RNS Number : 2346N
Deltic Energy PLC
03 May 2024
 

 

Deltic Energy Plc / Index: AIM / Epic: DELT / Sector: Natural Resources

 

3 May 2024

 

Deltic Energy Plc ("Deltic" or "the Company")

Provisional Award of UKCS Licences - 33rd Offshore Licensing Round

 

Deltic Energy Plc, the AIM quoted natural resources investing company with a high impact exploration and appraisal portfolio focused on the Southern and Central North Sea, is pleased to announce that it has been provisionally awarded two licences over eight blocks and part blocks by the North Sea Transition Authority ("NSTA") in Tranche 3 of the UK's 33rd Offshore Licensing Round ("33rd Round"). 

 

The blocks provisionally awarded to the Company in Tranche 3 are as follows:

 

REGION

SUB-AREA

BLOCKS

SNS

Blackadder

47/5b, 47/10c, 48/6c

NE SNS

43/2b, 43/3b, 43/4b, 43/9, 43/14

                       

All blocks are being provisionally awarded to the Company on a 100% equity position and contain a mixture of small discoveries and low risk, infrastructure led exploration prospects in the Southern North Sea Gas Basin.

 

In light of the current fiscal and political environment, Deltic will carefully consider whether accepting further licences in the UK is in the best interest of the business and its shareholders.

 

The Company will update the market in due course.     

 

 

Graham Swindells, CEO of Deltic, commented:

 

"These further Tranche 3 provisional awards further demonstrate the ability of the Deltic team to identify and acquire valuable exploration and appraisal acreage within the UKCS. We will now assess each of the provisional awards and carefully consider which, if any, of these awards the Company will accept."

**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 5656

David Hart / Alex Brearley (Corporate Finance)


 

Stifel Nicolaus Europe Limited (Joint Broker)                       

  

Tel: +44 (0) 20 7710 7600

Callum Stewart / Simon Mensley / Ashton Clanfield


 

Canaccord Genuity Limited (Joint Broker)

Adam James / Ana Ercegovic

 

  

Tel: +44 (0) 20 7523 8000

Vigo Consulting (IR Adviser)                                        

Tel: +44 (0) 20 7390 0230

Patrick d'Ancona / Finlay Thomson / Kendall Hill  


 

 

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