Providence Resources gets new exploration licence

The Iseq-listed oil & gas exploration and production company, Providence, has today announced that it has been granted a new exploration licence in the Celtic Sea Basin.

The firm has finished its survey of the Blackrock oil discovery and the data reveals additional hydrocarbons.

Providence has agreed three further farm-out agreements with Dyas BV, P/F Atlantic Petroleum and Forest Gate Resources Inc. over the new Celtic Sea licence.