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New 2-D seismic data to be acquired over Dunquin Prospect

6 July 2006

The Dunquin partners Providence (operator), SOSINA, and ExxonMobil agree to exclusively license over 1,500 km of 2-D long offset seismic data over the Dunquin prospect from Fugro Data Surveys AG.

Providence Resources Plc (?Providence'), as Operator, is pleased to announce that, together with its partners ExxonMobil Exploration and Production Ireland (Offshore) Limited, an ExxonMobil subsidiary, and SOSINA Exploration Limited, it has agreed to exclusively license over 1,500 km of 2-D long offset seismic data over the Dunquin prospect from Fugro Data Surveys AG. This is the first time long offset 2-D seismic technology, which should significantly improve subsurface imaging, has been deployed in the Porcupine Basin.

This is the largest prospect specific 2-D seismic survey ever carried out offshore Ireland. Utilising the very latest technology, the results of this seismic programme will allow the partners to better define the future work programme on the Dunquin Prospect.

Contacts

David J. Davies

Managing Director

SOSINA Exploration Ltd

Mob: +44 (0)7703 293 649

Golden Cross House

8 Duncannon Str

London WC2N 4JF

Tel: +44 (0)207484 5071

Fax +44 (0)20 7884 5100

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