Deltic Energy’s recent announcement concerning an upgrade to the gas in place and the GCOS (geological chances of success) of the Selene prospect in the SNS (Southern North Sea) is highly encouraging. Selene’s updated P50 gas in place of 629 bcf is a 44% increase over the previous estimate which would suggest one of the most significant discoveries in the event of exploration success. The new GCOS of 70% is very high for this stage of evaluation pre-drilling suggesting that Selene
13 Aug 2020
Highly encouraging Selene resource upgrade
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Highly encouraging Selene resource upgrade
Deltic Energy Plc (DELT:LON) | 39.5 0 0.0% | Mkt Cap: 36.8m
- Published:
13 Aug 2020 -
Author:
Peter J Dupont -
Pages:
5
Deltic Energy’s recent announcement concerning an upgrade to the gas in place and the GCOS (geological chances of success) of the Selene prospect in the SNS (Southern North Sea) is highly encouraging. Selene’s updated P50 gas in place of 629 bcf is a 44% increase over the previous estimate which would suggest one of the most significant discoveries in the event of exploration success. The new GCOS of 70% is very high for this stage of evaluation pre-drilling suggesting that Selene