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Oil Capital
EPIC: PVR
Market: AIM
52-week High/Low: 17.90p / 9.18p
Sector: Oil & Gas
Market Cap: 81.43M

Providence Resources is an Irish based Oil and 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.

Since its formation, Providence has built a diversified portfolio of oil and gas exploration licences and concessions with the key focus being the pursuit of...

Providence Resources PLC

www.providenceresources.com

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Big picture - Why invest in Providence Resources PLC

Providence Resources PLC Snapshot

Providence’s strategy is to assemble a material equity position in a portfolio of assets offshore Ireland combining existing discoveries with new prospects to improve overall economics and reduce risk profile in order to realise value and to generate sustainable incremental wealth for the Company and its shareholders.
  • 100% Irish focus with with “first mover advantage” of over 20 years operating experience in the proven North Celtic Sea and Porcupine Basins
    • Most diversified portfolio of licenses
    • More well & seismic data than any other Operator offshore Ireland
    • Ability to drive / truncate timelines
  • Leverage in industry partners through farm outs and option deals
    • Since 2004, drilling deals  agreed with Eni, Repsol, ExxonMobil, Cairn & TOTAL leveraging in $300 million of industry co-investment
    • YTD 2017, generated incremental investment of >$45 million from commercial transactions with Cairn/TOTAL
  • Portfolio de-risking through 3D seismic & drilling
    • Significant shallow (100m) to harsh environment UDW (2,000m+) operational drilling capability
    • Since 2004, Providence and its partners have drilled 7 wells (6 operated) and participated in 14 seismic surveys - investing c. US$ 550 million
    • Value creation for shareholders through drilling  by transforming 2C resources to 2P status
  • Actively evaluate M&A and asset swap opportunities

Click here to view current operations.

Pat Plunkett
- Chairman
Pat Plunkett was appointed Non-Executive Chairman of the Company in October 2016.  He was previously Non-Executive Chairman of Tullow Oil Plc from 2000 to 2011 during which time Tullow grew from a small cap Oil & Gas plc to become Africa's leading independent oil company and a constituent of the UK's FTSE100.  He is currently Executive Chairman of T5 Oil and Gas Ltd, a private company he founded in 2013 and which is focused on acquiring oil and gas assets in Africa and the Middle East.  Pat has over 30 years’ experience in the financial services sector.  He was a founding partner of the Riada & Co stockbroking and corporate finance businesses and following their acquisition by ABN AMRO NV, he continued to manage these businesses until 1998.  He is a former director of the Irish Stock Exchange.


Tony O'Reilly, BA
- Chief Executive
Tony O’Reilly has been Chief Executive of Providence Resources P.l.c. since 2005, having founded the Company in 1997 and he has served as a Director since its incorporation. He has previously worked in mergers and acquisitions at Dillon Read and in corporate finance at Coopers and Lybrand, advising natural resource companies. He served as Chairman of Arcon International Resources P.l.c. (having been Chief Executive from 1996 to 2000) until April 2005 when Arcon merged with Lundin Mining Corporation.


Dr. John O’Sullivan, PhD CGeol, FGS
- Technical Director
John O’Sullivan is a geology graduate of University College, Cork and holds a Masters in Applied Geophysics from the National University of Ireland, Galway. He also holds a Masters in Technology Management from the Smurfit Graduate School of Business at University College, Dublin and a doctorate in Geology from Trinity College, Dublin. John is a Chartered Geologist and a Fellow of the Geological Society of London. He is also a member of the Petroleum Exploration Society of Great Britain, the Society of Petroleum Engineers and the Geophysical Association of Ireland. John has more than 28 years experience in the oil and gas exploration and production industry having previously worked with both Mobil and Marathon Oil. John is a qualified person as defined in the guidance note for Mining Oil & Gas Companies, March 2006 of the London Stock Exchange.


James S.D. McCarthy, MBA
- Non-Executive Director
James McCarthy was appointed as a Non-Executive Director of the Company in May 2005 and held the position of Non-Executive Chairman from May 2015 until the appointment of Pat Plunkett in October 2016. Mr McCarthy holds a Bachelor Degree in Civil Law, an MBA from the University of Pittsburgh and is a qualified solicitor. He is Chief Executive of Nissan Ireland and a Director of Corporate Finance Ireland Limited, Windsor Motors and Rockall Technologies Limited and a number of other companies. Mr McCarthy is a former Director of Arcon International Resources P.l.c.


