Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An announcement from Deltic Energy ( (GB:DELT) ) is now available.
Deltic Energy has announced its unaudited interim results for the first half of 2025, highlighting a strategic shift due to challenging UK government policies affecting the domestic exploration and production industry. The company has agreed to a recommended cash offer from Viaro Bidco, a subsidiary of Viaro Energy, to acquire Deltic’s entire issued share capital. This acquisition aims to provide certainty for Deltic’s assets, including the Selene discovery, and is expected to complete in early Q4 2025. Despite financial challenges, Deltic has achieved significant exploration success, including two major gas discoveries, and continues to work on its projects in collaboration with partners like Shell.
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 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 identifying overlooked prospects, acquiring licenses, and maturing these prospects for operators interested in covering costs.
Average Trading Volume: 652,003
Technical Sentiment Signal: Sell
Current Market Cap: £6.7M
For detailed information about DELT stock, go to TipRanks’ Stock Analysis page.