Providence’s strategy is to assemble material equity positions in a portfolio of assets offshore Ireland which combines 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