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Providence releases technical update on Newgrange exploration prospect


Published Jan 25, 2016
Providence Resources

Providence Resources has released a technical update on a major new multi-client 3D seismic programme, which is planned to be acquired by Searcher Seismic Pty Ltd in summer 2016, subject to regulatory approvals. The total seismic acquisition programme is planned to cover a large area in the southern Porcupine & Goban Spur Basins, offshore south-western Ireland.

Part of this planned non-exclusive multi-client survey will cover the Newgrange exploration prospect which is located in Frontier Exploration Licence (FEL) 6/14 (the 'Newgrange Licence'). The Newgrange Licence, which is situated in c. 1,000 m water depth and c. 260 km off the south-west coast of Ireland, is operated by Providence Resources (80%) on behalf of its partner Sosina Exploration Limited (20%).

Tags: Providence Resources Plc




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