In a significant development for the energy sector, Deltic Energy Plc, an AIM-quoted company specializing in natural resources investment with a focus on high impact exploration and appraisal portfolio in the Southern North Sea, has announced a major step forward in its operations. Shell UK Ltd, operating Licences P2437 and P2252, has confirmed signing a […]
Deltic Energy Plc, an AIM-quoted investing company with a focus on high-impact exploration and appraisal in the Southern North Sea, is pleased to announce a farm-out agreement of a 25% interest in Licence P2437, which contains the Selene Prospect, to Dana Petroleum (E&P) Limited (“Dana”). This strategic move, coupled with the existing carry agreement with […]
Ithaca Energy (LON: ITH) has successfully acquired the remaining 30% stake in Cambo from Shell U.K. Limited, taking its ownership to 100% as of 12 September 2023. The deal, focusing on minimal near-term cost exposure, involves payment upon first oil or after any subsequent sale of a working interest in Cambo by Ithaca Energy, conditional […]