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Deltic Energy announce Shell UK has reiterated commitment to drilling of Pensacola well

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 planning, including design work and rig scoping has already begun.

He discuss the 'drilling opportunities' that were awarded during the UK government’s latest offshore licensing round, which resulted in being awarded 6 new licences nearly doubling the number of licences in the portfolio from 7 to 13.

Quick facts: Deltic Energy PLC

Price: 1.775 GBX

Market: AIM
Market Cap: £24.96 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