Providence, ExxonMobil and Sosina awarded new b...

Providence, ExxonMobil and Sosina awarded new blocks in 2007 Irish
                           Licensing Round


* 2 New Licence Areas Awarded Covering 13 blocks

* ExxonMobil to be Operator



Providence Resources Plc ("Providence") confirms that, along with its
partners, ExxonMobil  Exploration and  Production Ireland  (Offshore)
Limited ("ExxonMobil") and  Sosina Exploration  Limited (Sosina),  it
has been awarded two additional  licences in the Porcupine Basin  off
the west  coast  of Ireland.  The  Irish Government's  Department  of
Communications, Energy  and Natural  Resources 2007  Irish  Licensing
Round  results  were  announced  by  Eamon  Ryan  TD,  Minister   for
Communications, Energy and Natural Resources on 5 March 2008.

The licences are located  in water depths  exceeding 6,500 feet,  and
together comprise 13  blocks and  an area totaling  760,000 acres.  A
number of  potential  leads  have  been  identified  across  the  two
licences, including a prospect known as "Drombeg".

The new awards bring Providence's  and its partners' Porcupine  Basin
interest to 18 exploration blocks plus an option for an additional 15
blocks,  giving  ExxonMobil,  Providence   and  Sosina  an   expanded
exploration position  in  the  basin.  ExxonMobil  has  been  awarded
Operatorship of the two new licence  areas and will apply its  global
leadership geoscience  and deep  water drilling  capability to  these
Irish operations.

Commenting on  the  award, Tony  O'Reilly  Jnr., Chief  Executive  of
Providence said;

"We are very pleased to have been awarded these new licence areas  in
the Porcupine Basin. As in the past, we will evaluate these blocks in
conjunction with our partners,  in order to  assess whether the  area
warrants future drilling. We are particularly encouraged by the  work
to date  on the  Drombeg  feature, and  hope  that the  planned  work
programme will help to further mature this opportunity"

Contacts:

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

Powerscourt Tel: [phone]
Rory Godson/Marie Cairney

Murray Consultants Tel: [phone]
Pauline McAlester/Robert Marshall


About Providence

Providence Resources P.l.c. 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.


About the Licence Areas

1.) New Licence Areas:

Equity Ownership:
ExxonMobil Exploration and Production Ireland (Offshore) Limited  80%
(Operator)
Providence Resources P.l.c. 16%
Sosina Exploration Limited 4%
The 6 Drombeg blocks are 52/5, 52/10, 52/15, 53/1, 53/6 and 53/11.
The 7 Drombeg Extension blocks are 52/13 (part), 52/14, 52/18, 52/19,
52/20, 52/23 and 52/24 (part)

2.) Dunquin Licence Area (FEL3/04):

Equity Ownership:

ExxonMobil Exploration and Production Ireland (Offshore) Limited  80%
(Operator*)
Providence Resources P.l.c. 16%
Sosina Exploration Limited 4%
* Taking over  Operatorship from  Providence with  effect from  March
31st, 2008 (announced March 3rd, 2008)
The 5 Dunquin blocks are blocks 44/18, 44/23, 44/24, 44/29 and 44/30

3.) Goban Spur Licensing Option (LO06/1):

Equity Ownership:

ExxonMobil Exploration and Production Ireland (Offshore) Limited 80%
Providence Resources P.l.c. 16% (Operator)
Sosina Exploration Limited 4%
The 15 Goban Spur  blocks are 61/17, 18,  19, 20, 22, 23,  24 & 25  &
62/21 over the Goban Graben and Blocks 61/14, 15, 62/11, 16, 17, & 22
over the Goban Spur Basin

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