Providence successfully boosts Singleton oil pr...

* Production exceeds original expectations

* Consistent with Providence's stated strategy of increasing daily
  oil production

Providence Resources Plc ("Providence" or "the Company") is today
pleased to announce that its new X-8x production well has
successfully been brought on stream in the Singleton oilfield,
onshore UK. This is additional to the X-9 well, which was
successfully brought on stream in December 2005.

The field, in which Providence holds a 20% equity interest, is
operated by Star Energy Plc and is located within the Weald Basin in
the South of England. These new horizontal wells were designed to
develop reserves not presently accessed by the existing revenue
generating production wells.  The pre-drill production objectives
have now been achieved, with the average daily field production now
increased by circa 200 BOPD from circa 440 BOPD to circa 640 BOPD.

Whilst the two new wells were only drilled to half their planned
length, they have already added approximately 50% of incremental
daily oil production to the field. In addition, the Singleton Field
partners are presently assessing a number of well intervention
options which should further improve the performance of these new
wells.

 Tony O'Reilly Jnr., CEO of Providence commented:

"We are delighted at the outcome of our enhanced Singleton
development drilling programme, which has resulted in a measurable
increase in daily production. This result, combined with our
recently announced Macquarie production financing facility, means
that we are well positioned to pursue our objective to increase our
daily oil production."

Tuesday, March 7th, 2006

Contacts:


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

Powerscourt                         Tel: [phone]
Rory Godson                         Mob: [phone]
Victoria Brough                     Mob:[phone]

Murray Consultants
Pauline McAlester                   Tel: [phone]



NOTES TO EDITORS

About the Singleton Oilfield

The Singleton oilfield  is situated  onshore UK in  the Weald  Basin,
West Sussex. Providence  holds a  20% equity interest  in the  field,
which is operated by Star Energy Plc. The field, which contains  good
quality oil  in  Jurassic-aged  carbonate reservoirs  is  thought  to
contain ~74 MMBO STOIIP.   With the recently  completed X-9 and  X-8x
wells, there  are presently  six wells  producing ~640  BOPD and  the
total production to date has  been ~3 MMBO.   In addition to the  oil
production, the  Singleton partners  utilise  produced gas  from  the
field in power  generation which  is sold  to local  users and  which
generates further revenue streams from the field.

The Singleton X-8x  well is  situated on  the northern  flank of  the
field and a 2,000 foot  horizontal section was drilled and  completed
in the Cornbrash and Forest Marble sequences. The Singleton X-9  well
was drilled in the main Great Oolite reservoir in the southwest flank
of the field

Participating interests in the Singleton field are:

Star Energy UK Onshore Limited   (Operator)       79.125%
Providence Resources P.l.c.                  20.000%
Noble Energy (Europe) Limited               0.875%

About Providence Resources Plc

1. 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.

2. Providence's active oil and gas portfolio includes interests in
Ireland (offshore), the UK (onshore and offshore) and West Africa
(offshore Nigeria).   Providence's portfolio is balanced between
production, appraisal and exploration assets, as well as being
diversified geographically.

3. Recent corporate announcements include Dunquin Farm-out to
ExxonMobil (announced on February 13th, 2006) and a ¤50 million
Revolving Credit Finance Facility with Macquarie Bank (announced on
February 2nd, 2006).

4. Comprehensive information on Providence and its oil and gas
portfolio, including the AIM Admission document, Annual Report 2004
and Interim Report 2005 are all available from Providence's website
at www.providenceresources.com




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