Providence Resources P.l.c.
Results of AGM
Dublin and London - June 14, 2018 - Providence Resources P.l.c. (PVR LN, PRP ID), the Irish based Oil & Gas Exploration Company, announces that, at the company's Annual General Meeting held earlier today in Dublin, all ordinary and special resolutions were duly passed. The full text of each resolution was included in the notice of the meeting circulated to shareholders.
The Company also presented shareholders with an extensive update on its exploration & appraisal portfolio offshore Ireland, including details of the Barryroe Farm-out transaction which is scheduled to close in the next quarter, subject to government consent, as well updates on Providence's extensive exploration portfolio off the west coast of Ireland. A copy of the AGM presentation is available at providenceresources.com.
Tony O'Reilly, Chief Executive Officer commented:
"The past 18 months have been an extremely busy time for Providence with a number of important milestones achieved including the agreement of 4 farm-out transactions. These farm-outs have enhanced our financial resources and have allowed us to put in place a forward plan of drilling activity for 2019 and beyond. Looking ahead, we have the portfolio, partners, people and financial resources in place to continue to advance our portfolio through exploration & appraisal drilling for the benefit of all our shareholders. Providence remains a leader in drilling offshore Ireland."
|Providence Resources P.l.c.||Tel: +353 1 219 4074|
|Tony O'Reilly, Chief Executive Officer|
|Cenkos Securities plc||Tel: +44 131 220 9771|
|Neil McDonald/Derrick Lee|
|J&E Davy||Tel: +353 1 679 6363|
|Mirabaud Securities Limited||Tel: +44 203 167 7221|
|Powerscourt||Tel: +44 207 250 1446|
|Murray Consultants||Tel: +353 1 498 0300|
ABOUT PROVIDENCE RESOURCES
Providence Resources is an Irish based Oil & Gas Exploration Company with a portfolio of appraisal and exploration assets located offshore Ireland. Providence's shares are quoted on the AIM in London and the ESM in Dublin. Further information on Providence can be found at providenceresources.com.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Providence Resources plc via Globenewswire