Deltic–Viaro Deal Faces Further Delay as UK Regulator Extends Review

Deltic Energy ( (GB:DELT) ) has shared an update.

Deltic Energy has confirmed that completion of its recommended cash acquisition by RockRose Energy’s Viaro Bidco remains contingent on regulatory consent from the North Sea Transition Authority (NSTA) for a change of control over Deltic’s North Sea exploration licences, following shareholder approval of the scheme of arrangement in August 2025. Viaro Bidco has secured a further extension from the NSTA to 13 February 2026 to provide additional representations addressing the regulator’s concerns, prolonging uncertainty over the deal’s timetable and leaving investors and counterparties waiting on a critical decision that could shape Deltic’s future ownership and its role in the UK North Sea upstream sector.

The most recent analyst rating on (GB:DELT) stock is a Hold with a £2.50 price target. To see the full list of analyst forecasts on Deltic Energy stock, see the GB:DELT Stock Forecast page.

Spark’s Take on GB:DELT Stock

According to Spark, TipRanks’ AI Analyst, GB:DELT is a Neutral.

The score is primarily constrained by weak financial performance (no revenue, widened losses, ongoing cash burn, and a sharply reduced equity base in 2024). Technical indicators also reflect a pronounced downtrend with very weak momentum. Valuation provides limited support because losses make the negative P/E less informative and no dividend yield is available.

To see Spark’s full report on GB:DELT stock, click here.

More about Deltic Energy

Deltic Energy is a UK-focused oil and gas company with North Sea exploration licences, operating in the upstream energy sector with an emphasis on exploration and appraisal activities in the UK Continental Shelf.

Average Trading Volume: 460,980

Technical Sentiment Signal: Sell

Current Market Cap: £2.56M

For a thorough assessment of DELT stock, go to TipRanks’ Stock Analysis page.