REG - Deltic Energy PLC - Pensacola Update

Deltic EnergyAnnouncement

03/06/2024 07:00

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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: +44 (0) 20 7887 2630

 Graham Swindells / Andrew Nunn / Sarah McLeod

 Allenby Capital Limited (Nominated                                              Tel: +44 (0) 20 3328 5656
 Adviser)
 David Hart / Alex Brearley (Corporate Finance)

 Stifel Nicolaus Europe Limited (Joint                                           Tel: +44 (0) 20 7710 7600
 Broker)
 Callum Stewart / Simon Mensley / Ashton Clanfield

 Canaccord Genuity Limited (Joint Broker)                                        Tel: +44 (0) 20 7523 8000

 Adam James / Ana Ercegovic

 Vigo Consulting (IR Adviser)                                                    Tel: +44 (0) 20 7390 0230

 Patrick d'Ancona / Finlay Thomson / Kendall Hill

 

 

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