Deltic Energy plc said it was in discussions on possible cash buyout offers from three separate companies. SELENE The company has been approached by Capricorn Energy plc, which is itself under a possible offer; Petrogas International E&P Coöperatief U.A., a subsidiary of Oman-based Mohammed Al Barwani LLC (MB); and private Norwegian firm Blue Concept Hld […]
Tag: Deltic Energy plc
Deltic mulls future after exiting sale to Viaro
Deltic Energy plc said it would consider “all other options” after the industry regulator delayed its decision for the third time on the company’s £6.9 million cash sale to Viaro Energy. DEBT The companies agreed the transaction in June 2025 and aimed to close the deal during the final quarter of the year, subject to […]
Viaro increases stake in Deltic
Viaro Energy Ltd has increased its shareholding to 3.19% of its target acquisition Deltic Energy plc. OFFER On 26 March, the company bought 529,000 ordinary Deltic shares on market, at 3.4822 pence per share, taking its holding to 2,972,880 ordinary shares. The purchase follows that on 2 March of 2,443,880 Deltic shares. The transactions come […]
Viaro buys 2.4m shares in Deltic
Viaro Energy Ltd has bought 2,443,880 shares in its target acquisition, Deltic Energy plc, ahead of the industry regulator’s decision on the pending takeover. CONFIDENCE Viaro yesterday purchased an initial 2,143,880 shares, each at an average price of 3.6034p, representing 2.30% of Deltic’s total issued share capital. Later on in the day at 6.25pm, Deltic announced […]
Deltic’s sale to Viaro again deferred
Deltic Energy plc’s £6.9 million sale to the Viaro Group faces further delays, after the industry regulator deferred its decision until late March 2026, and without committing to a definite date. UNCERTAINTY The transaction with Viaro’s main operating subsidiary, RockRose Energy Ltd, was initially deferred in December 2025, after the North Sea Transition Authority asked […]
Deltic extends £1.5m payment date to Shell
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 […]