DUBLIN-BASED oil and gas exploration company, Providence Resources, has purchased a majority share in the potentially lucrative Singleton Oil Field in the south of England for $22 million (€16.4m).

Providence, the IEX-listed oil and gas exploration and production company, today announced that it has reached conditional agreement with Star Energy Group PLC (STAR) to acquire its 79.125% share in the producing Singleton Oil Field, onshore UK.