Strategy

Providence's strategy has been to assemble a portfolio of producing assets in geo-politically safe areas, with a portfolio of offshore and onshore prospects, combining existing discoveries with large new prospects to improve overall economics and reduce risk profile.

Complimentary to this is the strategy to expand into gas storage initiatives offshore and onshore Ireland.

The Company also continues to evaluate acquisition of international prospects and niche business ventures in countries where Providence has strong links.

Providence's objective is to acquire strategic prospects and realise value to generate sustainable incremental wealth for the company and its shareholders.