Singleton Field Update

Embargo 7:00am
21 April 2011

                             SINGLETON FIELD UPDATE


  * X11 HORIZONTAL WELL HAS COMMENCED PRODUCTION


  * SIGNIFICANT INCREASE IN RESERVE  BASE AT SINGLETON


  * RIG PROCUREMENT COMMENCED FOR 2011 DRILLING CAMPAIGN


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 that its Singleton X11 development well has
commenced production. This new well, together the recently completed X8v lateral
development well, formed part of the company's 2010 drilling programme at the
Singleton field, onshore UK. The Singleton field is located in the Weald Basin
in the south of England and is operated by Providence (99.125%) with partner
Noble Energy (0.8725%).

The X11 horizontal development well was recently brought on-stream at an initial
rate of c. 200 BOEPD (c. 150 BOPD & c. 300 MSCFGD), which is in-line with pre-
drill expectations. The X11 well design has been optimized for stimulation and
plans are currently being progressed to carry out an acid fracture operation
during Q2/3 2011 to increase production rates further. The X8v dual lateral well
is currently being prepared for stimulation. The previously producing X8x
section of the well has already been stimulated and it is planned to bring the
well back into production in early May.

An updated Singleton third party reserve audit has been carried out by Collarini
& Associates, incorporating the results of the 2010 multi-well programme. The
updated audit reports 7.7 MMBO of 2P net oil reserves at Singleton as of 1st
March 2011. This is an increase of 44% in 2P oil reserves when compared to the
previous report from 1st January 2010. A copy of the letter from Collarini &
Associates summarising the reserve report will be posted on Providence's
website.

Providence will continue the re-development of the Singleton oilfield with
further drilling planned in 2011. The company is currently in discussion with
rig operators in advance of plans to spud a development well on Singleton later
this year.


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/Pauline Dooley


 Cenkos Securities Plc              Tel: [phone]
 Nick Wells/Adrian Hargrave


 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) 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 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. Normalised field production is up to  750 BOEPD, with oil
rates of up to 600 BOPD and the balance being associated gas production (note:
before the inclusion of production from the new wells.) The produced oil is a
37o API gravity crude and is trucked to the Holybourne rail terminal. The 2010
Singleton drilling programme comprised the sidetracking of the X9 well (the X11
well) to a new and more optimal location together with the addition of a new
lateral section to the currently producing X8x well.

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.

TERMS USED

All figures quoted are gross figures, unless otherwise stated

BOPD                 Barrels of Oil per Day
BOEPD                 Barrels of Oil Equivalent per Day
MSCGPDThousand Cubic Feet of Gas per Day
MMBO                 Millions of Barrels of Oil
STOIIP                 Stock Tank Oil Initially In Place
2P                Proven plus Probable Reserves






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Source: Providence Resources plc via Thomson Reuters ONE

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