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 […]
Tag: Selene gas prospect – Southern North Sea
Deltic defers £6.9m sale over NSTA concerns
Deltic Energy plc and its proposed buyer, Viaro Bidco, have deferred the long stop date for the £6.9 million sale until next year, after the industry regulator asked for more details to address “concerns”. DISAPPOINTED The transaction, agreed at the end of June 2025, comprises a cash offer for Deltic’s entire and to be issued […]
Deltic sale expected in final quarter of 2025
Deltic Energy plc expects the £6.9 million sale of the company to Viaro Group to take place early in the fourth quarter of this year, subject to remaining conditions. LONG STOP The company’s shareholders approved the cash offer, by way of a court-sanctioned scheme, by 96.16% against 3.84%, at a general meeting on 28 August. […]
Deltic agrees £7m sale to Viaro
Deltic Energy plc has agreed to sell its entire share capital for £6.9 million cash to Viaro Group’s subsidiary RockRose Energy. SELENE Viaro will also provide Deltic with a bridging loan of up to £2.7m to cover working capital before the acquisition becomes effective. Deltic has previously warned about “political and fiscal headwinds” hampering the […]
Deltic increases Selene reserves by 33%
Deltic Energy plc reported a 33% increase in gross 2C resources of 174 billion cubic feet at the Selene gas joint venture in the UK Southern North Sea. DEVELOPMENT Partner and operator Shell (UK) Ltd analysed 176 core plugs taken from drill core samples over the Leman B-Sand, the “key producing interval within the much […]
Deltic explores funding options for Selene
Deltic Energy plc has progressed work on its Southern North Sea gas licences as it considers options for funding its share of operations. BLACKADDER Post-well analysis and pre-field development planning work has started, adding to current data on the Selene joint venture gas project. P2437 licence has entered its second term with work to date […]