Tuesday 4 June 2019

Providence Resources P.l.c., the Irish based Energy Company, provided a licence update on Frontier Exploration Licence (“FEL”) 3/04 located in the southern Porcupine Basin. FEL 3/04 is operated by Eni Ireland BV (36.913%) on behalf of its partners, Repsol Exploracion Irlanda SA (33.557%), Providence Resources P.l.c. (26.846%) and Sosina Exploration Limited (2.684%). The licence contains the undrilled Lower Cretaceous “Dunquin South” carbonate exploration prospect as well as the adjacent “Dunquin North” carbonate build-up, which hosts a residual oil column.

The FEL 3/04 Partners have elected to defer the acquisition of the planned 2019 Dunquin South exploration well site survey, which formed part of the previously approved FEL 3/04 2019 Work Programme & Budget.