Providence Resources' License Term Extended for Apollo Prospect

Providence Resources and IEX (Dublin) has been granted an extension to the term of its Licensing Option 05/3 in the St George's Channel, offshore Ireland by the Minister of the Minister of Communications, Energy and Natural Resources.

Licensing Option 05/3, where Providence currently holds a 100% working interest, contains the large Apollo oil exploration prospect. The Apollo prospect is a large Jurassic tilted fault-block located in the southwest part of the St. George's Channel Basin and is c. 60 km from the recent Hook Head appraisal well, which is currently the subject of an ongoing testing program. The Licensing Option extension goes to March 31st, 2008.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles
Related Articles


Brent Crude Oil : $54.33/BBL 0.81%
Light Crude Oil : $51.5/BBL 1.29%
Natural Gas : $3.75/MMBtu 1.35%
Updated in last 24 hours