Providence Resources Says Spanish Point Seismic Survey Underway

Providence Resources, along with its Spanish Point partners, has licensed part of GX Technology's long offset North East Atlantic SPANTM Survey over the Spanish Point discovery in the Porcupine Basin, offshore Ireland.

The data shall be used to fine-tune the location for a planned 2008 appraisal well (which is subject to rig and syndication) on the Spanish Point Project, together with providing improved imaging of the nearby Burren oil discovery, which also lies within the license area.

The survey, which commenced on 13th July, 2007, is being acquired using the M/V Discoverer and the processed data is expected to be available for interpretation during Q4 2007.