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 […]
Tag: Shell (UK) Ltd
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 […]
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 […]