Providence completes Singleton drilling

Exploration company Providence has completed its 2005 development drilling programme on the Singleton oilfield, onshore UK.

The field, in which ISEQ-listed Providence holds a 20% equity interest, is operated by Star Energy Plc and is located within the Weald Basin in the South of England.

The drilling programme, which comprised two horizontal wells (X-8x, X-9), was designed to develop reserves not presently accessed by the existing revenue-generating production wells.

These new wells, which were drilled utilising the Marriott-7 drilling unit, are now expected to be tested and brought on-stream in the coming weeks.