REG - Deltic Energy PLC - Pensacola and Selene Update

Deltic EnergyAnnouncement

18/12/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231218:nRSR0643Xa&default-theme=true

RNS Number : 0643X  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: +44 (0) 20 7887 2630

 Graham Swindells / Andrew Nunn / Sarah McLeod

 Allenby Capital Limited (Nominated                                               Tel: +44 (0) 20 3328 5656
 Adviser)

 David Hart / Alex Brearley (Corporate Finance)

 Stifel Nicolaus Europe Limited (Joint                                            Tel: +44 (0) 20 7710 7600
 Broker)

 Callum Stewart / Simon Mensley / Ashton Clanfield

 Canaccord Genuity Limited (Joint Broker)                                         Tel: +44 (0) 20 7523 8000

 Adam James

 Vigo Consulting (IR                                                              Tel: +44 (0) 20 7390 0230
 Adviser)

 Patrick d'Ancona / Finlay Thomson / Kendall Hill

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDFLFLFFELDLIV