Strategy

To build value and generate sustainable incremental wealth for the Company and its shareholders.

Providence’s strategy is to assemble material equity positions in a portfolio of assets offshore Ireland, combining existing discoveries with near field exploration prospects to maximise overall economics and reduce risk profile.  

o    Balanced portfolio of licenses with Irish focus
o    Value creation for shareholders by appraisal drilling to progress 2C resources to 2P reserves
o    Investment decisions designed to maximise return and minimise risk
o    Phased development approach to accelerate cashflow and mitigate development capex and risk
o    Target low risk exploration with potential for early cashflow
o    Actively evaluate M&A and asset swap opportunities