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: Selene gas prospect – Southern North Sea
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 […]
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 in talks for three possible cash offers
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 […]
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 […]