Deltic Energy (GB:DELT) has released an update.
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Deltic Energy is shifting its strategic focus to leverage international opportunities while continuing to extract value from its UK assets, such as the Selene exploration well, which has shown promising initial results. The company plans to reduce expenditures by 40% in 2025 by deferring non-core projects and changing broker arrangements to Canaccord. These moves aim to stabilize Deltic’s operations and position it for future growth, despite the challenging UK oil and gas environment.
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