Deltic Energy plc has secured an extension to the payment date of money, totalling £1,530,320, owed to Shell UK Ltd.
SALE
The figure comprises the sums accrued to Deltic over the UK southern North Sea Selene exploration well from April to October 2025, and any further sums after October 2025.
The payment date has been extended to 27 May 2026, with further extension possible subject to Shell’s approval.
Deltic is currently under a proposed £6.9 million sale to Viaro Energy Ltd’s main operating subsidiary RockRose Energy.
The transaction, expected to complete during the final quarter of 2025, was deferred after the the North Sea Transition Authority asked for more details to address “concerns”.
In January 2026, the NSTA extended the date by which both parties should provide the information from 30 January 2026 to 13 February 2026.
In December 2025, Deltic said that the long stop date by which the sale must complete is 31 March 2026.