Providence reviews good 2007

Providence has released it's end of year trading statement for 2007, highlighting a number of key developments.

In 2007 the company Significant oil was boosted by: The discovery at Hook Head, a $250m revolving credit facility agreed with Macquarie Bank, two new gas wells producing at High Island A268 in Gulf of Mexico, acquisition of majority stake in the Singleton oilfield, onshore UK effective, increasing daily production and company cash flow.