Receipt of payment from Dana Petroleum

Summary by AI BETAClose X

Deltic Energy Plc has received a payment of US$1.0 million, equivalent to £738,561.62, from Dana Petroleum (E&P) Limited. This payment relates to costs incurred by Deltic and repayable by Dana following the farm-out of a 25% interest in Licence P2437, which contains the Selene Prospect. The funds received will be utilized for Deltic's ongoing working capital requirements.

Disclaimer*

Deltic Energy PLC
27 May 2026
 

 

Deltic Energy Plc / Index: AIM / Epic: DELT / Sector: Natural Resources

 

27 May 2026

 

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Deltic Energy Plc ("Deltic" or "the Company")

Receipt of payment from Dana Petroleum (E&P) Limited

 

 

Deltic Energy Plc ("Deltic" or the "Company"), the AIM-quoted natural resources investing company with a high impact exploration and appraisal portfolio focused on the Southern North Sea, announces that it has received a payment of US$1.0m (£738,561.62) (the "Payment") from Dana Petroleum (E&P) Limited ("Dana") relating to costs incurred by Deltic and repayable by Dana pursuant to the farm-out of the 25% interest in Licence P2437, containing the Selene Prospect, first announced on 7 February 2024.

 

The funds from the Payment will be used for Deltic's ongoing working capital requirements.

 

**ENDS**

 

For further information please contact the following:

 

 

Deltic Energy Plc                                                 

 

Tel: +44 (0) 20 7887 2630 

Andrew Nunn / Sarah McLeod          


 

Allenby Capital Limited (Nominated Adviser)     

  

Tel: +44 (0) 20 3328 5656

David Hart / Alex Brearley (Corporate Finance)


 

Canaccord Genuity Limited

 

Tel: +44 (0) 20 7523 8000

Adam James

 

 

Vigo Consulting (IR Adviser)                                                     

 

Tel: +44 (0) 20 7390 0230

Patrick d'Ancona


 

 

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