NAGPUR (Agencies) - Ireland captain William Porterfield is confident his side can confound their underdog status and progress from the group stages of the World Cup. England, South Africa, co-hosts India and the West Indies are fancied to qualify from Group B but skipper Porterfield is undaunted. "I think we have a great chance of getting out of our group," he said. "We'll be pretty well prepared come our first match group match (against Bangladesh) on 25 February." Ireland faced a similarly daunting challenge in their maiden World Cup four years ago before recording a memorable St Patrick's Day win over Pakistan to reach the Super Eights. Porterfield was part of that side and believes they can once again upset the odds. Speaking ahead of Ireland's warm-up game against New Zealand in Nagpur, India on Saturday, Porterfield added: "The top four out of seven get there (to the quarter-finals) and then there is the knockout stage where anything can happen. "Obviously, we'll be looking to get used to the conditions, but we were out in India before Christmas and we've already been together a couple of weeks." Porterfield, who plays county cricket for Warwickshire, ranks the current squad as better than the one which shocked everyone with their efforts in 2007. Jeremy Bray and Dave Langford-Smith may have retired, while Eoin Morgan transferred his allegiance to England, but the 2011 squad includes young talents such as Paul Stirling and George Dockrell plus the experienced Ed Joyce. In all, 13 of the 15-man squad are now professional players, a significantly higher figure than the largely amateur class of 2007. Seven of the party have county deals and six more are contracted by Cricket Ireland, meaning only Nigel Jones and Andrew White hold down day jobs. "That has been a big strength of the last couple of years," added Porterfield. "We have been able to improve our games by playing day in, day out. The professional set-up is where we've really moved on. "We have got players who can fit any occasion we come up against and I think we have a well-balanced squad going into this tournament."