Deltic Energy continues to successfully implement its strategy of early-stage project derisking in overlooked but prospective areas of the SNS (Southern North Sea) gas basin followed by farm-outs. The latest move involves a comprehensive farm-out to Cairn Energy (CNE.L) of five licences. These lie in the heart of the prolific Carboniferous and Permian Zechstein fairway towards the northern margin of the SNS. Deltic believes it has the largest exploration acreage in this zone. Cairn’s decision to ....
13 Aug 2021
Major farm-out deal with Cairn
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Major farm-out deal with Cairn
Deltic Energy Plc (DELT:LON) | 39.0 0 0.0% | Mkt Cap: 36.3m
- Published:
13 Aug 2021 -
Author:
Peter J Dupont -
Pages:
6
Deltic Energy continues to successfully implement its strategy of early-stage project derisking in overlooked but prospective areas of the SNS (Southern North Sea) gas basin followed by farm-outs. The latest move involves a comprehensive farm-out to Cairn Energy (CNE.L) of five licences. These lie in the heart of the prolific Carboniferous and Permian Zechstein fairway towards the northern margin of the SNS. Deltic believes it has the largest exploration acreage in this zone. Cairn’s decision to ....