Providence Resources, the Irish based exploration company, has provided an operational update regarding Frontier Exploration Licence (FEL) 2/14 located in the southern Porcupine basin. FEL 2/14 is operated by Providence Resources plc (56%) on behalf of its partners Capricorn Ireland Limited (a wholly-owned subsidiary of Cairn Energy PLC, 30%) and Sosina Exploration Limited (14%), collectively referred to as the “JV partners”.
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