Deltic Energy Advances Exploration Amidst Sector Challenges

Deltic Energy (GB:DELT) has released an update.

Deltic Energy PLC has successfully farmed down interest in the Selene prospect, commenced drilling the high-impact Selene exploration well, and accepted two new North Sea licenses, while strategically withdrawing from the Pensacola license and maintaining a cash position of £3.7 million. Despite industry challenges, Deltic’s leadership remains focused on capitalizing on their portfolio, limiting exposure to exploration costs, and exploring growth opportunities in more supportive markets.

For further insights into GB:DELT stock, check out TipRanks’ Stock Analysis page.