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Deltic Energy ( (GB:DELT) ) has shared an update.
Deltic Energy Plc has entered into a deferred repayment agreement with Shell U.K. Limited concerning payments related to the Selene exploration well. This agreement defers Deltic’s payment obligations to Shell until February 2026, with potential extensions, and includes interest terms. The agreement ensures Deltic’s financial stability for working capital needs until mid-2026, following a full drawdown of a bridging facility from RockRose Energy Limited.
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 natural resources sector, focusing on exploration and development activities. The company is primarily involved in the exploration of oil and gas resources, with a market focus on leveraging strategic partnerships to advance its projects.
Average Trading Volume: 344,495
Technical Sentiment Signal: Strong Sell
Current Market Cap: £3.03M
See more data about DELT stock on TipRanks’ Stock Analysis page.