22 March 2011
On behalf of itself and its partners, Providence Resources P.l.c., has signed a contract with Polarcus Limited for a 3D seismic acquisition project in the Porcupine Basin, offshore Ireland.
The 200 km2 survey is planned to commence in Q3 2011 and is expected to run for approximately 15 days using the seismic vessel Polarcus Samur. The survey will be conducted at Frontier Exploration Licence (FEL) 4/08. Providence is the operator (32%). SOSINA (8 %) and Chrysaor E&P Ireland Limited (60%) are partners.
 |  |
| The 200 km2 will be primarily acquired over FEL 4/08 (dark grey polygon). | A Polarcus seismic vessel in operation. Photo: © Polarcus Limited. |
| Contacts: | ||
Dr. David J. Davies Managing Director, CEO SOSINA Exploration Ltd 1 Berry St Aberdeen AB25 1HF Tel: +44 01224 845472 | Mr. John Ødegaard, Chairman of the Board Tel: +45 35 31 10 03 Mobile: +45 27 26 00 03 | |
About Polarcus
The Polarcus is a pure play marine geophysical company with a pioneering environmental agenda, specializing in high-end towed streamer data acquisition from Pole to Pole. Polarcus is launching a fleet of modern 3D seismic vessels using the innovative ULSTEIN X-BOW® design and incorporating advanced maritime technologies for improved operational efficiency with a reduced environmental footprint. Polarcus offers contract seismic surveys and multi client projects worldwide and has its principal office in Dubai, United Arab Emirates. For more information, visit www.polarcus.com.
About SOSINA
SOSINA Exploration Ltd. is an independent oil and gas exploration company. The Company was founded in 2004, but with roots back as a sister company to the company Odegaard Ltd. acquired in 2006 by Schlumberger Inc.
SOSINA's active oil and gas portfolio includes offshore interests in Ireland and the UK. SOSINA's portfolio is balanced between appraisal and exploration assets. Comprehensive information on SOSINA and its oil and gas portfolio is available from SOSINA's website at www.sosina.co.uk.
