Providence Resources P.l.c.: Re-instatement of Equity in SEL 1/11 (Barryroe Licence)
Dublin and London – 22 October 2020- Providence Resources P.l.c. (PVR LN, PRP ID), the Irish based resource development company (“Providence†or the “Companyâ€), 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%
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Providence Resources P.l.c. | Tel: +353 1 219 4074 |
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