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Deltic Energy ( (GB:DELT) ) just unveiled an update.
Deltic Energy has announced a significant update on its Selene Gas Project, revealing a 33% increase in estimated Gross 2C Contingent Resources to 174 BCF. The company’s enhanced reservoir modelling and core sample analysis show improved porosity and permeability, leading to better production potential and increased project valuation. With a revised post-tax NPV10 of up to USD$114M, Deltic is poised to advance towards a Field Development Plan and a Final Investment Decision by early 2027, highlighting the project’s commercial viability and its strategic importance in maximizing the UK’s domestic energy resources.
More about Deltic Energy
Deltic Energy Plc is an AIM-quoted company focused on investing in natural resources. The company is involved in the exploration and development of gas projects, with a particular focus on the UK Southern North Sea, where it holds a 25% interest in the Shell-operated Selene gas discovery.
YTD Price Performance: -28.57%
Average Trading Volume: 374,235
Technical Sentiment Signal: Strong Buy
Current Market Cap: £3.72M
For an in-depth examination of DELT stock, go to TipRanks’ Stock Analysis page.