Deltic Energy Shares Rise as Shell Decides to Drill Selene Gas Prospect
26 Julho 2022 - 5:08AM
Dow Jones News
By Jaime Llinares Taboada
Shares in Deltic Energy PLC rose Tuesday morning after it said
partner Shell PLC has decided to drill the Selene gas prospect in
the U.K. North Sea.
The oil-and-gas company, which holds a 50% interest in the
license, said Shell will be appointed operator of the project.
Deltic estimates that Selene contains 318 billion cubic feet of
prospective gas resources with a geological chance of success of
70%.
Shares in Deltic at 0736 GMT were up 7.1% at 3.00 pence.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
July 26, 2022 03:53 ET (07:53 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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