
immediately adjacent to Hook Head (held under SEL 2/07), where
Providence and its partners are currently testing the successfully
drilled 50/11-3 appraisal well. The area contains a number of
significant mapped leads and prospects at a similar level to those,
which are hydrocarbon-bearing in the Hook Head Structure.

The partners in this Licensing Option and their equity interests are*
Providence Resources Plc (Operator) 43.5294%, Challenger Minerals
(Celtic Sea) Limited 16.3235%, Dyas BV 16.3235%, Atlantic Petroleum
(Ireland) Limited 10.8824%, Forest Gate Resources Inc. 7.5% and
Sosina Exploration Limited 5.4412%.

* Subject to Ministerial consent

Commenting on the announcement, Mr Tony O'Reilly, Chief Executive
said:

"As a result of our regional mapping, Providence and its partners
identified a number of undrilled structures adjacent to the Hook Head
exploration licence. Following our decision to drill the 50/11-3 Hook
Head appraisal well earlier this year, we decided to make an
application for a Licensing Option over this area.

In light of the 50/11-3 Hook Head well results to date, we believe
that the Option area offers possible further significant hydrocarbon
potential, which may compliment any future development of the Hook
Head discovery. We will now await the outcome of the testing
programme of the Hook Head well in order to progress our work
programme in this adjacent area."

Contacts:

Providence Resources Plc                 Tel: [phone]
Tony O'Reilly Jnr., Chief Executive

Powerscourt                                          Tel: +44  (0)207
250 1446
Rory Godson/Elizabeth Rous

Murray Consultants                             Tel: [phone]
Pauline McAlester

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. The Company was founded in 1997, but with roots going back to
1981 when it 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 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 at
www.providenceresources.com

Hook Head, SEL 2/07
The Celtic Sea partners and their equity interests* in SEL 2/07 are:
Providence Resources Plc (Operator) 43.5294%, Challenger Minerals
(Celtic Sea) Limited 16.3235%, Dyas BV 16.3235%, Atlantic Petroleum
(Ireland) Limited 10.8824%, Forest Gate Resources Inc. 7.5% and
Sosina Exploration Limited 5.4412%. Providence and its partners are
currently involved in a testing programme on the 50/11-3 well.

*Subject to Ministerial consent

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