Providence Boosts Production at Vermillion 60

GULF OF MEXICO UPDATE

            PROVIDENCE BOOSTS PRODUCTION AT VERMILLION 60

*         Production Increase of 300 BOEPD Net

Providence Resources P.l.c., the London (AIM) and Dublin (IEX) listed
oil and gas exploration and production company, is pleased to
announce that it has successfully finished its re-completion
activities on its Vermillion 60 ("VR 60") field, in which it holds a
50% working interest. The Aries Marine Lift Vessel Ram VIII was used
to reenter the existing A7 well on the VR60 platform in order to
re-complete the well to the new production zone. This new zone has
excellent reservoir characteristics, with c. 20' net gas pay and
porosities of up to 30%.  The new zone is currently flowing at c. 5
MMSCFGD gross (or 300 BOEPD* net to Providence). Providence will
continue to monitor the production from this new zone in order to
maximise reserves recovery and gas production rates.


* Providence holds a 50% non-operated working interest with a 36.667%
net revenue interest in the field

Contacts:

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

Powerscourt
Tel: [phone]
Rory Godson/Elizabeth Rous

Murray      Consultants
            Tel: [phone]
Pauline McAlester

Cenkos Securities Plc
                                                      Tel: +44 207
387 8900
Joe Nally/Nick Wells

Davy

Tel: + 353 1 679 6363
Eugenee Mulhern/ Stephen Barry
About Providence

Providence Resources Plc  is an independent  oil and gas  exploration
and production 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, the United Kingdom, the  United States (Gulf of Mexico)  and
West Africa  (Nigeria). Providence's  portfolio is  balanced  between
production, appraisal  and  exploration  assets,  as  well  as  being
diversified geographically.
Further information on Providence and its oil and gas portfolio,
including Annual Reports are available from Providence's website at
www.providenceresources.com

About Vermillion 60

Vermillion 60 is located about 20 kilometres south of the Louisiana
and lies in about 40 feet of water. Providence holds a 50%
non-operated working interest with a 36.667% net revenue interest in
the field. The Vermillion 60 field was discovered in 1975 and
produces from lower Pliocene and Pleistocene sandstones. The field is
now mapped with 3D seismic and well control, and the current A7 well
was drilled in early 2007. The A7 well has already produced c. 1.5
BCF to date from previous zones. The new zone is expected to contain
up to c. 3 BCF of gross gas reserves. Further potential remains in
this well with multiple behind pipe gas reserve zones already
identified.

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 19 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.

Glossary of terms used

ALL FIGURES QUOTED ARE GROSS FIGURES, UNLESS OTHERWISE STATED

MMSCFGD                                           Million Standard
Cubic Feet of Gas per Day
BOEPD                                                Barrels of Oil
Equivalent per Day
BOE                                                     Barrels of
Oil Equivalent (1 BOE = 6,000 SCFG)
BSCF                                                   Billion
Standard Cubic Feet of Gas

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

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