Business
Formal Award of Licences - UK 32nd Licensing Round
Formal Award of Licences - UK 32nd Licensing Round.
About this update from Deltic Energy Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 0104H\n Deltic Energy PLC\n 01 December 2020\n \n \n \n \n \n \n \n 1 December 2020\n \n \n \n \n \n Deltic Energy Plc/ Index: AIM / Epic: DELT / Sector: Natural Resources\n \n \n \n \n \n Deltic Energy Plc (\"Deltic\" or 'the Company')\n \n \n \n \n \n \n Formal Award of Six Licences in the UK's 32nd Offshore Licensing Round\n \n \n \n \n Deltic Energy Plc, the AIM quoted natural resources investing company\n progressing its high impact exploration and appraisal portfolio focused on the Southern and Central North Sea, is pleased to report that\n further to the provisional award of new licences in the UK's 32nd Offshore Licensing Round announced on 3 September 2020, these six new licences\n comprising twelve blocks\n have now been formally awarded to Deltic \n by the UK Oil and Gas Authority and that\n each of the licences take effect from today.\n \n \n \n \n \n The licences and blocks formally awarded are as follows:\n \n \n \n \n \n \n \n \n Region\n \n \n \n \n Licence\n \n \n \n \n Equity %\n \n \n \n \n Blocks\n \n \n \n \n \n \n Southern North Sea\n \n \n \n \n P2558\n \n \n \n \n 30\n \n \n \n \n 41/5b & 42/1b \n \n \n \n \n \n \n P2567\n \n \n \n \n 100\n \n \n \n \n 43/11 & 43/12b\n \n \n \n \n \n \n P2560\n \n \n \n \n 100\n \n \n \n \n 42/13b, 42/17 & 42/18\n \n \n \n \n \n \n P2561\n \n \n \n \n 100\n \n \n \n \n 42/19 & 42/20b\n \n \n \n \n \n \n P2562\n \n \n \n \n 100\n \n \n \n \n 42/22, 42/23\n \n \n \n \n \n \n Central North Sea\n \n \n \n \n P2542\n \n \n \n \n 100\n \n \n \n \n 22/17a \n \n \n \n \n \n \n \n \n All licences have been awarded to the Company on a 100% equity position, with the exception of P2558, which has been jointly awarded with Shell UK holding a 70% working interest.\n \n \n \n \n \n The Board views these blocks as highly prospective and containing a variety of exploration prospects which will significantly enhance both the pipeline of potential drilling opportunities and the overall prospective resources associated with the Company's assets as these areas are matured during the initial term of the licences.\n \n \n \n \n \n The new licences reinforce the Company's exploration focussed strategy which is based upon creating a steady 'conveyor belt' of licences that can be matured and ...