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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: 1.6 GBX

AIM:DELT
Market: AIM
Market Cap: £22.5 m
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Deltic Energy announce Shell UK has reiterated commitment to drilling of...

Deltic Energy's (LON:DELT) Graham Swindells talks to Proactive London about their JV Partner Shell reiterating their commitment to drilling the highly prospective Pensacola prospect. Swindells makes it clear that the Pensacola well remains on schedule for drilling in 2021, with the well...

on 5/11/20

2 min read