The Dublin- and London-listed operator is evaluating 2247 square kilometres of data shot by Polarcus over the southern Porcupine basin prospect last summer.
Providence Resources technical director John O’Sullivan said that the initial results appear to validate the company’s previous work on the prospect.
“Given its considerable prospective resource potential, the Drombeg project has already attracted expressions of interest from a number of major international oil companies and we plan to hold prospect presentations later in the year once a comprehensive data analysis has been completed," he said.
The
