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Providence Resources Starts Singleton Drilling Program

LONDON -(Dow Jones)- Providence Resources PLC (PZQA.DB), an oil and gas exploration and production company, said Thursday it started drilling a new well Wednesday at the Singleton field, onshore U.K. which is expected to provide up to 500 barrels of oil equivalent per day, or BOEPD, of additional cumulative production. MAIN FACTS: -Singleton field is located in the Weald Basin and currently produces up to 900 BOEPD. -Field is operated by Providence (99.125%), with partner Noble Energy Inc (NBL) (0.8725%). -Drilling program, using the KCA Deutag T49 drilling rig, comprises the drilling of a new multi-lateral horizontal production well to the south west. -Drilling operations are expected to take up to 100 days and will entail the drilling of a main well-bore of 16,800 ft length, which should provide upwards of 4,000 ft gross exposure to the hydrocarbon reservoir. -A subsequent lateral is also planned which should provide a further 4,000 ft of gross reservoir exposure. -New well has been designed to allow for future acid stimulation, thereby providing further incremental production potential. -Well should see Company boosting production levels to 1,500 BOEPD through a series of initiatives at the field, including new wells, de-gasification of the plant and acid stimulation. -Shares at 0805 GMT unchanged at 227 cents valuing the company at EUR113.07 million. -By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; ian.walker@dowjones.com

Stock News for Noble (NBL)
DateTimeHeadline
08/31/201516:55:22Amended Current Report Filing (8-k/a)
08/31/201516:49:56Current Report Filing (8-k)
08/17/201516:18:51Statement of Changes in Beneficial Ownership (4)
08/17/201511:36:00CONE Midstream to Participate in Citi MLP Investor Conference
08/16/201522:45:42Israel Clears Deal for Gas-Field Development
08/16/201510:33:20Israel's Cabinet Approves Regulatory Scheme for Gas-Field Development
08/10/201517:06:53Statement of Changes in Beneficial Ownership (4)
08/07/201512:39:07Amended Current Report Filing (8-k/a)
08/05/201508:00:00CONE Midstream Reports Second Quarter Results
08/05/201506:01:38Notice of Effectiveness (effect)
08/03/201511:18:44Quarterly Report (10-q)
08/03/201509:47:22U.S. Hot Stocks: Hot Stocks to Watch
08/03/201509:07:09Noble Energy Reports Loss, 47% Decline In Revenue
08/03/201508:41:41Current Report Filing (8-k)
07/31/201512:32:41Noble Energy Revenue Seen Dropping--Earnings Preview
07/31/201506:15:56Current Report Filing (8-k)
07/30/201517:08:42Statement of Changes in Beneficial Ownership (4)
07/28/201517:14:22Post-effective Amendment to Registration Statement (pos Am)
07/22/201517:51:42Statement of Changes in Beneficial Ownership (4)
07/22/201509:05:00Technical Coverage on Independent Oil and Gas Stocks -- Noble...

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