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AIM:DELTFRA:7RC
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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.

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Price: 2.0698 GBX

Market Cap: £29.1 m

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Deltic Energy present details of farm-out deal with Cairn Energy PLC and how...

Graham Swindells, CEO of Deltic Energy PLC (AIM:DELT) (LON:CLNR) explains to Proactive London how the company will benefit from a farm-out deal with Cairn Energy PLC (LSE:CNE) (LSE:CNE) (LSE:CNE) for five licences in the Southern North Sea. Cairn will acquire between 60% and 70% of the...

on 18/8/21

2 min read