Deltic Energy is entering an exciting phase in its development based on its fully funded joint-venture projects with Shell. Preparations are now underway for an exploration well to test the Pensacola Zechstein prospect in the SNS (Southern North Sea). Deltic has indicated that it expects the current contingent well commitment to become firm on schedule by December 1, 2020. Drilling, according to Deltic, should follow in H2 2021. We see scope for positive news flow over the next few months, no
04 Sep 2020
Entering exciting new phase, six new licences, risked valuation upgrade
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Entering exciting new phase, six new licences, risked valuation upgrade
Deltic Energy Plc (DELT:LON) | 32.8 0.4 4.0% | Mkt Cap: 30.5m
- Published:
04 Sep 2020 -
Author:
Peter J Dupont -
Pages:
11
Deltic Energy is entering an exciting phase in its development based on its fully funded joint-venture projects with Shell. Preparations are now underway for an exploration well to test the Pensacola Zechstein prospect in the SNS (Southern North Sea). Deltic has indicated that it expects the current contingent well commitment to become firm on schedule by December 1, 2020. Drilling, according to Deltic, should follow in H2 2021. We see scope for positive news flow over the next few months, no