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Pin to quick picksDeltic Energy Share News (DELT)

Share Price Information for Deltic Energy (DELT)

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Share Price: 1.65
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UK Oil & Gas Firms Win Several Licences In 32nd UKCS Licensing Round

Thu, 3rd Sep 2020 17:53

(Alliance News) - Several oil and gas companies have been offered several oil licences by the Oil & Gas Authority in the 32nd UKCS offshore licensing round.

Premier Oil PLC has been granted a 50% interest in blocks 42/28e and 42/29b in the licence east of the Tolmount field development area in the Southern gas basin, and a 40% non-operated stake in the licence to the west of the Tolmount FDA.

In addition, Premier, along with its joint venture partners were awarded block 28/9f, which is adjacent to its Catcher Area fields in the Central North Sea.

Premier Oil's shares closed 2.9% lower at 19.23 pence on Thursday in London.

Deltic Energy PLC was awarded six licences, covering 12 full and part blocks covering 2,155.5 square kilometres. Five of the licences are in the Southern North Sea, and the sixth licence in the Central North Sea.

Deltic's shares closed 4.2% higher at 0.86p.

Jersey Oil & Gas PLC was granted a 100% operating interest of part-block 20/5e, located within the Greater Buchan Area acreage, which contains an extension of the J2 oil discovery.

Jersey Oil & Gas ended up 5.6% at 133.00 pence.

Reabold Resources Ltd said its 35% investee Corallian Energy Ltd was offered full ownership in the Victory gas discovery in block 207/1a, the Laxford gas discovery and Scourie prospects in block 214/29c and 214/30c, and the Oulton oil discovery in block 3/11a.

Reabold's shares closed 0.7% lower at 0.76p.

Independent Oil & Gas PLC has been awarded four new UK Southern North Sea blocks, which are all adjacent to the company's existing assets and will within range of the Thames Pipeline.

Shares in Independent Oil & Gas ended 5.5% higher at 14.50 pence on Thursday.

United Oil & Gas PLC was provisionally awarded blocks 15/18e and 15/19c, which cover 225 square kilometres in an area close to the Marigold and Yeoman discoveries, as well as the substantial Piper, MacCulloch and Claymore oil fields.

The company shares closed down 1.9% at 3.53 pence.

Finally, Polo Resources Ltd said its 8.8% investee Hibiscus Petroleum Berhad has been awarded four licences as part of the licensing round. One block contains the Teal West discovery, while two are contiguous with the Cook field. Finally, block 15/17a is located eight kilometres from the Marigold field.

Polo's shares closes untraded on Thursday, last quoted at 1.30 pence.

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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