Providence Commences 3D Seismic Survey Operatio...

Embargo: 7:00am
8 June 2011


    PROVIDENCE COMMENCES 3D SEISMIC SURVEY OPERATIONS OVER THE BARRYROE OIL
                       DISCOVERY IN THE NORTH CELTIC SEA


Providence Resources P.l.c., ("Providence") the Irish oil and gas exploration
and production company, whose shares are listed in London (AIM) and Dublin
(ESM), is pleased to announce that it has, on behalf of itself and its partners,
commenced its 3D seismic acquisition project in the north Celtic Sea, offshore
Ireland. The survey, which is expected to be completed within 2 weeks, forms
part of the planned pre-development drilling programme on the Barryroe oil
discovery ("Barryroe"). Providence operates Barryroe (50%) with partners San
Leon Energy (30%) and Lansdowne Oil & Gas (20%).

Using a vessel supplied by Polarcus Limited, the 3D seismic survey will be used
to assist in the pre-development drilling programme designed to progress
Barryroe to first oil. The drilling of Barryroe is scheduled to commence late
this summer, with the GSF Arctic III semi-submersible rig already contracted for
the drilling programme. The partners believe that modern 3D seismic data, in
tandem with modern well completions in the current high oil price environment,
will be key components to unlocking value at Barryroe.


Contacts:

 Providence Resources Plc              Tel: [phone]
 John O'Sullivan, Technical Director


 Powerscourt                           Tel: [phone]
 Rob Greening/ Lisa Kavanagh


 Murray Consultants                    Tel: [phone]
 Pauline McAlester


 Cenkos Securities Plc                 Tel: [phone]
 Adrian Hargrave/ Nick Wells


 J&E Davy                              Tel: + 353 (0)1 679 6363
 Stephen Barry/ Eugenee Mulhern




EXPLANATORY NOTES

About Providence
Providence Resources Plc is Irish based oil and gas exploration and production
company listed on AIM (London) and ESM (Dublin). Providence's portfolio includes
extensive licence interests in Ireland (offshore), the U.K. (onshore and
offshore) and West Africa (offshore Nigeria). Providence recently announced a
multi-year, multi-well offshore drilling campaign to cover the six basins in
which the Company has licence interests offshore Ireland. Providence and
partners plan to invest upwards of $500 million in the drilling of 10
exploration and development wells, with first drilling planned to commence later
in 2011. This programme represents the largest drilling campaign ever carried
out offshore Ireland. Comprehensive information (press releases and Company
reports) are available at www.providenceresources.com.

About Barryroe
The Barryroe licence lies directly below the Seven Heads Gas Field and has been
successfully tested at flow rates of between 1,300 and 1,600 BOPD, from three
exploration and appraisal wells. The reservoir sands are of Cretaceous Middle
and Lower Wealden age located between c. 4,500' TVDSS and 7,550' TVDSS. The oil
is light (30 to 42 degrees API) and contains relatively high wax content ranging
from 12 to 22 per cent, which may require treatment at surface. A third party
audit carried out by RPS Energy for Lansdowne indicated P50 and P10 STOIIP
estimates for Barryroe of 373 MMBO and 893 MMBO, respectively. The corresponding
2C and 3C Barryroe technically recoverable contingent resources are 59 MMBO and
144 MMBO, respectively. In February, 2011 Providence entered into a MOA with
Shell Trading and Marketing to agree an oil off-take agreement for future oil
production from Barryroe and Hook Head. In April 2011, Providence announced that
it had secured a semi-submersible drilling rig for the planned drilling
operations at Barryroe and Hook Head.

About Polarcus
Polarcus is a pure play marine geophysical company with a pioneering
environmental agenda, specializing in high-end towed streamer data acquisition
from Pole to Pole. Polarcus is launching a fleet of modern 3D seismic vessels
using the innovative ULSTEIN X-BOW® design and incorporating advanced maritime
technologies for improved operational efficiency with a reduced environmental
footprint. Polarcus offers contract seismic surveys and multi client projects
worldwide and has its principal office in Dubai, United Arab Emirates. For more
information, visit www.polarcus.com

About This Announcement
This announcement has been reviewed by John O'Sullivan, Technical Director,
Providence Resources P.l.c. John holds a B.Sc. in Geology from University
College Cork, Ireland, an M.Sc. in Applied Geophysics from the National
University of Ireland, Galway and a M.Sc.in Technology Management from The
Smurfit School of Business at University College Dublin. John is presently
working part-time on a PhD dissertation at Trinity College, Dublin. John has
worked in the offshore business for 20 years and is a fellow of the Geological
Society of London. Definitions in this press release are consistent with SPE
guidelines.

SPE/WPC/AAPG/SPEE Petroleum Resource Management System 2007 has been used in
preparing this announcement







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Source: Providence Resources plc via Thomson Reuters ONE

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