(via NewsDirect)
The deal sees Dana taking 25% and join the Shell-operated venture. Swindells said the collaboration is pivotal, as Dana, backed by the
Selene, the largest unappraised structure in its class within the southern
Swindells noted that progress on the Selene prospect is advancing smoothly, with site surveys completed and drilling schedules confirmed, setting a thrilling exploration timeline for July, followed by the company's Pensacola well. Moreover, Deltic is actively progressing the farm-out process for Pensacola, indicating a robust interest level and ongoing discussions for potential partnerships.
Looking ahead, Deltic anticipates a busy year with further updates on drilling, licensing rounds, and portfolio expansion, aiming to significantly enhance shareholder value through strategic exploration and operational excellence.
Contact Details
+44 20 7989 0813
uk@proactiveinvestors.com
Copyright (c) 2024 TheNewswire - All rights reserved.
Copyright (c) 2024 TheNewswire - All rights reserved., source