Share Name Share Symbol Market Type
Providence Res Eur0.10 NEX:PVR.GB NEX Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 7.75p 5.25p 10.25p - - - 0 05:02:02

PROVIDENCE RES. Providence Resources P.L.C. - Operational Update - Frontier Exploration Licence 2/14 - Southern Porcupine Basin

26/09/2017 7:00am

UK Regulatory (RNS & others)


 
TIDMPVR 
 
   OPERATIONAL UPDATE 
 
   FRONTIER EXPLORATION LICENCE 2/14 
 
   SOUTHERN PORCUPINE BASIN 
 
 
   -- COMPLETION OF 53/6-1 DRILLING PROGRAMME 
 
   -- DE-MOBILISATION OF THE STENA ICEMAX DRILLSHIP FROM IRELAND TO LAS PALMAS 
 
 
   Dublin and London - September 26, 2017 - Providence Resources P.l.c. 
(PVR LN, PRP ID), the Irish based Oil and Gas Exploration Company (the 
"Company"), today provides an operational update regarding Frontier 
Exploration Licence ("FEL") 2/14 located in the southern Porcupine 
Basin.  FEL 2/14 is operated by Providence Resources plc (56%) on behalf 
of its partners Capricorn Ireland Limited (a wholly owned subsidiary of 
Cairn Energy PLC, 30%) and Sosina Exploration Limited (14%), 
collectively referred to as the "JV Partners". 
 
   The JV Partners can now confirm that the Stena "IceMAX" deep-water 
drillship, which was used to drill the 53/6-1 exploration well in FEL 
2/14, has now completed all requisite P&A operations.  The drillship, 
which is now off hire, departed from the Druid Drombeg well site 
yesterday afternoon and is transiting back to Las Palmas, Gran Canaria. 
 
 
 
 
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 Plc 
 
   Providence Resources Plc is an Irish based Oil and Gas Exploration 
Company with a portfolio of appraisal and exploration assets located 
offshore Ireland.  The Company's shares are quoted on AIM in London and 
the ESM in Dublin. 
 
   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

September 26, 2017 02:00 ET (06:00 GMT)

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

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