Deltic Energy PLC Commencement of Well Testing (3077M)
11 1월 2023 - 4:00PM
UK Regulatory
TIDMDELT
RNS Number : 3077M
Deltic Energy PLC
11 January 2023
The information contained within this announcement is deemed by
the Company to constitute inside information under UK MAR. With the
publication of this announcement, this inside information is now
considered to be in the public domain.
Deltic Energy Plc / Index: AIM / Epic: DELT / Sector: Natural
Resources
11 January 2023
Deltic Energy Plc ("Deltic" or "the Company")
Pensacola Exploration Well - Commencement of Well Testing
Deltic Energy Plc, the AIM-quoted natural resources investing
company with a high impact exploration and appraisal portfolio
focused on the Southern and Central North Sea, is pleased to
announce that Shell, the Operator of exploration well 41/05a-2 on
Licence P2252 (Shell 65%, Deltic 30%, ONE-Dyas 5% Working
Interests), in the Southern North Sea has reported that gas has
been encountered in the reservoir and has recommended to the Joint
Venture ('JV') that a full well testing programme be
undertaken.
The JV has endorsed the Operator's recommendation to undertake a
full well test to evaluate the commerciality of the Pensacola
prospect and update the geological model.
Deltic will provide a drilling update announcement in respect of
Pensacola on completion of well testing which is expected to take
approximately 30 days.
Graham Swindells, Chief Executive of Deltic Energy,
commented:
"We are very pleased to have encountered hydrocarbons in the
Pensacola exploration well at this intermediate stage of well
operations. We now look forward to working with the Operator on the
well testing programme, and will update the market once that
programme is completed."
**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) Tel: +44 (0) 20 3328
5656
David Hart / Alex Brearley (Corporate Finance)
Stifel Nicolaus Europe Limited (Joint Broker) Tel: +44 (0) 20 7710
7600
Callum Stewart / Simon Mensley / Ashton
Clanfield
Canaccord Genuity Limited (Joint Broker) Tel: +44 (0) 20 7523
Adam James / Gordon Hamilton 8000
Vigo Consulting (IR Adviser) Tel: +44 (0) 20 7390
0230
Patrick d'Ancona / Finlay Thomson / K endall
Hill
About Deltic Energy Plc
Deltic has created a strategically located portfolio of
high-quality gas exploration licences in the Southern North Sea
over a number of 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 any future developments on Deltic's licence
acreage.
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END
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