Deltic Energy expands North Sea footprint landing acreage in UK licensing round
The new acreage is described as “highly prospective”, containing a variety of exploration plays
Company
Deltic Energy PLC
LON:DELT
Deltic Energy PLC is a natural resources investing company with a high impact exploration and development portfolio focused on the Southern North Sea. The company aims to identify high-value exploration assets at a very early stage and bring them to fruition.
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Deltic Energy boasts strong balance sheet as North Sea exploration remains on-track
Alongside its partner, Shell, the AIM-quoted company is on-track for a well commitment decision later this year at the Pensacola prospect, with drilling potentially following in 2021
Deltic Energy’s North Sea asset valuation lifted by stockbroker
Allenby estimates a risked valuation of £146mln for the North Sea assets, and the 'success case' could see this rise to £276mln.
Deltic Energy aims to close the value gap
Cluff’s rebrand to Deltic Energy plc was approved at its latest AGM
Deltic Energy receives latest seismic data for Pensacola prospect in North Sea
"We are looking forward to continuing our work with Shell to progress the prospect towards drilling, which we expect to take place in the second half of 2021,” said chief executive Graham Swindells
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Deltic Energy reveals significant upgrade to Selene prospect’s gas estimates
Work with Shell has led to higher gas in place estimates and an upgraded chance-of-success estimate, ahead of proposed well drilling in 2022
Deltic Energy shares on positive ground as Reabold withdraws takeover interest
Deltic rejected Reabold's offer last month claiming it placed no value on its significant non-cash assets.