Deltic Energy ( (GB:DELT) ) has provided an update.
Deltic Energy has provided an operational update on its UK gas development and exploration portfolio, highlighting progress on the Selene Gas Project and the commencement of a farm-out process for the Blackadder licence. The Selene Gas Project, where Deltic holds a 25% non-operated interest, is advancing towards a Field Development Plan with a potential Final Investment Decision in early 2027. The project is deemed commercially robust, with significant upside potential due to favorable gas price assumptions. Deltic is also exploring funding options to support its medium-term requirements, including potential equity sales and strategic partnerships. The company is actively working to enhance its industry positioning and contribute to the UK’s domestic energy supply.
More about Deltic Energy
Deltic Energy Plc is a natural resources investing company listed on the AIM market. The company focuses on gas development and exploration assets in the UK, particularly in the Southern North Sea and Central North Sea regions.
YTD Price Performance: -41.96%
Average Trading Volume: 255,922
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £3.03M
For detailed information about DELT stock, go to TipRanks’ Stock Analysis page.