Operational Update - Dunquin Well Commitment
(Thomson Reuters ONE) - OPERATIONAL UPDATE DUNQUIN WELL COMMITMENTProvidence Resources P.l.c., ('Providence') the London (AIM) andDublin (IEX) listed oil and gas exploration and production company,is pleased to provide an update on its Dunquin licence interest.Providence has been advised by the Operator, ExxonMobil Explorationand Production Ireland (Offshore) Limited, that the FrontierExploration Licence 3/04 ('Dunquin') partners (ExxonMobil Explorationand Production Ireland (Offshore) Limited, Eni, Providence andSosina) have notified the Irish Department of the Communications,Energy and Natural Resources that they have elected to enter thesecond phase of the licence. This second phase carries a firm wellcommitment within the Dunquin licence.Contacts:Providence Resources Plc Tel:+353 1 2194074Tony O'Reilly, Chief ExecutivePowerscourt Tel: +44 207 250 1446Rory Godson/Elizabeth RousMurray ConsultantsTel: +353 1 498 0300Pauline McAlesterAbout FEL 3/04Providence holds a non-operated 16% interest in FEL 3/04 with itspartners ExxonMobil Exploration and Production Ireland (Offshore)Limited (40%), Eni (40%) and Sosina Exploration (4%). Located in thePorcupine Basin off the west coast of Ireland, FEL 3/04 covers anarea of 6 blocks. ExxonMobil is the licence Operator.About ProvidenceProvidence Resources Plc is an independent oil and gas explorationand production company listed on the AIM market in London and onDublin's IEX market. The Company was founded in 1997, but with rootsgoing back to 1981 when it predecessor company, Atlantic ResourcesPlc was formed by a group of investors led by Sir Anthony O'Reilly.Providence's active oil and gas portfolio includes interests inIreland, the United Kingdom, the United States (Gulf of Mexico) andWest Africa (Nigeria). Providence's portfolio is balanced betweenproduction, appraisal and exploration assets, as well as beingdiversified geographically. Further information on Providence and itsoil and gas portfolio, including Annual Reports are available fromProvidence's website at www.providenceresources.com---END OF MESSAGE---This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 12.08.2009 - 08:02 Uhr
Sprache: Deutsch
News-ID 4612
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