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Ireland: Providence to get Rathlin basin licenses

The PR Singleton Ltd. subsidiary of Providence Resources PLC has been offered a frontier exploration license on six blocks in the Rathlin basin off Northern Ireland.

The license covers the 125/18, 125/19, 125/20, 125/23, 125/24, and 125/25 licenses 75 km northeast of Londonderry. Several wells have been onshore from the offshore blocks.

The initial license phase requires a well to be drilled in order to advance to the next phase. Providence has begun technical studies. The offer, part of the UK's 26th seaward round announced Dec. 30, 2011, gives the company interests in eight basins off Ireland.


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