PROVIDENCE MAKES A NEW GAS DISCOVERY IN THE U.S...

7 April 2008




                PROVIDENCE MAKES A NEW GAS DISCOVERY
                     IN THE U.S. GULF OF MEXICO

      GALVESTON ISLAND A-155 TO UNDERGO FAST TRACK DEVELOPMENT

         INITIAL WELL RESULTS EXCEED PRE-DRILL EXPECTATIONS

         ACCESS TO NEARBY DEVELOPMENT INFRASTRUCTURE SECURED

Providence Resources P.l.c., the Irish oil and gas exploration and
development company, whose shares are listed in London (AIM) and
Dublin (IEX), is pleased to announce that Providence and its three
partners have made a new non-operated gas discovery on Galveston
Island Block A-155 in the U.S. Gulf of Mexico. It is planned that
this new field, which is located c. 100 kilometres off the US coast
and in which Providence holds a non-operated 10.8% working interest,
will undergo a fast-track development via nearby existing
infrastructure. Initial evaluation suggests that the well results
have exceeded the expected pre-drill upside prognosis, which had an
associated resource estimate of c. 13 BSCF REC. First production from
the field is being fast-tracked and the operator has already secured
access to third party infrastructure as part of the plan of
development.

Speaking today, Tony O'Reilly Jnr., Chief Executive of Providence,
said:

"We are very pleased to have had continued success in our Gulf of
Mexico drilling programme. This Galveston Island project is part of
Providence's stated objective to increase its daily production rates
and we are delighted that the consortium is planning to move ahead
with a fast track development."

Contacts:

Providence Resources P.l.c
Tony O'Reilly Jnr., Chief Executive Tel: + 353 (1) 2194074

Powerscourt Media
Elizabeth Rous/ Rory Godson Tel: [phone]

Murray Consultants
Pauline McAlester/Robert Marshall Tel: + 353 (1) 498 0300


Notes to Editors

About Providence

Providence Resources P.l.c. 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 Galveston Island A-155

The Galveston Island A-155 discovery well was drilled using the Blake
303 jack-up drilling rig. The well is located in c. 180 ft water
depth and was drilled to a total depth of c. 5365' TVDSS (true
vertical depth subsea). The main reservoir interval is a sandstone
unit located at c. 4920' TVDSS. Initial interpretation of the log
data suggests that the well has encountered a c.50' net pay interval
of high quality 27% porosity sands which are normally pressured.
Access to nearby existing infrastructure has already been secured for
the development phase of the project.

The Galveston Island A-155 project is being operated by Peregrine Oil
and Gas.

Other partners include Challenger Minerals, UI Energy & HRB Oil &
Gas.

This announcement has been reviewed by John O'Sullivan, Exploration
Manager, 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 18 years and is a fellow of the Geological
Society of London and member of the Energy Institute. Definitions in
this press release are consistent with SPE guidelines.

BSCF REC = Billion Standard Cubic Feet Recoverable

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