Providence Resources P.l.c., the London (AIM) and Dublin (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 Exploration and Production Ireland (Offshore) Limited, that the Frontier Exploration Licence 3/04 ('Dunquin') partners (ExxonMobil Exploration and Production Ireland (Offshore) Limited, Eni, Providence and Sosina) have notified the Irish Department of the Communications, Energy and Natural Resources that they have elected to enter the second phase of the licence. This second phase carries a firm well commitment within the Dunquin licence.
About FEL 3/04
Providence holds a non-operated 16% interest in FEL 3/04 with its partners ExxonMobil Exploration and Production Ireland (Offshore) Limited (40%), Eni (40%) and Sosina Exploration (4%). Located in the Porcupine Basin off the west coast of Ireland, FEL 3/04 covers an area of 6 blocks. ExxonMobil is the licence Operator.