Providence Contracts 3D Seismic Vessel for Surv...

22 March 2011
Embargo 7am


      PROVIDENCE CONTRACTS 3D SEISMIC VESSEL FOR SURVEY IN PORCUPINE BASIN


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 announce that it has, on behalf of itself and its partners,
signed a contract with Polarcus Limited (OAX: PLCS) for a 3D seismic acquisition
project in the Porcupine Basin, offshore Ireland. The 200 km2 survey is planned
to commence in Q3 2011 and is expected to run for approximately 15 days.
Providence operates Frontier Exploration Licence (FEL) 4/08 (32%) on behalf of
its partners Chrysaor E&P Ireland Limited (60%) and Sosina Exploration Limited
(8%).


Contacts:
 Providence Resources Plc              Tel: [phone]
 John O'Sullivan, Technical Director


 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
 Stephen Barry




EXPLANATORY NOTES

About Providence
Providence Resources Plc is Irish based oil and gas exploration and production
company listed on AIM (London) and ESM (Dublin). Providence's portfolio includes
extensive licence interests in Ireland (offshore), the U.K. (onshore and
offshore), the U.S.A. (offshore) and West Africa (offshore Nigeria). Providence
recently announced a multi-year, multi-well offshore drilling campaign to cover
the six basins in which the Company has licence interests offshore Ireland.
Providence and partners plan to invest upwards of $500 million in the drilling
of 10 exploration and development wells, with first drilling planned to commence
later in 2011. This programme represents the largest drilling campaign ever
carried out offshore Ireland. Comprehensive information (press releases and
Company reports) are available atwww.providenceresources.com.

About Polarcus
Polarcus is a pure play marine geophysical company with a pioneering
environmental agenda, specializing in high-end towed streamer data acquisition
from Pole to Pole. Polarcus is launching a fleet of modern 3D seismic vessels
using the innovative ULSTEIN X-BOW® design and incorporating advanced maritime
technologies for improved operational efficiency with a reduced environmental
footprint. Polarcus offers contract seismic surveys and multi client projects
worldwide and has its principal office in Dubai, United Arab Emirates. For more
information, visitwww.polarcus.com

About This 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. Definitions in this press release are consistent with SPE
guidelines.

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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