Deltic Energy Shares Rise on Decision to Drill North Sea Prospect with Shell
29 Marzo 2021 - 02:15AM
Noticias Dow Jones
By Sabela Ojea
Shares in Deltic Energy PLC on Monday rose after the company
said that it has made a positive well investment decision to drill
the Pensacola prospect on license P2252 in the U.K. Southern North
Sea with its joint venture partner Shell U.K. Ltd.
The London-listed energy company said Shell U.K. Ltd is the
operator of the license P2252, adding that the drilling of the well
on Pensacola has the potential to be transformational for
Deltic.
"The drilling [...] is also a vital step in evaluating the
highly prospective Zechstein reef play which in turn has the
potential to revitalize exploration in the Southern North Sea," it
added, noting that Shell U.K. expects the well to be drilled in May
2022.
Shares at 0740 GMT were up 0.20 pence, or 12%, at 1.88
pence.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
March 29, 2021 04:00 ET (08:00 GMT)
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