Ireland

San Leon holds a 4.5% Net Profit Interest (NPI) on Standard Exploration Licence 1/11 (Barryroe) which is located in the North Celtic Sea, offshore Ireland. The Barryroe field has had six hydrocarbon bearing wells successfully drilled on structure. On 28th March 2018 Providence Resources announced that, along with it’s partner, it had agreed to farm-out a 50% working interest in the Licence to a Chinese consortium led by APEC Energy Enterprise Ltd. On 20th September 2018, Providence Resources further announced the signing of the binding farm-out with APEC which included a carry for 4 vertical wells and one horizontal sidetrack, plus the optional drilling of two additional horizontal wells, together with cash advances for agreed project and operational costs. Further information is available from Providence Resources’ web site and press releases at www.providenceresources.com.