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Member News11th Aug 2020

Deltic Energy reports enhanced prospectivity at Selene

Deltic Energy, the AIM-quoted natural resources investing company focused on high-impact exploration and appraisal in the Southern and Central North Sea, has announced a material increase in estimated volumes of gas and a significant increase in the chance of success in relation to the Selene prospect, compared with estimates made in 2019.

Analysis by a joint Deltic-Shell team indicate that the gas initially in place (GIIP) volumes associated with the preferred Selene interpretation have been significantly increased, with P90 volumes revised upwards by 12% to 286 billion cubic feet, and a 79% increase in overall geological chance of success (GCoS).

Further work will focus on potential development scenarios, estimation of recovery factors and project economics which are required to support the well investment decision prior to proposed drilling activity in 2022. Read more…