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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 tandem with existing exploration partner Shell, with Deltic holding 30% and Shell owning 70%. The other five are 100% held by Deltic.

Quick facts: Deltic Energy PLC

Price: 0.875 GBX

AIM:DELT
Market: AIM
Market Cap: £12.3 m
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on 3/9/20

2 min read