![]() Speaking today, John O'Sullivan, Technical Director of Providence said, 30 km from the Newgrange prospect and was drilled off-structure, encountered hydrocarbon shows in sands of Lower Jurassic age. ![]() The previously drilled 62/7-1, which is located c. Seismic interpretation of existing 2D reflection profile data have revealed the presence of two large stacked four-way structural closures at Base Cenozoic (Top Cretaceous) and Base Cretaceous (Top Jurassic) levels covering up to a c. Previous subsurface studies have highlighted both clastic and carbonate exploration prospectivity at Newgrange within the Jurassic and Cretaceous intervals, respectively. The survey will also tie the Dunquin North exploration well, which has proven an oil exploration play concept in Cretaceous-aged carbonates in the area. This regional 2D seismic programme will also tie into Polarcus' South Porcupine MC3D survey which is ongoing over the Drombeg area and where approximately 3,000 km 2 of prime data have already been acquired. The survey is currently planned to commence in August 2014 and will be acquired using the M/V Harrier Explorer. Approximately 1,000 line kilometres will be focused on the Newgrange prospect, together with associated seismic well tie lines. Providence has agreed a contract with Polarcus MC Limited and Seabird Exploration for the provision of 2,500 line kilometres of new 'state of the art' long offset 2D seismic reflection data in the Newgrange area. 260 km off the south west coast of Ireland. 1,000 metre water depth in the Goban Spur Basin and is c. Earlier this year, with the agreement of the Department of Communications, Energy and Natural Resources, the licensing option was converted into FEL 6/14. ![]() Providence Resources (80%, Operator) and Sosina Exploration (20%) were originally awarded a licensing option over Newgrange as part of the 2011 Irish Atlantic Margin Licensing Round. ("Providence"), the Irish oil and gas exploration and development company, whose shares are quoted in London (AIM) and Dublin (ESM), is pleased to provide an update on Frontier Exploration Licence ("FEL") 6/14 ("Newgrange").
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