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.
Is pleased to announce that Shell, the Operator of exploration well 41/05a-2 on Licence P2252 (Shell 65%, Deltic 30%, ONE-Dyas 5% Working Interests), in the Southern North Sea has reported that gas has been encountered in the reservoir and has recommended to the Joint Venture (‘JV’) that a full well testing programme be undertaken.
The JV has endorsed the Operator’s recommendation to undertake a full well test to evaluate the commerciality of the Pensacola prospect and update the geological model.
Deltic will provide a drilling update announcement in respect of Pensacola on completion of well testing which is expected to take approximately 30 days.
Graham Swindells, Chief Executive of Deltic Energy, commented:
“We are very pleased to have encountered hydrocarbons in the Pensacola exploration well at this intermediate stage of well operations. We now look forward to working with the Operator on the well testing programme, and will update the market once that programme is completed.”
**ENDS**
For further information please contact the following:
Deltic Energy Plc
Tel: +44 (0) 20 7887 2630
Graham Swindells / Andrew Nunn / Sarah McLeod
