The London-listed junior said Irish regulators had offered the 18-month option over two offshore blocks and seven part-blocks spanning 1530 square kilometres in the south-western sector of the South Celtic Sea basin.
Providence Resources technical director John O'Sullivan said the new award stemmed from“ongoing technical re-evaluation of Ireland's under-explored offshore basins through the prism of new technology, higher pricing, improved infrastructure together with a fiscal regime designed to attract an inward flow of foreign direct investment”.
The
