Licence P2252 - Completion of Site Survey

RNS Number : 2133M

Deltic Energy PLC

20 September 2021

 

20 September 2021

Deltic Energy Plc / Index: AIM / Epic: DELT / Sector: Natural Resources

Deltic Energy Plc ("Deltic" or 'the Company')

Licence P2252 - Completion of Site Survey

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 geophysical site survey 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 and without incident.  Data collection commenced on 8 September and was completed on 14 September with demobilisation commencing shortly thereafter.  The results of this initial phase of the survey will be interpreted and, if required, a second geotechnical phase incorporating the collection of samples from the seabed will be undertaken before the end of the year.

Graham Swindells, Chief Executive of Deltic Energy, commented:

"The completion of the site survey on Pensacola is a key part of the well planning process and represents another important milestone as the Deltic-Shell JV continues the preparatory works in advance of drilling. We look forward to progressing through the planning phase as we get closer to drilling this high impact prospect."

**ENDS**

For further information please contact the following:

Deltic Energy Plc	Tel: [phone]
Graham Swindells / Andrew Nunn / Sarah McLeod
Allenby Capital Limited (Nominated Adviser & Joint Broker)	Tel: [phone]
David Hart / Alex Brearley (Corporate Finance)
Kelly Gardiner (Sales and Corporate Broking)
Stifel Nicolaus Europe Limited (Joint Broker)	Tel: [phone]
Callum Stewart / Simon Mensley / Ashton Clanfield
Vigo Consulting (IR & PR Adviser)	Tel: [phone]
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.

 

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