Providence Pins Hopes On Dunquin [Eire Region]

Daily MailAugust 13, 2009

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Summary


PROVIDENCE Resources is banking on its senior partners in the Dunquin exploration licence to help move the company into the big leagues.

The Dunquin consortium - which includes ExxonMobil and Italian energy giant Eni - has formally committed to sinking a well in the licence's second exploratory phase.

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Extract


Providence Pins Hopes On Dunquin [Eire Region]

Providence owns a 16pc interest in the licence, while ExxonMobil and Eni own 40pc each.

The commitment to invest...

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