HOME ABOUT US OPERATIONS INVESTORS CONTACT US Providence Resources Operations Operations OPERATIONS CELTIC SEA BASIN SEL 1/11 SEL 2/07 & LU NORTHERN PORCUPINE BASIN SOUTHERN PORCUPINE BASIN ST. GEORGE'S BASIN OPERATIONS MAP OPERATIONS MAP - GIS Standard Exploration Licence 1/11 ASSET: PROVIDENCE EQUITY: OPERATOR: PARTNER: BARRYROE 80% EXOLA (PROVIDENCE 100% SUBSIDIARY) LANSDOWNE Through its wholly owned subsidiary Exola DAC, the Company currently holds an 80% working interest in and is operator of SEL 1/11 which contains the Barryroe oil accumulation. SEL 1/11 is located in the North Celtic Sea Basin, c. 50 km off the south coast of Ireland, being is situated in c. 100 m water depth. The licence is adjacent to the giant Petronas-operated Kinsale Head Gas Field. History In the past, under different operators, five wells were successfully drilled on Barryroe. All of these wells successfully logged hydrocarbon-bearing reservoirs with three successfully flowing oil to surface. In 2011, having acquired new 3D seismic data, the Company drilled the sixth well on this areally extensive field. In March 2012, the Barryroe partners announced the flow rates from this well, results which far exceeded pre-drill expectations with oil rates in excess of 3,500 BOPD from a 7 m vertical section of reservoir. Post-well analysis, in conjunction with the new 3D seismic data set, led to a substantial upgrade in the field size to over 1 billion barrels STOIIP (2C). Subsequent work on multiple development concepts, together with detailed engineering studies on recovery factors, led to estimated 2C recoverable resources of over 300 million barrels of oil from the two main tested reservoir intervals. In April 2013, a Competent Persons Report was issued by Netherland Sewell & Associates Inc. confirming the Company’s previously published figures on the main basal sandstone reservoir. In conjunction with a previous audit carried out by RPS Energy on the overlying secondary Middle Wealden reservoir, the total upgraded resource base at Barryroe is gross 346 MMBOE REC. Further incremental resource potential has also been identified in logged hydrocarbon bearing intervals within stacked Lower Wealden and Purbeckian sandstones, which the Company estimates contain total associated P90, P50 & P10 in place oil resources of 456 MMBO, 778 MMBO and 1,165 MMBO, respectively. In 2016, the Company updated on the resource potential of the Upper C-Sand interval. The latest estimated GIIP within SEL 1/11 & OPL1 option area is now estimated at c. 400 BSCF. During 2017, the Barryroe partners were granted a 2-year extension to the current phase of the Barryroe licence (SEL 1/11) to July 2019 as well as an extension to the term of the 2nd phase to July 2021. Providence Resources' Barryroe Oil Field - Oil in Place Resource Update Providence Resources' Barryroe Oil Discovery Barryroe Well Testing. March 14th, 2012 Related press release - 2019 1 February 2019 OPERATIONAL UPDATE - SEL 1/11 BARRYROE - NOMINATION OF THE “COSLINNOVATOR” SEMI-SUBMERSIBLE DRILLING UNIT more Related press release - 2018 12 December 2018 Davy Research: Ex Oriente Lucrum – Barryroe gets the deal it deserves more 30 November 2018 OPERATIONAL UPDATE - SEL 1/11 BARRYROE - RESCHEDULING OF SITE SURVEY PROGRAMME more 20 September 2018 BARRYROE FARM-OUT more 28 March 2018 BARRYROE FARM-OUT AGREEMENT SIGNED more Related press release - 2017 31 October 2017 TECHNICAL UPDATE - LATEST BARRYROE & NEWGRANGE TECHNICAL PRESENTATIONS AVAILABLE ON COMPANY WEBSITE more 31 October 2017 2017 Atlantic Ireland Presentation - Barryroe more 13 July 2017 Licence Update - Standard Exploration Licence 1/11, Barryroe Oil Field more Related press release - 2016 9 November 2016 UPDATE ON SUPREME COURT APPLICATION - APPLICATION FOR PERMISSION TO APPEAL REFUSED more 21 October 2016 COMMERCIAL COURT RULING ISSUED - PROVIDENCE SUCCESSFULLY DEFENDS TRANSOCEAN’S PART 36 COSTS APPLICATION more 18 February 2016 ASSET PORTFOLIO UPDATE - CELTIC SEA BASINS more Related press release - 2015 3 December 2015 COMMERCIAL UPDATE - PROVIDENCE GRANTED EXCLUSIVE OPTION TO ACQUIRE A 60% INTEREST IN THE SOUTHERN PORTION OF OPL 1 IN THE NORTH CELTIC SEA BASIN FROM PSE KINSALE ENERGY LIMITED more 3 November 2015 LICENCE UPDATE - STANDARD EXPLORATION LICENCE 1/11, BARRYROE OIL FIELD more 9 February 2015 MARKET UPDATE more Related press release - 2014 7 August 2014 LICENCE UPDATE - BARRYROE OIL PROJECT, NORTH CELTIC SEA BASIN, OFFSHORE IRELAND more 15 April 2014 BARRYROE FARM OUT - UPDATE more 18 February 2014 LICENCE UPDATE - BARRYROE OIL FIELD, NORTH CELTIC SEA BASIN more Related press release - 2013 5 April 2013 BARRYROE OIL FIELD - TECHNICAL UPDATE - CPR more Related press release - 2012 12 October 2012 BARRYROE TECHNICAL UPDATE - RESERVOIR ANALYSIS UPDATE more 5 September 2012 BARRYROE UPDATE - ADDITIONAL OIL IN PLACE RESOURCE ESTIMATES FOR TWO NEW RESERVOIR INTERVALS more 9 August 2012 PROVIDENCE OFFERED NEW LICENSING OPTION ADJACENT TO BARRYROE more 25 July 2012 BARRYROE - OIL IN PLACE RESOURCE UPDATE more 21 June 2012 BARRYROE TECHNICAL UPDATE - GEOLOGICAL DATA more 6 June 2012 TECHNICAL UPDATE - BARRYROE OIL ASSAY COMPLETE more 24 May 2012 BARRYROE WELL TEST ANALYSIS CONFIRMS PRODUCTIVITY POTENTIAL more 10 May 2012 BARRYROE SEISMIC INVERSION STUDY CONFIRMS SIGNIFICANT AREAL RESERVOIR POTENTIAL more 23 March 2012 BARRYROE WELL TESTING UPDATE more 15 March 2012 BARRYROE WELL SUCCESSFULLY FLOWS OIL AND GAS more 27 February 2012 BARRYROE APPRAISAL WELL OPERATIONAL UPDATE more 9 February 2012 BARRYROE APPRAISAL WELL - OPERATIONAL UPDATE more © 2019 Providence Resources Home About us Privacy and Cookies Policy Contact We use cookies on this site to enhance your user experience. 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