Providence Resources P.l.c. - Celtic Sea Operational Update.

(From Hugin)

For Immediate Release August 26th 2008 CELTIC SEA OPERATIONAL UPDATE

COMPLETION OF HOOK HEAD DRILLING OPERATIONS o Hydrocarbons logged in north-west flank o Well 50-11/4 to be plugged and abandoned

DUNMORE DRILLING OPERATIONS TO START o Drilling expected to commence within 10 days Providence, the AIM (London) and IEX (Dublin) listed oil & gas exploration and production company, today announces that it has concluded the appraisal drilling operation on the north-west flank of its Hook Head oil discovery in Standard Exploration Licence 2/07 in the North Celtic Sea Basin, offshore southern Ireland. The Company is now preparing to commence drilling operations on its nearby Dunmore oil discovery. The Hook Head appraisal well (50/11-4) was drilled on the north-west flank of the Hook Head structure using the Transocean semi-submersible GSF Arctic II rig and was spudded on August 5th, 2008. The well was successfully drilled to a total depth (TD) of 4,875 feet true vertical depth subsea (TVDSS). All geological horizons in the Wealden sand package were within the pre-drill depth …