Providence shoots new 2D seismic offshore Nigeria

Date: 5 Oct 2009

Providence Resources reports the successful acquisition of a new 2D seismic survey over its Oil Mining Lease 113 (OML 113) in the Benin Embayment, offshore Nigeria. This new 2D survey was acquired by Petroleum Geo-Services (PGS) using the vessel M.V Falcon Explorer and extended over a total line length of c. 130 kilometers.

OML113 contains the Aje Field, which is operated by Yinka Folawiyo Petroleum Company Limited ('YFP'), with Chevron Nigeria Deepwater H Limited ('Chevron') acting as Technical Advisor to the Operator. The other partners in OML113 are Vitol Exploration Nigeria Limited ('Vitol'), Energy Equity Resources Aje Limited ('EER') and PR Oil and Gas Nigeria Limited ('Providence').

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