Deltic Energy PLC Pensacola Drilling Update (9489D)
25 Oktober 2022 - 8:00AM
UK Regulatory
TIDMDELT
RNS Number : 9489D
Deltic Energy PLC
25 October 2022
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 which forms part of
domestic UK law pursuant to the European Union (Withdrawal) Act
2018 ("UK MAR") . With the publication of this announcement via a
Regulatory Information Service, this inside information is now
considered to be in the public domain.
Deltic Energy Plc / Index: AIM / Epic: DELT / Sector: Natural
Resources
25 October 2022
Deltic Energy Plc ("Deltic" or "the Company")
Pensacola Drilling Update
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, announces that Shell
UK Ltd ("Shell"), the Operator of Licence P2252, has indicated that
the preparations are now underway to move the Maersk Resilient
drilling rig to the Pensacola location and mobilisation is planned
to occur in early November with the well expected to commence
drilling in mid-November.
The Company looks forward to providing a further update when the
rig is on site at Pensacola and drilling has commenced.
**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.
About Pensacola
Pensacola is a Zechstein Reef prospect located to the north west
of the Breagh gas field in the Southern North Sea. Deltic estimates
the prospect to contain gross P50 Prospective Resources of 309 BCF,
with a 55% geological chance of success, which will rank Pensacola
as one of the highest impact exploration targets to be drilled in
the gas basin in recent years.
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END
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