Providence Brings New US Offshore Gas Field Online

Providence Resources announced that its new Galveston Island A-155 gas field in the U.S. Gulf of Mexico has been successfully brought online with first gas sales occurring on Friday, August 28th. This new field, which is located c.100 kilometers off the US coast and in which Providence holds a non-operated 10.8% working interest, underwent a fast-track development with first gas achieved within 17 months of discovery. The field has been developed with a dedicated unmanned production platform connected to a new 30km long gas export pipeline.

Speaking today, Tony O'Reilly, Chief Executive of Providence, said, "Whilst the 2008 hurricane season severely impacted operations in the
Gulf of Mexico, we are pleased to confirm that commencement of production from Galveston Island has been achieved within 17 months
of discovery. The successful development of Galveston Island A-155 is in line with our stated objective to grow our production in the US Gulf of Mexico."