RE: Ship sunk11 Jun 2024 08:57
Extract from the Selene farm out RNS.. "This transaction, in combination with the existing Shell UK Ltd ("Shell") carry, results in Deltic retaining a 25% non-operated interest in Licence P2437 and having no exposure to 2024 drilling and testing costs up to a cost cap of USD$49M (gross), which is in excess of current success case well cost estimates provided by the Operator." Todays news is very disappointing but it was priced in.. 25% non-op interest in Selene is worth waiting for.