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Deltic Energy ( (GB:DELT) ) has shared an announcement.
Deltic Energy PLC is progressing through the acquisition process by Viaro Energy Limited’s subsidiary, RockRose Energy Limited, in a recommended cash offer. The acquisition, structured under a court-sanctioned scheme, awaits the approval of the North Sea Transition Authority regarding control over Deltic’s exploration licenses. Viaro has secured an extension until January 30, 2026, to address the Authority’s concerns, potentially impacting the transaction’s schedule and stakeholder outlook.
The most recent analyst rating on (GB:DELT) stock is a Buy with a £34.00 price target. To see the full list of analyst forecasts on Deltic Energy stock, see the GB:DELT Stock Forecast page.
More about Deltic Energy
Deltic Energy PLC operates in the energy sector, focusing on oil and gas exploration within the UK’s North Sea region. The company is active in securing and managing exploration licenses and plays a role in the development of energy resources in a highly regulated market.
Average Trading Volume: 342,407
Technical Sentiment Signal: Strong Sell
Current Market Cap: £3.26M
See more data about DELT stock on TipRanks’ Stock Analysis page.