Deltic Energy, the AIM-quoted natural resources investing company with a high impact exploration and appraisal portfolio focused on the Southern and Central North Sea, has announced that Shell, the Operator of exploration well 41/05a-2 on Licence P2252 (Shell 65%, Deltic 30%, ONE-Dyas 5% Working Interests), in the Southern North Sea has reported that gas has been encountered in the reservoir and has recommended to the Joint Venture ('JV') that a full well testing programme be undertaken.
The JV has endorsed the Operator's recommendation to undertake a full well test to evaluate the commerciality of the Pensacola prospect and update the geological model. Pensacola is located in Blocks 41/5a, 41/10a, 42/1a.
Deltic will provide a drilling update announcement in respect of Pensacola on completion of well testing which is expected to take approx. 30 days.
Graham Swindells, Chief Executive of Deltic Energy, commented:
'We are very pleased to have encountered hydrocarbons in the Pensacola exploration well at this intermediate stage of well operations. We now look forward to working with the Operator on the well testing programme, and will update the market once that programme is completed.'
Source: Deltic Energy
