May 31, 2010
Delta Hydrocarbons BV has engaged Lexicon Partners to assist with the sale of its wholly owned subsidiary Delta Hydrocarbons NL B.V. (“Delta”).
Delta holds a 50% operated interest in the offshore production licence Q13a, the Amstel Field, and a 60% operated interest in two exploration licences (Q13b and Q16b/c) in the Dutch sector of the North Sea.
Delta provides potential buyers with an opportunity to acquire a significant stake in a high quality oil asset with a full development plan in place targeting first oil in 2012 and additional exploration upside from surrounding blocks.
The sales process is ongoing and is currently in an advanced stage.
