Providence hails update on Drombeg prospect

An updated technical study of the Drombeg exploration prospect off the west coast — which is 80% owned by Providence Resources — suggests that the field is larger and of more significance than initially thought.

Providence — partnered at Drombeg with Sosina Exploration — is not due to commence drilling at the field in the Porcupine Basin until the second half of next year at the earliest.

The company has made no firm decision as to when drilling might commence at Drombeg, but is thought to have a preference to see the outcome of drilling at the adjacent Dunquin field first.