Deltic Energy PLC (AIM:DELT) (Deltic Energy PLC (AIM:DELT)) Graham Swindells joins Proactive London to talk about the completion of the farm-out of stakes in a group of five Southern North Sea licences to Cairn Energy PLC (LSE:CNE) (Cairn Energy PLC (LSE:CNE)).
Cairn now formally acquired 60% interests in reach of the licences and becomes project operator.
He says the completion of this transformational deal will see significant investment being made in Deltic's strategic Southern North Sea gas exploration portfolio.