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 […]
Tag: Deltic Energy plc
Deltic confirms Blue Concept exit from possible offer
Deltic Energy plc said its potential Norwegian purchaser Blue Concept Hld AS did not intend to make an offer for the company. SELENE The news follows Neo Next+ Energy Upstream UK Ltd’s £7.2 million cash offer on 7 April 2026 for the UK North Sea-focused explorer. The sale is expected to become effective during the […]
Deltic confirms Petrogas exit from possible offer
Deltic Energy plc said that Petrogas International E&P Coöperatief U.A. had confirmed it did not intend to make an offer for the UK North Sea-focused company. TALKS Deltic has been under a £7.2 million cash offer since 7 May from Neo Next+ Energy Upstream UK Ltd. Petrogas’ withdrawal follows Capricorn Energy plc’s announcement on 19 […]
Capricorn withdraws from Deltic possible offer
Capricirn Energy plc said it did not intend to make an offer for UK North Sea-focused Deltic Energy plc after that latter agreed a £7.2 million cash sale to Neo Next+. EGYPT The Egypt-focused company had last month approached Deltic on a possible buyout. Capricorn is itself under a possible offer from Alamadiyaf al-Masiyyah for […]
Deltic agrees £7.2m cash sale to Neo Next+
Deltic Energy plc has agreed to a £7.2 million cash sale of its assets, notably its 25% interest in the Selene prospect, to the UK North Sea’s largest oil and gas producer, Neo Next+. QUALITY Each Deltic share will be sold at 7.7 pence in cash, which represents a premium of 156.7 % to the […]
Capricorn extends deadline for possible offer
Capricorn Energy plc has secured a second extension to the possible all cash offer for the company from Alamadiyaf al-Masiyyah for Trading LLC, which is a member of the Jeddah-based Cafani Group. FUNDING The potential purchaser now has until 5pm on 3 June 2026 to announce whether or not it has a firm intention to […]