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Deltic Energy ( (GB:DELT) ) has shared an announcement.
Deltic Energy PLC has announced the approval of a recommended cash acquisition by RockRose Energy Limited, a subsidiary of Viaro Energy Limited, through a court-sanctioned scheme of arrangement. The acquisition, which received overwhelming support from shareholders at both the Court and General Meetings, is expected to be completed in early Q4 2025, subject to final court approval and other conditions. This acquisition is likely to impact Deltic’s market positioning and operations, as it involves the cancellation of its shares from trading on the London Stock Exchange’s AIM.
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 within the energy sector, focusing primarily on the exploration and development of oil and gas resources. The company is involved in identifying and developing potential energy resources, contributing to the energy supply market.
Average Trading Volume: 643,382
Technical Sentiment Signal: Sell
Current Market Cap: £6.57M
For a thorough assessment of DELT stock, go to TipRanks’ Stock Analysis page.