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 […]
Tag: Shell UK Ltd
Reabold shareholders reject plan to remove directors
Reabold Resources plc said that proposed resolutions, including the removal of the entire board of directors, have been rejected at a requisitioned general meeting. TIMELINE Shareholders today voted against each resolution by slightly more than 75% with just under 25% in favour. In October 2022, Pershing Nominees Ltd which owns some 6.93% of Reabold’s issued […]
Reabold completes Corallian £32m sale
Reabold Resources plc said its investors can expect payouts following completion of the sale of its investee company Corallian Energy Ltd to Shell UK Ltd. CONSIDERATION The company expects that payment of the initial gross consideration of £10 million (c. £3.2m net to Reabold) will be made to Corallian shareholders (including Reabold) over the coming […]
Corallian sells for £32m to Shell UK
Reabold Resources plc reported the execution of the £32 million sale of its investee company Corallian Energy Ltd, holding the Victory discovery, to Shell UK Ltd. OPPORTUNITIES The investment company added it expected completion of the deal and initial gross consideration payment of £10m, c.£3.2m net to Reabold, will be during Q4 of 2022. Reabold […]
Deltic-Shell commit to drilling Selene
Deltic Energy plc and joint venture partner Shell UK Ltd have made the investment decision to drill the high impact Selene gas prospect off the northeast coast of England. SCHEDULES The company added that the timing of a well slot had yet to be confirmed and would be subject to drilling schedules. This is expected […]
Deltic partner Shell awards Pensacola rig contract
Deltic Energy plc’s joint venture partner Shell UK Ltd has awarded the rig contract to drill the Pensacola gas exploration well within licence P2252 in the southern North Sea. SCHEDULE The Maersk Resilient, which has been under contract to Shell since the start of June, will drill the well. The rig is currently drilling a […]