Providence gets exploration licence

PROVIDENCE Resources has been, indirectly, awarded a six-block exploration licence off the coast of the North.

The licence award forms part of the licensing round offered by the British government at the turn of the year and was formally awarded to PR Singleton Ltd, Providence’s British subsidiary. It basically gives Providence extended ownership of the Rathlin Basin off the coast of the North.

The Dublin-headquartered company already has acreage in the Rathlin Basin, forming part of its multi-year Irish offshore drilling programme, which has recently got underway.