Providence Resources Plc has commenced drilling its Hook Head appraisal well, located in Standard Exploration Licence 2/07 in the North Celtic Sea Basin. Using the Petrolia semi-submersible rig, drilling operations on the 50/11-3 well commenced at approximately 20:45 on Friday, August 17th.
Partners in the Hook Head well are:
Providence Resources Plc (Operator) 40%
Challenger Minerals (Celtic Sea) Limited 15%
Dyas BV 15%
Forest Gate Resources Inc 15%
Atlantic Petroleum (Ireland) Limited 10%
Sosina Exploration Limited * 5%
It is anticipated that the complete drilling programme will take up to 50** days.
* Farm in subject to Ministerial Consent
**This includes a provision for comprehensive wireline logging and testing.
Tony O'Reilly Jnr., Chief Executive of Providence said:
"We are pleased to announce the commencement of drilling operations at Hook Head. This is an exciting time for Providence and we look forward to the outcome of this drilling programme".
