Providence Resources today announced it has received the go-ahead for two new Frontier Exploration Licences in the Porcupine Basin off the west coast of Ireland.
The licences have been granted to Providence and Sosina Exploration Limited, a UK-registered oil and gas exploration company for a term of up to 16 years.
Commenting on the licence award, company chairman, Dr. Brian Hillery said: “We are delighted to have secured these highly prospective licences in an area of increased oil and gas exploration and development activity.
"We look forward to working with our partner Sosina in evaluating the potential that these blocks afford and to ultimately progressing them towards drilling.”