Deltic Energy plc has been refused more time to find a new partner to develop licence P2567, Cadence, in the southern North Sea. CADENCE-CUPERTINO In July, the company said it planned to retain P2567 and P2428 (Cupertino) subject to the North Sea Transition Authority granting more time to find a new partner after Capricorn Energy […]
Tag: Licence P2428 – Cupertino – gas – southern North Sea
Deltic exits three southern North Sea gas licences
Deltic Energy plc will withdraw from three of its five joint venture gas licences in the southern North Sea following its partner Capricorn Energy‘s move to focus on its own Egyptian assets. NEW PARTNERS Deltic, which is rationalising and “high grading” its portfolio, will withdraw from P2560, P2561 and P2562 while retaining P2567 (Cadence) and […]
Deltic to start 3D seismic over Cupertino
Deltic Energy plc is to start 3D seismic data acquisition over licence P2428, containing the Cupertino prospect, and surrounding areas in the southern North Sea. PARTNER The seismic vessel, under contract to ION Geophysical, has mobilised to site and is due to begin the survey on 11 September. The acquisition of approximately 700km2 of 3D seismic data, […]
Deltic agrees farm-out for five licences with Cairn
Deltic Energy plc has entered into a binding conditional farm-out for five of its southern North Sea gas licences with Cairn Energy plc. QUALITY The natural gas-focused company signed the deal through Cairn’s wholly owned subsidiary Nautical Petroleum Ltd. Cairn will acquire a 60% interest in P2428 (Cupertino Area) and P2567 (Cadence) and a 70% […]
Deltic makes technical progresses on gas licences
Deltic Energy plc remained debt free during 2020 while making technical progress with its gas licences in the southern and central North Sea. OPERATIONS Results ended 31 December 2020 showed a decrease in the company’s cash position to £12m (2019: £13.8m). The company’s intangible assets rose to £1,430,915 (2019: £1,127,942) reflecting the development of its exploration portfolio. Work […]