Business
P2252 Licence Update
P2252 Licence Update.
About this update from Deltic Energy Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3081E\n Deltic Energy PLC\n 05 November 2020\n \n \n \n \n \n The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (\"MAR\"). With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n \n \n \n \n \n \n \n 5 November 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 \n \n \n (\"Deltic\" or \"the Company\")\n \n \n \n \n \n P2252 Licence Update and confirmation of drilling schedule\n \n \n \n \n \n Deltic Energy Plc, the AIM-quoted natural resources investing company with a high impact exploration and appraisal portfolio focused on the Southern and Central North Sea, provides an update on activity relating to Licence P2252 which contains the Pensacola Prospect (\"the Licence\").\n \n \n \n \n · Shell UK (\"Shell\" or \"the Operator\"), has reiterated its commitment to the drilling of the Pensacola well\n \n · The Pensacola well remains on schedule for drilling in 2021\n \n · Well planning, including design work and rig scoping has already begun\n \n · In light of the current operating environment resulting from Covid-19, the Operator has been granted a short extension (to end March 2021) which will allow seismic data analysis to be fully completed before the final drilling decision is made\n \n \n Deltic is pleased to report that Shell, in its capacity as Operator of the Licence, has reiterated to Deltic and the UK Oil and Gas Authority, its plan to drill the high impact, play opening Pensacola Prospect on Licence P2252 and that it remains scheduled to be drilled in Q4 2021.\n \n \n \n \n A significant amount of technical work has been and continues to be undertaken by the Shell/Deltic Joint Venture (\"the JV\"). Following the 3D seismic which was shot over the licence last year, the JV is pleased to confirm that the seismic processing completed to-date and interpretations of the available data have demonstrated a robust image over Pensacola, which supports the prospectivity originally recognised by the JV at the time of the farm-in agreement.\n &n...