Deltic Energy plc’s cash sale of £7.2 million to Neo Next+, and the change of control of assets, has received approval from industry regulator the North Sea Transition Authority.
DATES
The sale, by way of a court-sanctioned scheme, remains subject to conditions outstanding.
A sanction hearing is scheduled for 13 August 2026 at the High Court in London.
Deltic said that both companies expected the transaction to become effective on 14 August 2026.
Neo Next+ stands to own Deltic’s UK central and southern North Sea assets, including a 25% stake in the Selene gas prospect, operated by Shell UK.