Deltic is pleased to confirm that the Deltic-Shell JV has made a positive well investment decision to drill the high impact Selene Gas Prospect on Licence P2347 situated in the Southern North Sea. 

The Selene Prospect is one of the largest unappraised structures in the Leman Sandstone fairway of the Southern Gas Basin which Deltic estimates to contain gross P50 Prospective Resources of 318 BCF of gas (with a P90 to P10 range of 132 to 581 BCF) with a geological chance of success of 70%.   

Under the terms of the original farm-out with Shell, Deltic holds a 50% working interest in the Licence but will be carried for 75% of the costs of drilling and testing the well on the Selene Prospect, up to $25 million.

KeyFacts Energy: Deltic Energy UK country profile   l   Shell UK country profile   l   KeyFacts Energy news: North Sea Focus

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