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Deltic Energy looking ahead to further farmouts and says Shell still committed to drilling next year

Graham Swindells, CEO of Deltic Energy PLC (LON:CLNR), formerly Cluff Natural Resources, tells Proactive's Andrew Scott they're fully committed alongside partner Shell to drill the Pensacola and Selene prospects which is expected to begin in the second half of next year.

Swindells adds that they've been continuing to work on its other prospects which he says are already attracting 'encouraging' early interest and he's looking to kick off the farm-out process on a further two of them this year.

Quick facts: Deltic Energy PLC

Price: 0.8899 GBX

AIM:DELT
Market: AIM
Market Cap: £12.51 m
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Deltic Energy doubles number of licenses in portfolio with six new deals

Deltic Energy PLC's (LON:DELT) Graham Swindells speaks to Proactive London after landing six awards in the UK government’s latest offshore licensing round. These provisionally awarded 6 new licences nearly doubles the number of licences in the portfolio from 7 to 13. One of the six awards is in...

on 4/9/20

2 min read