Providence, Star Energy Score Licensing Option Offshore Ireland

Providence Resources plc announced that Providence and Star Energy Group plc have been offered a three year Licensing Option over eight blocks in the Kish Bank Basin by the Irish Government Department of Energy, Communications & Natural Resources. Providence will act as Operator on behalf of the partnership.

Providence and Star Energy, (a subsidiary of Petronas, the Malaysian National Oil Company) have a 50/50 joint venture for gas storage initiatives offshore Ireland.