Finance News Oil & Gas

Deltic relinquishes Cadence licence

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 […]

News Oil & Gas

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, […]

News Oil & Gas

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 […]