PROVIDENCE RES. Providence Resources P.L.C.: Re-instatement Of Equity In Sel 1/11 (Barryroe Licence)
October 22 2020 - 1:00AM
UK Regulatory
TIDMPVR
Dublin and London -- 22 October 2020 - Providence Resources P.l.c. (PVR
LN, PRP ID), the Irish based resource development company ("Providence"
or the "Company"), announces that it has received official confirmation
from the Department of the Environment, Climate and Communications
(DECC) by way of an Addendum No. 6 to the Standard Exploration Licence
1/11 that, the interest in the licence granted to APEC under Addendum
No. 5 to the Standard Exploration Licence 1/11 during the farmout
process with APEC has reverted to EXOLA DAC, a fully owned subsidiary of
Providence Resources and Lansdowne Celtic Sea Ltd, a fully owned
subsidiary of Lansdowne Oil and Gas. Standard Exploration Licence 1/11
contains the Barryroe oil and gas field.
As a result of the enactment of Addendum No. 6 to Standard Exploration
Licence 1/11 the assigned interests in the licence are now as follows:
EXOLA DAC 80%
Lansdowne Celtic Sea Ltd 20%
INVESTOR ENQUIRIES
Providence Resources P.l.c. Tel: +353 1 219 4074
Alan S Linn,
Chief Executive Officer
J&E Davy Tel: +353 1 679 6363
Anthony Farrell
Murray Consultants Tel: +353 87 6909735
Joe Heron
(END) Dow Jones Newswires
October 22, 2020 02:00 ET (06:00 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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