Lex Gamble, MBA
- Non-Executive Director
Lex Gamble was appointed as a Non-Executive Director of the Company in August, 2005. Mr. Gamble holds a Bachelor of Arts Degree from the University of Washington, and a Masters Degree from Harvard Business School. He is a Director of Cardiac Insights Inc. and a former Director of Harris Private Bank NA, Northwestern Trust Co., Keystone Capital Corp., General Nutrition Corp. and Ashford Castle. He has been an investment banker for over 35 years serving as a Managing Director of Smith Barney, Morgan Grenfell and Kidder Peabody. He has provided strategic advice to more than 200 U.S. and international companies, including several in the FTSE 100 and Fortune 500.


Philip O'Quigley, B. Comm. FCA
- Non-Executive Director
Philip O’Quigley was Finance Director of Providence Resources from June 2008 until his appointment as Chief Executive Officer of Falcon Oil & Gas in May 2012. Philip continues to serve the Company in his capacity as Non-Executive Director. Philip has over 20 years’ experience in finance positions in the oil and gas industry. His career spans a number of London and Dublin listed resources companies. He is the chairperson of the Onshore Petroleum Association of South Africa. Philip is a fellow of the Institute of Chartered Accountants in Ireland and qualified as a Chartered Accountant with Ernst & Young.


Dr. Angus McCoss, PhD
- Non-Executive Director
Angus McCoss joined the board as a non-executive director in June 2017. Angus holds a PhD in Structural Geology and is a member of the Advisory Board of the industry-backed Energy and Geoscience Institute of the University of Utah. Angus is the Exploration Director and main Board Director of Tullow Oil plc, a leading independent oil & gas, exploration and production group, quoted on the London, Irish and Ghanaian stock exchanges. Angus joined Tullow in 2006 following 21 years of wide-ranging exploration experience, working primarily with Shell in Africa, Europe, China, South America and the Middle East. Angus held a number of senior positions at Shell, including Regional Vice President of Exploration for the Americas and General Manager of Exploration in Nigeria.


Críona Ryan
- Company Secretary
Ms. Críona Ryan has worked in the Commercial and Legal Department at Providence since 2011; she has a BA, LLB and LLM in Law and she is a member of the Law Society, having qualified as a Solicitor in 2011.

Significant Shareholders (3% or over):
at 24th September 2018

Shareholder name Percentage
M&G Investment Management Limited 14.67%
Pageant Holdings Limited 12.02%
Merseyside Pension Fund 7.20%
The Capital Group Companies, Inc. 5.90%
Kite Lake Capital Management (UK) LLP 5.05%
Goldman Sachs International 5.05%
Marlborough Fund Managers Ltd 4.86%
BlackRock Inc. 3.51%

 

Providence Resources P.l.c.
Airfield House
Airfield Park
Donnybrook
Dublin D04 CP49
Ireland

Tel:   +353 1 2194074
Fax:  +353 1 2194006
Email: [email protected]

Secretary and Registered Office

Críona Ryan
Providence Resources P.l.c.
Airfield House
Airfield Park
Dublin D04 CP49
Ireland
www.providenceresources.com
Tel: +353 1 219 4074
Fax: +353 1 219 4006

UK Representative Office

Third Floor
5 Jubilee Place
London SW3 3TD
United Kingdom

 

Registrar

Computershare Investor Services (Ireland) Limited
Heron House
Corrig Road
Sandyford Industrial Estate
Dublin D18 Y2X6
Ireland
http://www.computershare.com/ie
Tel: +353 1 447 5590

 

Nominated Adviser

Cenkos Securities Limited
6-7-8 Tokenhouse Yard
London EC2R 7AS
United Kingdom
http://www.cenkos.com/
Tel: +44 20 7397 8900

 

Irish Stockbrokers

J&E Davy
Davy House
48/49 Dawson Street
Dublin D02 PY05
Ireland
http://www.davy.ie/
Tel: +353 1 679 7788

 

UK Stockbrokers

Cenkos Securities Limited
6-7-8 Tokenhouse Yard
London EC2R 7AS
United Kingdom
http://www.cenkos.com/
Tel: +44 20 7397 8900

 

Auditors

KPMG Chartered Accountants and Registered Auditors
1 Stokes Place
St. Stephen's Green
Dublin D02 DE03
Ireland
https://home.kpmg.com/ie/en/home.html
Tel: +353 1 410 1000

 

Financial PR

Murray Consultants Limited
40 Lower Baggot Street
Dublin D02 Y793
Ireland
http://www.murrayconsult.ie/
Tel: +353 1 498 0300

Powerscourt
1 Tudor Street
London EC4Y 0AH
United Kingdom
http://www.powerscourt-group.com/
Tel: +44 20 7250 1446

 

Providence Resources P.l.c.
Airfield House
Airfield Park
Donnybrook
Dublin D04 CP49
Ireland

Tel:   +353 1 2194074 
Fax:  +353 1 2194006
Email: [email protected]

 

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