Providence Resources P l c : 2017 Atlantic Ireland Presentation - Newgrange

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• Primary Lower Cretaceous carbonate target, analogous to the Dunquin play
• Shallow target, c. 500m BML - $11 Million DHC
• H/C system proven in adjacent 62/07-1 well
• Large volume with Pmean in-place resources of 13.6 TCF gas or 9.2 BBO
• One of the largest undrilled Mesozoic four-way dip-closed structures on the Atlantic Margin
• Significant additional vertically stacked prospectivity in underlying Jurassic
• Proven operational/consenting capabilities in ultra deep-water/harsh environments

• Located on the margins of the southern Porcupine Basin -

  Goban Spur

• 260 kilometres offshore Ireland

• Providence Resources plc (80%, Operator) and Sosina Exploration (20%)

• 15 year Frontier Exploration Licence in April 2014

• Comprises a total of 1,204 km2

• Water depth 1,000-1,500m, shallowest to the east.

• "Hot property" area in 2015 Atlantic Ireland Licencing round

  • ExxonMobil, Statoil, Nexen, BP, ENI, Woodside