Overview

The combination of board and management talent, together with Providence's major shareholder worldwide network, presents a unique ability to succeed on the international stage. 

Providence has appropriate experience in the financing of large developments and is well equipped to plan and access finance for a wide range of activities and projects in the international arena.  The company has in place a US$250 million revolving credit facility with Macquarie Bank, an international bank specialising in the energy sector. This facility was established to facilitate the financing of acquisition and development opportunities. Providence has established banking relations with a number of other international financial institutions.

Since its formation, Providence has built a diversified portfolio of oil and gas exploration licences and concessions with the key focus in recent years being the pursuit of exploration and appraisal interests in Europe, Asia and North America.

The geological spread of interests conforms with Providence’s policy of confining activity to those areas where the management has experience in operations resulting in a highly manageable portfolio of interests.  

The company’s board and management have a well-established background in the oil and gas business having worked closely with many major companies throughout the world. Providence works with companies including ExxonMobil, Chevron, Chrysaor, Star Energy (a subsidiary of Petronas) and Challenger Minerals (a subsidiary of Transocean Inc).