TRADING UPDATES: Thor Energy drilling starts; Deltic accepts licence
8th Jul 2024 16:44
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - European equities struggled again on Tuesday, with risk sentiment still hurt by political uncertainty on the continent, ahead of a US interest rate decision and key inflation reading on Wednesday. Read More
(Alliance News) - Deltic Energy PLC on Tuesday said it was unable to secure a farm-out at the Pensacola discovery in the UK North Sea. Read More
Deltic Energy PLC - London-based natural resources investor focused on assets in southern North Sea - Receives short period of additional time from Shell UK Ltd, part of Shell PLC, in its capacity as licence operator of P2252 in regard to the Pensacola discovery in the UK North Sea. Deltic has until next week Wednesday to progress discussions with potential counterparties for a possible transaction. Deltic in April said Pensacola was on track to be drilled in 2024. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
Deltic Energy PLC - London-based natural resources investor focused on assets in the southern North Sea - Says it is yet to secure a farm-out partner for the Pensacola asset, as it grapples with a "hostile political environment". Explains the UK energy profits levy, "resultant fiscal uncertainty created by the current government" and unfavourable "rhetoric" from the opposition Labour Party has hurt North Sea investment. "This has resulted in many operators diverting capital away from the [UK Continental Shelf] or delaying investment decisions, especially with respect to new large-scale opportunities like Pensacola." Adds: "although there are a number of live discussions with respect to a way forward on Pensacola, there is a risk that a farm-out may not be secured before the end of May 2024." It also warns that tough market conditions mean "accessing traditional equity capital" is not a viable option for the company to fund its share of the Pensacola well costs. It warns of a possible withdrawal from Pensacola if a funding solution is not in place by the end of next month. The firm holds a 30% interest in Pensacola. Says Pensacola remains on track to be drilled in the final quarter of 2024. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Tuesday. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Deltic Energy PLC - London-based natural resources investor focused on assets in the southern North Sea - Enters into an agreement regarding a farm-out of a 25% interest in its P2437 licence containing the Selene prospect in the Southern North Sea, to Dana Petroleum (E&P) Ltd. Says it will have no exposure to 2024 drilling and test costs, but retains a 25%. Read More
Deltic Energy PLC - London-based natural resources investor focused on assets in the southern North Sea - Celebrates as Shell UK Ltd, which operates the P2437 and P2252 licences, has confirmed the signing of a rig contract with Valaris. The deal, which is for the drilling of both the Selene and Pensacola wells, will use a heavy duty jack-up rig known as Valaris 123. Contract and mobilisation should start between June and July this year, with the wells drilled sequentially. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Deltic Energy PLC on Friday said that promising results had emerged from a third-party assessment of its joint-owned Pensacola Discovery reef. Read More
Deltic Energy PLC - London-based natural resources investor focused on assets in the southern North Sea - receives carbon neutral certification on Wednesday following assessment by Carbon Neutral Britain Ltd. The company's scope one, two, and three emissions for the year ended October 31 were assessed by the voluntary carbon offsetting organisation. All of Deltic's corporate emissions have been offset through independently verified carbon offsetting projects. The certification will require annual renewal. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - Deltic Energy PLC on Tuesday reported an increased loss in the first half of 2023, as expenses were higher. Read More
(Alliance News) - Deltic Energy PLC on Monday said that site survey works relating to its Selene exploration licence P2437 in the southern north sea has started. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Stock prices in London closed sharply higher on Wednesday, as US inflation cooled more than expected in June, boosting investor confidence. Read More