Deltic Energy plc (DELT.L) has announced that Shell UK Ltd, its joint-venture partner and operator of licence P2252, has encountered gas following drilling of the Pensacola well. The well, in which Deltic has a 30% interest, is located approximately 75 km east of the Tees estuary towards the northern margin of the Southern North Sea (SNS) Basin. A well testing programme will now be undertaken to assess commerciality and update the geological model. Testing will take about 30 days, according to D ....
11 Jan 2023
Deltic Energy - Update
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Deltic Energy - Update
Deltic Energy Plc (DELT:LON) | 39.0 -0.2 (-1.3%) | Mkt Cap: 36.3m
- Published:
11 Jan 2023 -
Author:
Peter Dupont -
Pages:
2
Deltic Energy plc (DELT.L) has announced that Shell UK Ltd, its joint-venture partner and operator of licence P2252, has encountered gas following drilling of the Pensacola well. The well, in which Deltic has a 30% interest, is located approximately 75 km east of the Tees estuary towards the northern margin of the Southern North Sea (SNS) Basin. A well testing programme will now be undertaken to assess commerciality and update the geological model. Testing will take about 30 days, according to D ....