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An announcement from Deltic Energy ( (GB:DELT) ) is now available.
Deltic Energy PLC has announced an update regarding its acquisition by RockRose Energy Limited, a subsidiary of Viaro Energy Limited. The acquisition, which involves a recommended cash offer for Deltic’s entire share capital, is pending approval from the North Sea Transition Authority (NSTA) for a change in control of Deltic’s licenses. Although the assessment by the NSTA is taking longer than expected, both companies remain optimistic about completing the acquisition in the fourth quarter of 2025, which could significantly impact Deltic’s operations and market positioning.
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 a company operating in the energy sector, primarily focusing on oil and gas exploration and production activities, particularly in the UK’s North Sea region.
Average Trading Volume: 445,142
Technical Sentiment Signal: Sell
Current Market Cap: £6.75M
Learn more about DELT stock on TipRanks’ Stock Analysis page.