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Southern North Sea Gas Portfolio & Resource Update
Southern North Sea Gas Portfolio & Resource Update.
About this update from Deltic Energy Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9613Y\n Deltic Energy PLC\n 15 September 2020\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 15 September 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 Southern North Sea Gas Portfolio and Resource Update\n \n \n \n \n \n Deltic Energy Plc, the AIM quoted natural resources investing company\n with a high impact exploration and appraisal portfolio focused on the Southern and Central North Sea\n , is pleased to provide additional information in relation to the licences that it was provisionally awarded in the UK's 32nd Offshore Licensing Round, as announced on 3 September 2020. The awards have further strengthened the Company's Southern North Sea (\"SNS\") licence position and include six new licences comprising twelve full and part blocks covering an area of 2,155.5 km2.\n \n \n \n \n \n These new licence awards in the Southern North Sea Gas Basin are a key part of the Company's exploration focussed strategy which is based upon a steady 'conveyor belt' of licences which can be matured and feed a long-term programme of exploration wells with any discoveries supporting the longevity of existing infrastructure and the development of new gas production hubs.\n \n \n \n \n \n Southern North Sea (\"SNS\") Core Area\n \n \n \n \n \n In our core area of the SNS, which is focussed on the Carboniferous and Zechstein play fairway, the Company has been awarded four additional licences incorporating nine full and part blocks. Combined with our existing licence position, these new awards enhance the Company's strong strategic position, controlling over 2,733 km2 of contiguous licences stretching from south of the Breagh gas field to the Cupertino area located to the west of the Cygnus gas field. All four new licences in this core area are being awarded to Deltic on a 100% working interest basis which ...