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PVR Providence Resources Plc

3.25
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Providence Resources Plc LSE:PVR London Ordinary Share IE00B66B5T26 ORD EUR0.001 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3.25 3.10 3.40 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

PROVIDENCE RES. Providence Resources P.L.C. - Commercial Update Fel 2/14

20/06/2017 7:00am

UK Regulatory


 
TIDMPVR 
 
 
   THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION 
 
   Commercial Update 
 
   Frontier Exploration Licence 2/14 
 
   Exclusive Option 
 
 
   -- RECEIPT OF FIRST OPTION PAYMENT FROM TOTAL 
 
 
   Dublin and London - June 20, 2017 - Providence Resources P.l.c. (PVR LN, 
PRP ID), the Irish based Oil and Gas Exploration Company, today provides 
a commercial update on the Exclusive Option (the "Option") entered into 
with TOTAL E&P IRELAND B.V. ("TOTAL") and as announced on June 7, 2017. 
Pursuant to the terms of the Option, Providence and Sosina can confirm 
receipt of US$ 20.250 million (US$ 16.2 million to Providence). The 
second payment of US$ 6.750 million (US$ 5.4 million to Providence) is 
payable by TOTAL no later than 3 business days following the issuance of 
the P&A notice for the 53/6-A well. 
 
 
 
 
INVESTOR ENQUIRIES 
Providence Resources P.l.c.             Tel: +353 1 219 4074 
Tony O'Reilly, Chief Executive Officer 
 
Cenkos Securities plc                   Tel: +44 131 220 9771 
Neil McDonald/Derrick Lee 
 
J&E Davy                                Tel: +353 1 679 6363 
Anthony Farrell 
 
MEDIA ENQUIRIES 
Powerscourt                             Tel: +44 207 250 1446 
Lisa Kavanagh/Peter Ogden 
 
Murray Consultants                      Tel: +353 1 498 0300 
Pauline McAlester 
 
   ABOUT PROVIDENCE RESOURCES 
 
   Providence Resources is an Irish based Oil and Gas Exploration Company 
with a portfolio of appraisal and exploration assets located offshore 
Ireland.  Providence's shares are quoted on AIM in London and the ESM in 
Dublin. 
 
   ABOUT TOTAL 
 
   Total is a global integrated energy producer and provider, a leading 
international oil and gas company, and a major player in solar energy 
with SunPower and Total Solar. Our 98,000 employees are committed to 
better energy that is safer, cleaner, more efficient, more innovative 
and accessible to as many people as possible. As a responsible corporate 
citizen, we focus on ensuring that our operations in more than 130 
countries worldwide consistently deliver economic, social and 
environmental benefits. total.com 
 
   ANNOUNCEMENT 
 
   This announcement has been reviewed by Dr John O'Sullivan, Technical 
Director, Providence Resources P.l.c. John is a geology graduate of 
University College, Cork and holds a Masters in Applied Geophysics from 
the National University of Ireland, Galway. He also holds a Masters in 
Technology Management from the Smurfit Graduate School of Business at 
University College Dublin and a doctorate in Geology from Trinity 
College Dublin. John is a Chartered Geologist and a Fellow of the 
Geological Society of London. He is also a member of the Petroleum 
Exploration Society of Great Britain, the Society of Petroleum Engineers 
and the Geophysical Association of Ireland. John has more than 25 years 
of experience in the oil and gas exploration and production industry 
having previously worked with both Mobil and Marathon Oil. John is a 
qualified person as defined in the guidance note for Mining Oil & Gas 
Companies, March 2006 of the London Stock Exchange. Definitions in this 
press release are consistent with SPE guidelines. SPE/WPC/AAPG/SPEE 
Petroleum Resource Management System 2007 has been used in preparing 
this announcement. 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Providence Resources plc via Globenewswire 
 
 
  http://www.providenceresources.com/html/ 
 

(END) Dow Jones Newswires

June 20, 2017 02:00 ET (06:00 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.

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