Deltic Energy PLC Pensacola and Selene Update (0643X)

TIDMDELT

RNS Number : 0643X

Deltic Energy PLC

18 December 2023

Deltic Energy Plc / Index: AIM / Epic: DELT / Sector: Natural Resources

18 December 2023

Deltic Energy Plc ("Deltic" or the "Company")

Pensacola and Selene Update

Deltic Energy Plc, the AIM-quoted natural resources investing company with a high impact exploration, appraisal and development portfolio focused on the Southern North Sea ("SNS"), is pleased to provide a further update on progress on Pensacola and Selene.

Pensacola

The JV has now finalised the positive well investment decision on Licence P2252 and approved the 2024 work programme and budget that allows for drilling the Pensacola appraisal well in late 2024.

Selene

Shell U.K. Ltd, the Operator of Licence P2437, has informed Deltic that the geotechnical site investigation works on the preferred surface location of the Selene exploration well has been successfully completed and the vessel has been de-mobilised from site. The results of this work will be incorporated into the operational drilling plan. The well remains on track to be drilled in Q3 of 2024.

**ENDS**

For further information please contact the following:

 
 Deltic Energy Plc                                 Tel: +44 (0) 20 7887 
                                                    2630 
 Graham Swindells / Andrew Nunn / Sarah McLeod 
 
   Allenby Capital Limited (Nominated Adviser)        Tel: +44 (0) 20 3328 
                                                      5656 
 David Hart / Alex Brearley (Corporate Finance) 
 
   Stifel Nicolaus Europe Limited (Joint Broker)      Tel: +44 (0) 20 7710 
                                                      7600 
 Callum Stewart / Simon Mensley / Ashton 
  Clanfield 
 
   Canaccord Genuity Limited (Joint Broker)           Tel: +44 (0) 20 7523 
   Adam James                                         8000 
 Vigo Consulting (IR Adviser)                      Tel: +44 (0) 20 7390 
                                                    0230 
 Patrick d'Ancona / Finlay Thomson / Kendall 
  Hill

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END

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