Deltic Energy Plc announced that it has been provisionally awarded two licences over eight blocks and part blocks by the North Sea Transition Authority (?NSTA?) in Tranche 3 of the UK's 33rd Offshore Licensing Round (?33rd Round?). The blocks provisionally awarded to the Company in Tranche 3 are as follows: REGION: SNS; SUB-AREA: Blackadder; BLOCKS: 47/5b, 47/10c, 48/6c. and REGION: SNS; SUB-AREA: NE SNS; BLOCKS: 43/2b, 43/3b, 43/4b, 43/9, 43/14.

All blocks are being provisionally awarded to the Company on a 100% equity position and contain a mixture of small discoveries and low risk, infrastructure led exploration prospects in the Southern North Sea Gas Basin. In light of the current fiscal and political environment, Deltic will carefully consider whether accepting further licences in the UK is in the best interest of the business and its shareholders.