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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Deltic Energy Plc | LSE:DELT | London | Ordinary Share | GB00BNTY2N01 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 15.25 | 15.00 | 15.50 | 15.25 | 15.25 | 15.25 | 157,441 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Coal,oth Minerals,ores-whsl | 0 | -2.99M | -0.0321 | -4.75 | 14.2M |
From May 2019 to May 2024
By Adam Clark
Royal Dutch Shell PLC (RDSA.LN) will take a majority working interest in Cluff Natural Resources PLC's (CLNR.LN) P2252 license in the North Sea.
Cluff said Friday that Shell will take on a 70% working interest in the license in return for paying all development costs until either an investment decision is made, or the end of 2020, whichever is earlier.
The work program for the license includes the acquisition of not less than 400 kilometers of new 3D seismic data and subsurface studies. All costs following a well investment decision will be shared by the two parties in proportion to their working interests.
The P2252 license includes the Pensacola prospect, which is estimated to contain 566 billion cubic feet of gas, or 100 million barrels of oil equivalent.
Shell will also pay $600,000 for an option to acquire a 50% working interest in Cluff's P2437 license by April 30, 2019, where the two parties will assess the drilling of an exploration well.
Write to Adam Clark at adam.clark@dowjones.com; @AdamDowJones
(END) Dow Jones Newswires
February 08, 2019 03:04 ET (08:04 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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