Deltic Energy plc said its future looked “extremely bright” as it moves into the development phase of its offshore gas interests in the southern North Sea (SNS). STRATEGY In audited results for 2022, chief executive Graham Swindells added the company expected to conduct appraisal work on Pensacola and Selene wells, “each of which will be […]
Tag: Deltic Energy plc
Capricorn plans fewer than 40 posts in the UK
Capricorn Energy plc today said that it aimed for a “substantially reduced headcount” in the United Kingdom allowing it to focus on its onshore oil assets in Egypt. REDUNDANCY PROCESS The news comes as the Edinburgh-based company’s new management starts a comprehensive strategic review of its business and the “several potential directions” for its future. […]
Deltic NED purchases one million shares
Deltic Energy plc non-executive director Peter Nicol has purchased one million ordinary shares of 0.5p each at a price of 2.6p. Mr Nicol is now beneficially interested in a total two million ordinary shares, representing approximately 0.11% of the voting rights in the company. The purchase took place. on 15 February
Deltic finds ‘milestone’ gas-light oil at Pensacola
Deltic Energy plc reported a “substantial hydrocarbon column” discovery at the Pensacola prospect on the joint venture (JV) licence P2252 in the southern North Sea. HYDROCARBON COLUMN Deltic holds a 30% working interest in the project with Shell UK Ltd (operator 65%) and ONE-Dyas (5%). Well 41/05a-2 reached a total depth of 1,965 metres true […]
Deltic to test exploration well at Pensacola
Deltic Energy plc joint venture plans full well testing after encountering gas in the targeted reservoir at the Pensacola prospect in the Southern North Sea. COMMERCIAL The JV for licence P2252 comprises operator Shell 65%, Deltic 30% and ONE-Dyas 5% working interests. Deltic added that testing of well 41/05a would evaluate the commerciality of the […]
Deltic Energy JV spuds Pensacola gas prospect
Deltic Energy plc’s joint venture partner has installed the Maersk Resilient rig and begun drilling on the Pensacola gas prospect in the Southern North Sea. PROSPECTIVE RESOURCES The company has a 30% working interest in licence P2252 located in the emerging Zechstein Reef play fairway. Deltic estimates Pensacola contains gross P50 prospective resources of 309 […]