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: North Sea Transition Authority – NSTA
JOG frustrated by slow progress at Buchan
Jersey Oil & Gas plc reported slow progress at Buchan Horst as it awaits proven compliance with government policy regarding scope 3 emissions for UK North Sea projects. TAX In its audited 2025 financial results, the company said it had yet to complete the effect of downstream, or end-use, emissions from its upstream operations in […]
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 […]
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 […]