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Deltic Energy's Selene prospect 'even more attractive than first anticipated' says CEO Swindells

Deltic Energy PLC's (LON:DELT) Graham Swindells caught up with Proactive London's Andrew Scott after announcing a material upgrade to gas estimates for the Selene prospect which is part of its North Sea exploration portfolio alongside Royal Dutch Shell PLC (LON:RDSB). The estimated chance of success has also been lifted significantly to now stand at 70% - up from 39% in the previous estimate. Swindells also discusses processed 3D seismic data which has been provided by Shell over the Pensacola Zechstein Reef prospect. The data package includes new Bluewater seismic data, acquired by Shell in August 2019, which has been merged with reprocessed legacy 3D data.

Quick facts: Deltic Energy PLC

Price: 1.2 GBX

Market: AIM
Market Cap: £16.87 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...

3 weeks, 2 days ago

2 min read