Last checked at 22 Oct 2021 07:00
22 October 2021
Deltic Energy Plc / Index: AIM / Epic: DELT / Sector: Natural Resources
Deltic Energy Plc ("Deltic" or 'the Company')
Licence P2252 - Completion of Site Survey Programme
Deltic Energy Plc, the AIM quoted natural resources investing company with a high impact, natural gas focussed exploration and appraisal portfolio in the Southern North Sea, is pleased to announce that the Company and its Operating Partner, Shell U.K. Limited ("Shell"), have completed the final phase of the site survey programme over the planned Pensacola exploration well location on Licence P2252 in the Southern North Sea.
The survey, conducted by Fugro GB North Marine Limited, was completed on time, on budget and without incident. Data collection commenced on 16 October and was completed on 20 October with demobilisation commencing shortly thereafter. Accordingly, all site survey work is now complete.
The Pensacola exploration well remains scheduled to be spudded in Q2 2022. Shell has also confirmed that a rig is available to drill Pensacola.
Graham Swindells, Chief Executive of Deltic Energy, commented:
"The successful completion of the site survey programme, which is a key part of well planning and the final phase of preparatory offshore activities, represents the achievement of another important milestone in our steady progress towards drilling the Pensacola prospect."
**ENDS**
For further information please contact the following:
Deltic Energy Plc | Tel: +44 (0) 20 7887 2630 |
Graham Swindells / Andrew Nunn / Sarah McLeod | |
Allenby Capital Limited (Nominated Adviser & Joint Broker) |
Tel: +44 (0) 20 3328 5656 |
David Hart / Alex Brearley (Corporate Finance) | |
Kelly Gardiner (Sales and Corporate Broking) | |
Stifel Nicolaus Europe Limited (Joint Broker) |
Tel: +44 (0) 20 7710 7600 |
Callum Stewart / Simon Mensley / Ashton Clanfield | |
| |
Vigo Consulting (IR & PR Adviser) | Tel: +44 (0) 20 7390 0230 |
Patrick d'Ancona / Chris McMahon / Oliver Clark |
Notes to Editors
Deltic has created a strategically located portfolio of high-quality gas exploration licences in the Southern North Sea over several licensing rounds. These licences are located in areas that have been underexplored despite significant discoveries such as Tolmount, Breagh, Pegasus and Cygnus, most of which have gone on to be developed and could provide ready access to export infrastructure for future developments on Deltic's licence acreage.