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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
05/22/201622:30:00Netanyahu Approves Deal to Develop Israel's Natural-Gas Fields
05/22/201612:20:00Netanyahu Approves Deal to Develop Israel's Natural-Gas Fields
05/22/201612:19:00Netanyahu Approves Deal to Develop Israel's Natural-Gas Fields
05/16/201616:15:00Noble Energy to Present at Upcoming Energy Conference
05/16/201607:10:00Range Resources To Buy Memorial Resource for $3.3 Billion
05/10/201614:46:20Amended Statement of Ownership (sc 13g/a)
05/05/201607:00:00CONE Midstream Reports First Quarter Results
05/04/201611:18:06Quarterly Report (10-q)
05/04/201609:37:00U.S. Hot Stocks: Hot Stocks to Watch
05/04/201608:33:00Noble Energy Loss Widens
05/04/201607:58:47Current Report Filing (8-k)
05/04/201607:00:00Noble Energy Announces Solid First Quarter 2016 Results
05/03/201618:14:00Synergy Resources to Acquire Assets From Noble Energy for $505...
05/03/201616:05:00Noble Energy Sells Certain Greeley Crescent Acreage in DJ Basin...
05/02/201616:40:30Statement of Changes in Beneficial Ownership (4)
05/02/201616:38:20Statement of Changes in Beneficial Ownership (4)
05/02/201616:30:00Noble Energy to Present at Upcoming Energy Conference
04/28/201611:46:08Noble Energy Declares Quarterly Dividend
04/27/201616:44:25Current Report Filing (8-k)
04/21/201608:58:00CONE Midstream Increases Quarterly Cash Distribution

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