Providence Resources Plc (“Providence”), the AIM and IEX listed company, together with its partners announces that it has now ended its well testing operations on the 50/11-3 Hook Head appraisal well, offshore Ireland. This well, which is located in c. 240 ft. water depth and is c. 60 km offshore southern Ireland, is situated in Standard Exploration Licence 2/07 in the North Celtic Sea Basin.
Commenting on the announcement, Mr Tony O’Reilly Jnr., Chief Executive said: “We are very pleased to have confirmed Hook Head as a significant oil accumulation with hydrocarbon bearing reservoirs over a large area.
The powers to license of oil and gas exploration in Wales's territorial waters must be transferred to the Senedd to protect and enhance the best national interest of Wales, just as the Irish do.