Deltic Energy PLC Pensacola Update

RNS Number : 7510Q

Deltic Energy PLC

03 June 2024

 

 

Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulation. With the publication of this announcement, this information is now considered to be in the public domain.

 

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

 

3 June 2024

 

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

Pensacola Update 

 

Deltic Energy Plc, the AIM-quoted natural resources investing company with a portfolio of operated and non-operated exploration and appraisal assets in the UK North Sea, provides the following update in relation to Licence P2252 and the Pensacola discovery.      

 

Deltic has been granted a short period of additional time from Shell UK Ltd, in its capacity as Licence Operator of P2252, which will allow Deltic until 12 June to progress discussions with potential counterparties in relation to a possible transaction. There is however no guarantee that discussions will be concluded successfully within that timeframe and, in such circumstances, Deltic will be required to withdraw from the Pensacola licence and transfer its interest in Pensacola to its Joint Venture partners.

 

The Company will make further announcements in due course.

 

 

 

**ENDS**

 

For further information please contact the following:

Deltic Energy Plc	Tel: [phone]
Graham Swindells / Andrew Nunn / Sarah McLeod
Allenby Capital Limited (Nominated Adviser)	Tel: [phone]
David Hart / Alex Brearley (Corporate Finance)
Stifel Nicolaus Europe Limited (Joint Broker)	Tel: [phone]
Callum Stewart / Simon Mensley / Ashton Clanfield
Canaccord Genuity Limited (Joint Broker) Adam James / Ana Ercegovic	Tel: [phone]
Vigo Consulting (IR Adviser)	Tel: [phone]
Patrick d'Ancona / Finlay Thomson / Kendall Hill

 

 

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END

 

 

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