Dunquin Farm-out to ENI - New Licence Interest

DUNQUIN FARM-OUT TO ENI

                        NEW LICENCE INTEREST



Providence Resources P.l.c., ('Providence') the London (AIM) and
Dublin (IEX) listed oil and gas exploration and production company,
is pleased to announce that Eni has farmed into Frontier Exploration
Licence 3/04 ('Dunquin').

Under the terms of the farm-in agreement, Eni will assume a 40%
interest in the Dunquin licence with ExxonMobil Exploration and
Production Ireland (Offshore) Limited holding a 40% operated stake,
whilst Providence and Sosina will retain 16% and 4% equity positions,
respectively.

Additionally, ExxonMobil Exploration and Production Ireland
(Offshore) Limited, Providence and Sosina have agreed to assume a
cumulative 40% interest in the adjacent Eni operated Frontier
Exploration Licence 1/99 (FEL 1/99), with the equity split 36%, 3.2%
and 0.8%, respectively among the companies. FEL 1/99 covers a total
of 6 offshore blocks (c. 1,500 sq kilometres).


Contacts:

Providence Resources  Plc                                        Tel:
[phone]
Tony O'Reilly, Chief Executive

Powerscourt
            Tel: [phone]
Rory Godson/Elizabeth Rous

Murray Consultants
Tel: [phone]
Pauline McAlester




About FEL 3/04

Providence holds a non-operated 16% interest in FEL 3/04 with its
partners ExxonMobil Exploration and Production Ireland (Offshore)
Limited (40%), Eni (40%) and Sosina Exploration (4%). Located in the
Porcupine Basin off the west coast of Ireland, FEL 3/04 covers an
area of 5 blocks. ExxonMobil Exploration and Production Ireland
(Offshore) Limited is the licence Operator.

About FEL 1/99

Providence holds a non-operated 3.2% interest in FEL 1/99 with its
partners Eni (60%), ExxonMobil Exploration and Production Ireland
(Offshore) Limited (36%) and Sosina Exploration (0.8%). Located in
the Porcupine Basin off the west coast of Ireland, FEL 1/99 covers 6
offshore blocks. Eni is the licence Operator.


About Providence

Providence Resources Plc  is an independent  oil and gas  exploration
and production company  listed on  the AIM  market in  London and  on
Dublin's IEX market. The Company was founded in 1997, but with  roots
going back to  1981 when it  predecessor company, Atlantic  Resources
Plc was formed by a group  of investors led by Sir Anthony  O'Reilly.
Providence's active  oil  and  gas portfolio  includes  interests  in
Ireland, the United Kingdom, the  United States (Gulf of Mexico)  and
West Africa  (Nigeria). Providence's  portfolio is  balanced  between
production, appraisal  and  exploration  assets,  as  well  as  being
diversified geographically. Further information on Providence and its
oil and gas  portfolio, including Annual  Reports are available  from
Providence's website at www.providenceresources.com

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