Announcement • May 20
Capricorn Energy PLC (LSE:CNE) cancelled the acquisition of Deltic Energy Plc (AIM:DELT). Capricorn Energy PLC (LSE:CNE) proposed to acquire Deltic Energy Plc (AIM:DELT) on April 22, 2026. As part of the acquisition, Capricorn Energy PLC proposed to acquire the entire issued and ordinary share capital of Deltic Energy Plc. In a related transactions, Petrogas International E&P Coöperatief U.A. and Blue Concept Hld AS have each separately approached to acquire Deltic Energy Plc regarding possible cash offers. A further announcement will be made if and when appropriate. Shareholders are advised to take no action at this stage.
David Hart and Alex Brearley of Allenby Capital Limited acted as financial advisor to Deltic Energy Plc. Henry Fitzgerald-O'Connor and George Grainger of Canaccord Genuity Limited acted as financial advisor to Capricorn Energy PLC.
Capricorn Energy PLC (LSE:CNE) cancelled the acquisition of Deltic Energy Plc (AIM:DELT) on May 19, 2026. Announcement • May 07
Neo Energy Upstream UK Limited agreed to acquire Deltic Energy Plc (AIM:DELT) for approximately £7.2 million. Neo Energy Upstream UK Limited agreed to acquire Deltic Energy Plc (AIM:DELT) for approximately £7.2 million on May 7, 2026. As part of consideration £7.16 million is being paid at a share price of 7.7 pence in cash. The transaction will be financed through senior debt of £2.9 million.
The transaction is subject to approval of offer by target shareholders, a resolution to approve the Scheme is passed by a majority in number of the Scheme Shareholders present and voting (and entitled to vote) at the Court Meeting, either in person or by proxy, representing at least 75%, in value of the Scheme Shares voted by those Scheme Shareholder, following the Court Meeting and the General Meeting, the Scheme is sanctioned by the Court (without modification, or with modification on terms agreed by NEO NEXT+ and Deltic), and following such sanction, a copy of the Court Order is delivered to the Registrar of Companies and satisfaction of the NSTA Condition. The expected completion of the transaction is December 31, 2026.
Allenby Capital Limited acted as financial advisor for Deltic Energy Plc. Peel Hunt LLP acted as financial advisor for Neo Energy Upstream UK Limited. Pinsent Masons LLP acted as legal advisor for Neo Energy Upstream UK Limited. DAC Beachcroft LLP acted as legal advisor for Deltic Energy Plc. Announcement • Apr 24
Capricorn Energy PLC (LSE:CNE) proposed to acquire Deltic Energy Plc (AIM:DELT). Capricorn Energy PLC (LSE:CNE) proposed to acquire Deltic Energy Plc (AIM:DELT) on April 22, 2026. As part of the acquisition, Capricorn Energy PLC proposed to acquire the entire issued and ordinary share capital of Deltic Energy Plc. In a related transactions, Petrogas International E&P Coöperatief U.A. and Blue Concept Hld AS have each separately approached to acquire Deltic Energy Plc regarding possible cash offers. A further announcement will be made if and when appropriate. Shareholders are advised to take no action at this stage.
David Hart and Alex Brearley of Allenby Capital Limited acted as financial advisor to Deltic Energy Plc. Henry Fitzgerald-O'Connor and George Grainger of Canaccord Genuity Limited acted as financial advisor to Capricorn Energy PLC. 
