The Directors of Providence Resources P.l.c. announce that Mr. Philip O'Quigley has accepted an offer to become Chief Executive of Falcon Oil and Gas Ltd, a Canadian listed oil and gas exploration business. Accordingly, Mr. O'Quigley is stepping down from his executive position as Finance Director at Providence in order to take up a new position, but he will, however, continue to serve as a non-executive director of Providence.

Commenting on the announcement, Tony O'Reilly, Chief Executive of Providence said,"Philip has been an integral part of the Providence team since 2008 and has been a key player as the company has developed over the past 4 years. Whilst we are obviously very sad that Philip is stepping down from his executive post, we are pleased that he has agreed to stay on as a non-executive director. On behalf of all the members of the board, the staff and indeed the shareholders, I want to thank Philip for all that he has done for Providence and we wish him every success in his new executive position."

Tags: Providence Resources Plc