Deltic Energy PLC Licence P2252 Pensacola -- Site Survey Contractor (5055Z)
May 24 2021 - 01:00AM
UK Regulatory
TIDMDELT
RNS Number : 5055Z
Deltic Energy PLC
24 May 2021
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 which forms part of
domestic UK law pursuant to the European Union (Withdrawal) Act
2018 ("UK MAR") . With the publication of this announcement via a
Regulatory Information Service, this inside information is now
considered to be in the public domain.
24 May 2021
Deltic Energy Plc / Index: AIM / Epic: DELT / Sector: Natural
Resources
Deltic Energy Plc ("Deltic" or "the Company")
Licence P2252 Pensacola Well - Site Survey Contractor
Deltic Energy Plc is pleased to announce that Shell U.K. Limited
("Shell" or the "Operator"), its Joint Venture Partner and Operator
of Licence P2252, has appointed Fugro GB North Marine Limited to
carry out geophysical and geotechnical site survey works over the
Pensacola Prospect in preparation for the drilling of the Pensacola
exploration well.
The site survey is expected to commence at the end of July 2021
and be completed in Q3 2021.
Graham Swindells, Chief Executive of Deltic Energy,
commented:
"The commissioning of the site survey is a key part of the well
planning process and represents an important milestone as the Joint
Venture continues the preparatory works required in advance of the
drilling of the high impact exploration well on the Pensacola
prospect. We look forward to continuing to progress through the
planning phase towards drilling in May 2022."
**ENDS**
For further information please contact the following:
Deltic Energy Plc Tel: +44 (0) 20 7887
2630
Graham Swindells / Andrew Nunn / Sarah McLeod
Allenby Capital Limited (Nominated Adviser Tel: +44 (0) 20 3328
& Joint Broker) 5656
David Hart / Alex Brearley (Corporate Finance)
Kelly Gardiner (Sales and Corporate Broking)
Stifel Nicolaus Europe Limited (Joint Broker) Tel: +44 (0) 20 7710
7600
Callum Stewart / Simon Mensley / Ashton
Clanfield
Vigo Consulting (IR Adviser) Tel: +44 (0) 20 7390
0230
Patrick d'Ancona / Chris McMahon / Simon
Woods
About Deltic Energy Plc
Deltic Energy plc (DELT.L) is an AIM-quoted natural resources
investing company focused on high impact natural gas and oil
exploration within the well-established basins of the UK
Continental Shelf (UKCS). Led by a small group of highly
experienced industry professionals, the Company is set on unlocking
hydrocarbon opportunities that will help fuel the energy transition
and that align with the UK's goal of achieving Net Zero by
2050.
Deltic's current portfolio spans the Southern and Central North
Sea basins and boasts a significant gross P50 prospective resource
base of approximately 480 million barrels of oil equivalent (mmboe)
across 13 licences containing multiple identified prospects. This
unique conveyer belt of opportunities offers exposure to high
quality, low risk, low cost projects at various stages of maturity,
ranging from the drill-ready Deltic-Shell JV prospects of Pensacola
and Selene to the farm-out ready prospects of Cupertino, Cadence,
Cortez and Dewar. Deltic's portfolio of prospects was further
enhanced in 2020 with the award of an additional six licences by
the UK Oil and Gas Authority (OGA) in the 32(nd) Offshore Licensing
Round.
Detailed information on the Company and progress to date can be
accessed on the website www.delticenergy.com.
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END
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