hmmmm

Providence gets license to drill Dalkey

Irish energy prospector, Providence Resources, today said that it
has secured the exploration licence to go ahead with drilling on
its Dalkey Island prospect off the coast of Co Dublin

The group had announced its decision to drill there in late
September, saying a geochemical study on oil samples from a nearby
well had confirmed the presence of a highly mature "oil prone
source rock"

John O'Sullivan, Providence's technical director, said at the
time: "Having completed our technical assessment of the basin, the
partners have elected to progress the Dalkey Island prospect into
the drilling phase.

Providence said today it has been awarded Standard Exploration
Licence 2/11 in the Kish Bank Basin, offshore Dublin, by the the
Irish Department of Communications, Energy and Natural Resources

The licence has been granted for a period of up to six years, and
is split into two three-year phases. Providence holds a 50 percent
interest in the licence and operates on behalf of its partner Star
Energy

The licence contains the Dalkey Island exploration prospect and
the partners have committed to the drilling of at least one well
during the first phase. Providence and Star Energy have recently
commenced the application process for a foreshore licence over the
area in order to carry out well site survey and drilling operations

Dalkey Island is part of the Providence's ambitious US$120 million
exploration and development programme

It began with 3D seismic work and the drilling of the Barryroe
field - a development project in the Celtic Sea

Following on from Barryroe is a re-drill of the nearby Hook Head
field, which was first discovered in 1971

Mmmmmmmmm,dont like the sound of that

Great ....another resource sold out, and the threat to fishing grounds and access whats next .. higher fuel prices as well??? oh wait thats already here..heres your oil we bought off you for 20c you can have it back for 1.51