Providence’s British unit wins second exploration licence

THE British subsidiary of Irish oil and gas prospector Providence Resources has won its second exploration licence within a week.

PR Singleton Ltd — Providence’s wholly-owned British offshoot — has been offered a licence in the St George’s Channel Basin off the coast of Wales, by the British government.

The block contains part of the Dragon gas discovery, which stretches across both British and Irish waters. The company had made an out-of-round application along with one of its partners, Star Energy Oil & Gas.