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: Viaro Energy Ltd
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 shareholders to vote on Viaro’s £6.9m offer
Deltic Energy plc shareholders are due to vote on 28 August on the £6.9 million cash offer for the company from Viarao Energy Ltd’s main operating subsidiary, RockRose Energy. SCHEDULE At least 75% of votes are needed at a court meeting and a general meeting to approve the sale, as well as sanction by the […]
Hartshead restarts Anning-Somerville project
Hartshead Resources NL said that the southern North Sea gas joint venture project on the Anning and Somerville fields has restarted following the Government’s Budget in October. SCHEDULE The Australian company is reviewing revised export routes and has meetings next month with the North Sea Transition Authority and partner Rockrose Energy Ltd, subsidiary of Viaro […]