Providence Resources P.l.c. Annual General Meeting
June 26 2012 - 7:30AM
UK Regulatory
TIDMPVR
June 26(th) 2012
Providence Resources P.l.c.
Annual General Meeting
Tuesday, 26(th) June 2012
Providence Resources P.l.c. ("Providence"), the AIM and ESM quoted company, held
its Annual General Meeting in Dublin today. The Company provided a general
update on its' multi-year, multi-well drilling programme offshore Ireland,
including a specific update on the ongoing post Barryroe well evaluation.
Speaking at the meeting, Tony O'Reilly, Chief Executive of Providence, said:
"Having commenced our major drilling campaign offshore Ireland, we were
particularly delighted that Barryroe, the first well of the campaign, came in
far above all the pre-drill expectations. This not only demonstrated the
significant scale of the Barryroe oil field, but it has also opened up many
other opportunities for the Company. The successful flow of high quality light
sweet crude at indicative commercial rates at Barryroe has enabled the Company
to take a giant leap forward in advancing its plans to commercialise Ireland's
first oil field. Subsequent post well analysis continues to confirm this and we
very much look forward to providing a revised resource update for Barryroe later
this summer."
All of the resolutions considered and voted upon by the shareholders were
approved. The full text of each resolution was included in the notice of the
meeting circulated to shareholders.
Contacts:
Providence Resources Plc Tel: +353 1 219 4074
Tony O'Reilly, Chief Executive
Powerscourt Tel: +44 207 250 1446
Lisa Kavanagh/Rob Greening
Murray Consultants Tel: +353 1 498 0300
Pauline McAlester/Pauline Dooley
Cenkos Securities Plc Tel: +44 207 397 8900
Adrian Hargrave/ Nick Wells
J&E Davy Tel: + 353 1 679 6363
Eugenee Mulhern/ Stephen Barry
Liberum
Simon Atkinson/Clayton Bush Tel: +44 (0)203 100 2000
ABOUT PROVIDENCE
Providence Resources Plc is an Irish based oil and gas exploration company whose
shares are traded on the London AIM market and on Dublin's ESM market.
Providence's portfolio of production, appraisal and exploration assets includes
licence interests in Ireland (offshore) and the United Kingdom (onshore &
offshore). In 2011, Providence, along with its partners, commenced a circa $500
million multi-year drilling programme on a number of exploration and development
wells in 6 different basins offshore Ireland. This programme represents the
largest drilling campaign ever carried out offshore Ireland.
www.providenceresources.com.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Providence Resources plc via Thomson Reuters ONE
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