Deltic Energy PLC - natural resources investing company - Formally awarded six licences in UK's latest offshore licensing round. Takes 30% stake in one licence in southern North Sea, 100% interest in four other licences in southern North Sea and a 100% holding in a central North Sea licence. "The board views these blocks as highly prospective and containing a variety of exploration prospects which will significantly enhance both the pipeline of potential drilling opportunities and the overall prospective resources associated with the company's assets as these areas are matured during the initial term of the licences," Deltic says.
Current stock price: 1.28 pence
Year-to-date change: down 19%
By Eric Cunha; ericcunha@alliancenews.com
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Deltic Energy (DELT)