Licence P2252 - Completion of Site Survey

Source: www.gulfoilandgas.com 9/20/2021, Location: Europe

Deltic Energy Plc, the AIM quoted natural resources investing company with a high impact, natural gas focused exploration and appraisal portfolio in the Southern North Sea, is pleased to announce that the Company and its Operating Partner, Shell U.K. Limited ("Shell"), have completed the geophysical site survey over the planned Pensacola exploration well location on Licence P2252 in the Southern North Sea.

The survey, conducted by Fugro GB North Marine Limited, was completed on time and without incident. Data collection commenced on 8 September and was completed on 14 September with demobilisation commencing shortly thereafter. The results of this initial phase of the survey will be interpreted and, if required, a second geotechnical phase incorporating the collection of samples from the seabed will be undertaken before the end of the year.

Graham Swindells, Chief Executive of Deltic Energy, commented:

"The completion of the site survey on Pensacola is a key part of the well planning process and represents another important milestone as the Deltic-Shell JV continues the preparatory works in advance of drilling. We look forward to progressing through the planning phase as we get closer to drilling this high impact prospect."


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