Pensacola and Selene Update

Deltic Energy PLC

18 December 2023

 

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

18 December 2023

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

Pensacola and Selene Update

Deltic Energy Plc, the AIM-quoted natural resources investing company with a high impact exploration, appraisal and development portfolio focused on the Southern North Sea ("SNS"), is pleased to provide a further update on progress on Pensacola and Selene.

Pensacola

The JV has now finalised the positive well investment decision on Licence P2252 and approved the 2024 work programme and budget that allows for drilling the Pensacola appraisal well in late 2024.

Selene

Shell U.K. Ltd, the Operator of Licence P2437, has informed Deltic that the geotechnical site investigation works on the preferred surface location of the Selene exploration well has been successfully completed and the vessel has been de-mobilised from site. The results of this work will be incorporated into the operational drilling plan. The well remains on track to be drilled in Q3 of 2024.

**ENDS**

For further information please contact the following:

Deltic Energy Plc	Tel: [phone]
Graham Swindells / Andrew Nunn / Sarah McLeod
Allenby Capital Limited (Nominated Adviser)	Tel: [phone]
David Hart / Alex Brearley (Corporate Finance)
Stifel Nicolaus Europe Limited (Joint Broker)	Tel: [phone]
Callum Stewart / Simon Mensley / Ashton Clanfield
Canaccord Genuity Limited (Joint Broker) Adam James	Tel: [phone]
Vigo Consulting (IR Adviser)	Tel: [phone]
Patrick d'Ancona / Finlay Thomson / Kendall Hill

 

END