PROVIDENCE RES. Providence Resources P.L.C.: Irish Un Climate Action Speech
24 Septiembre 2019 - 3:48AM
UK Regulatory
TIDMPVR
Dublin and London -- September 24, 2019 - Providence Resources P.l.c.
(PVR LN, PRP ID), the Irish based Energy Company ("Providence" or the
"Company"), notes yesterday evening's announcement at the UN Climate
Action Summit by An Taoiseach, Leo Varadkar, which stated the Irish
Government's intention to phase out oil exploration licences in the
future.
The Company believes that the phasing out only relates to the issuance
of future oil licences and the Company presumes that all of the options,
licences and leases already in place will be allowed to progress for
their full duration.
Providence has a large exploration and appraisal portfolio offshore
Ireland and the Company will be seeking clarification of the situation
through the offices of the Irish Offshore Operators' Association
("IOOA"). IOOA is the representative organisation for the Irish
offshore oil and gas industry. Its members are companies licensed by
Government to explore for and produce oil and gas in Irish waters.
The IOOA spokesperson/CEO made the following statement on the IOOA
website:
"IOOA look forward to seeing the full detail of the proposals to be
outlined in the Taoiseach's speech at the Climate Action Summit this
evening. In particular we look forward to receiving the exact detail of
the proposed implementation of today's announcement regarding future
exploration in Ireland. Our members remain committed to Ireland's
efforts to transition to renewable energy, however energy security for
Ireland is an important part of that process and we will seek a meeting
with Government in relation to the matter in the coming weeks."
https://www.globenewswire.com/Tracker?data=zP1ypOT_Q7ydOA8Y7Wk03CcQtErqBBm3yoamK4ejXJkTmfsy3GI3cS7FDNOU2j7OldY6b5NNxtNg6v8-xLfMNzOoydSlP-ippa4Gpufx2t_E7aIR5omADznHmXIexSrXUGKB3DQ2htg4k8CYvb3giHC2qW-LV9sthMAOLgWZd-ADRMg0CQkoBzAiNeOaYkHjZ4CqchZJDzkVgpFGe2P-1PFIbJ5eJvGXPSKSlWIzb-k=
https://www.iooa.ie/iooa-response-to-remarks-by-an-taoiseach-nyc-23rd-sept/
Providence is working closely with its colleagues at IOOA on this
important matter and the Company will provide further updates in due
course.
INVESTOR ENQUIRIES
--------------------------------------
Providence Resources P.l.c. Tel: +353 1 219 4074
Tony O'Reilly, Chief Executive Officer
Cenkos Securities plc Tel: +44 131 220 9771
Neil McDonald/Derrick Lee
J&E Davy Tel: +353 1 679 6363
Anthony Farrell
Mirabaud Securities Limited Tel: + 44 20 3167 7221
Peter Krens
MEDIA ENQUIRIES
--------------------------------------
Powerscourt Tel: +44 207 250 1446
Peter Ogden
Murray Consultants Tel: +353 1 498 0300
Pauline McAlester
ANNOUNCEMENT & FORWARD-LOOKING STATEMENTS
This announcement contains certain forward-looking statements. Actual
results may differ materially from those projected or implied in such
forward-looking statements. Such forward-looking information involves
risks and uncertainties that could significantly affect expected
results. No representation is made that any of those statements or
forecasts will come to pass or that any forecast results will be
achieved. You are cautioned not to place any reliance on such statements
or forecasts. Those forward-looking and other statements speak only as
at the date of this announcement. Providence Resources P.l.c undertakes
no obligation to update any forward-looking statements.
ABOUT PROVIDENCE RESOURCES PLC
Providence Resources is an Irish based Oil & Gas Energy Company with a
portfolio of appraisal and exploration assets located offshore Ireland.
Providence's shares are quoted on the AIM in London and the Euronext
Growth Market in Dublin. Further information on Providence can be found
on
https://www.globenewswire.com/Tracker?data=HjERloY4NWSj1_mW2EHJCgdK3xF_xT0KzGnY9SkBsjGHlHp1jdBZ4WC45vpSXoKLpktexN2pUdN-q7tpCDWX9IUy0tftxM7ZjiCXa4LCYZTjgWl_tLINuxde0BagIKyq
www.providenceresources.com
(END) Dow Jones Newswires
September 24, 2019 04:48 ET (08:48 GMT)
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