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Deltic Energy ( (GB:DELT) ) has shared an announcement.
Deltic Energy announced its audited results for 2024, highlighting the successful drilling of the Selene well in the Southern North Sea, which is commercially viable and has a straightforward route to market. Despite political challenges and a difficult funding environment, the company has made significant progress, culminating in a recommended cash offer for its acquisition by Viaro Bidco, which the board believes is in the best interest of shareholders.
The most recent analyst rating on (GB:DELT) stock is a Buy with a £38.00 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 is an AIM-quoted company in the natural resources sector, focusing on high-impact exploration and appraisal in the Southern North Sea. The company is involved in the exploration and potential production of gas, with a market focus on domestic energy supply.
Average Trading Volume: 374,081
Technical Sentiment Signal: Sell
Current Market Cap: £5.12M
Learn more about DELT stock on TipRanks’ Stock Analysis page.