RE: Shell drill decision9 Oct 2020 19:37
There is always a risk that she'll could not commit to the drill. However, I prefer to listen official news, which was actually released after that article, rather than pure speculation.
Deltic RNS 13.08.2020
"The Deltic-Shell partnership is now working on updating the interpretation of the Pensacola structure and is committed to meeting its timelines under the licence terms, including the Contingent Well Commitment becoming firm on 1 December 2020. Under the terms of the farm-out agreement with Shell, 100% of Deltic's costs including seismic acquisition, processing and technical workflows to support a well investment decision are being carried by Shell."
Deltic and Shell are working on still the Pre drill seismic together. I think it's fair to say they would know if anyrhing had changed.
When a non holder decides its time to start casting doubts on a companies future with no apparent good cause theres only one conclusion.
And by the way foxe you do realise that the POO has nothing impact on DELTs JV with Shell.