Extension to Apollo Licensing Option 05/3

21 September 2007


                     ST GEORGE'S CHANNEL UPDATE

              Extension to Apollo Licensing Option 05/3



Providence Resources Plc, the AIM (London) and IEX (Dublin) listed
oil & gas exploration and production company, announces that it has
been granted an extension to the term of its Licensing Option 05/3 in
the St George's Channel, offshore Ireland by the Minister of the
Minister of Communications, Energy and Natural Resources.
Licensing Option 05/3, where Providence currently holds a 100%
working interest, contains the large Apollo oil exploration prospect.
The Apollo prospect is a large Jurassic tilted fault-block located in
the southwest part of the St. George's Channel Basin and is c. 60 km
from the recent Hook Head appraisal well, which is currently the
subject of an ongoing testing programme. The Licensing Option
extension goes to March 31st, 2008.

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

Powerscourt Tel: [phone]
Rory Godson/Elizabeth Rous

Murray Consultants Tel: [phone]
Pauline McAlester

Notes to Editors
About Providence
Providence Resources Plc is an independent oil and gas exploration
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 (offshore), the United Kingdom (onshore and offshore), the
United States (offshore) and West Africa (offshore Nigeria).
Providence's portfolio is balanced between production, appraisal and
exploration assets, as well as being diversified geographically.
Comprehensive information on Providence and its oil and gas
portfolio, including all press releases, annual reports and interim
reports are available from Providence's website at
www.providenceresources.com

About Apollo
The Apollo prospect has been mapped to extend over a 40 sq km area
using good quality 2D seismic data (acquired in 1993). The prospect
lies in c. 80 metres of water and is 30 km off the south coast of
Ireland.
Prospective horizons within the Apollo structure include sands of
Lower Jurassic age, which have been encountered in nearby wells with
oil and gas shows. Additional potential has also been identified in
Upper Jurassic sands, which have been successfully flow tested at the
nearby Providence-operated discoveries at Helvick (c.10,000 BOPD) and
Dunmore (c. 2,000 BOPD) as well as the Marathon-operated Dragon Field
(20 MMSCFGD).
Third party published regional data suggests that the Lower Jurassic
source rocks in the area have expelled both oil and gas. Total
prospective resources could be up to 300 MMBO REC in the primary
Lower Jurassic reservoirs based on the most recent in-house mapping,
with further additional upside potential associated with the Upper
Jurassic sequences.

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