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Providence Posts New Symbol and Exploration Update.


VANCOUVER, British Columbia -- Providence Resources, Inc. ("Providence") (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
: PVRS) today announced that the company has changed its name from "Healthbridge, Inc." to Providence and that the company's trading symbol Trading symbol

See: Ticker symbol
 will change from "HHBR" to "PVRS" effective at the open of business today.

Providence is further pleased to announce that Harding Company, Providence's lease operator, has completed drilling and has set casing on Providence's first two horizontal Barnett Shale wells in Comanche County, Texas Comanche County is a county located in the U.S. state of Texas. In 2000, its population was 14,026. Comanche is named for the Comanche Native American tribe. The seat of the county is Comanche6. Geography
According to the U.S.
: Steward # 1H and Nowell # 1H. Both wells had good drilling breaks and gas shows in the Barnett Shale pay zone. The Barnett Shale is approximately 130 feet thick and, typical of the rock quality seen in core counties of the Barnett Shale, has black and "greasy" pay zone rock. Final results will be available after the wells are fraced, completed, and tested. Harding has scheduled the fracing on the first two wells in Comanche County for the first week of November. The third location, Patton # 2H in Comanche County, Texas, has been drilled vertically and is being analyzed at this time. Providence has also authorized Harding Company to drill a fourth well in Comanche County as part of the first four-well pilot drilling program.

Additionally, Providence is working with Harding Company to facilitate the installation of a gas pipeline and gathering system from the Comanche County wells to the nearest available pipeline. Initial testing and well evaluation will commence upon completion of the first phase of the pipeline.

Providence and Harding Company have also designed a 3D seismic survey to identify the multi-pay prospect potential in Val Verde County, Texas Val Verde County is a county located in the U.S. state of Texas. In 2000, its population was 44,856. Its county seat is Del Rio6.

Val Verde, which means "green valley," was named for a Civil War battle.
, including the Ellenberger, Strawn Carbonate, Strawn-Wolfcamp-Canyon Sand, with additional potential in the Fusselman and Devonian Carbonates. Prospective drill depths range from 3,500 feet to 16,000 feet. Harding Company is working with seismic acquisition contractors who will be available in January 2007 to begin seismic exploration of the prospect.

Providence:

Providence, through its wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
, Providence Exploration, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, is an oil and natural gas exploration company with primary assets consisting of oil and gas leases. Providence owns a 90% working interest on 7,374 acres in Comanche & Hamilton Counties and an 82% working interest on 12,832 acres in Val Verde County.

Harding Company:

Harding (www.hardingcompany.com) is a privately held Texas corporation headquartered in Dallas, Texas. Harding has drilled and completed hundreds of wells in North Texas and has been drilling, completing, and producing gas from Barnett shale wells since 2002. Providence has signed joint exploration agreements with Harding to explore, develop, and produce oil and gas from the Comanche, Hamilton, and Val Verde leases.

Forward-Looking Statements:

A number of statements contained in this press release are forward-looking statements that are made pursuant to the safe harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 provisions of the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.

When a person begins a civil lawsuit, the person enters into a process called litigation.
 Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including the sufficiency of existing capital resources, uncertainties related to the exploration and development of Providence's leasehold oil and gas interests, the successful integration of acquisitions, and the ability to secure additional sources of financing. The actual results that Providence may achieve could differ materially from any forward-looking statements due to such risks and uncertainties. Providence encourages the public to read the information provided here in conjunction with its most recent filings on Form 10KSB KSB Kogod School of Business (American University)
KSB Kelley School of Business (Indiana University)
KSB Kantonsschule Am Brühl St.
 and Form 10QSB QSB Fading
QSB Qualified Small Business (IRS category)
QSB Queen Street Backpackers (Auckland, New Zealand)
QSB Quality System Basics
QSB Qualified Supplemental Benefit
QSB Quantum Singleton Bound
. Providence public filings may be viewed at www.sec.gov.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 9, 2006
Words:561
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