Providence Snags Block Offshore Ireland

Providence has been awarded Standard Exploration License 2/11 ("License") in the Kish Bank Basin, offshore Dublin by the the Irish Department of Communications, Energy and Natural Resources. The License, which is a successor authorization to the previous License Option 08/2, has been granted for a period of up to six years, and is split into 2 three year phases.

The License contains the Dalkey Island exploration prospect and the partners have committed to the drilling of at least one well during the first phase. The partners have recently commenced the application process for a foreshore license over the area in order to carry out well site survey and drilling operations. Providence holds a 50% interest in the License and operates on behalf of its partner Star Energy.