Providence Gets Barryroe Site Survey Permit

Providence Resources and the partners within Standard Exploration Licence (SEL) 1/11 have received permission from the Minister of State at the Department of Communications, Climate Action and Environment to undertake a survey over the Barryroe field.

Under the permission the company will undertake seabed debris clearance, environmental baseline and habitat assessment site survey over the Barryroe field area, off the coast of Ireland.

SEL 1/11 is operated by EXOLA DAC, a wholly-owned Providence subsidiary, on behalf of its partners, APEC Energy
Enterprises and Lansdowne Celtic Sea.

Pursuant to the terms of the updated farm-out agreement with APEC, and subject to the receipt of funding from APEC or alternative financing arrangements being put in place, the site survey is expected to begin later this month, the company informed.

The Barryroe lies in circa 100 meter water depth in the North Celtic Sea Basin, around 50 km off the south coast of Ireland.

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Craigmill, Pitcaple, Inverurie, Aberdeenshire, United Kingdom, AB51 5HP
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