Selene Deferred Payment Agreement

Summary by AI ^BETAClose X

Deltic Energy Plc has agreed with Shell U.K. Limited to defer the payment date for amounts owed in relation to the Selene exploration well. This includes £1,530,320 accrued from April to October 2025, plus any further sums accruing thereafter. The payment is now due on 27 May 2026, with a potential for up to six additional months' extension at Shell's discretion.

Disclaimer*

Deltic Energy PLC

03 February 2026

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

3 February 2026

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

Selene Deferred Payment Agreement

Further to Deltic's announcement on 12 December 2025, the Company announces that it has agreed with Shell U.K. Limited ("Shell") an extension to the payment date of amounts owed to Shell by Deltic in relation to: (i) in aggregate, £1,530,320, being the sums that have accrued to Deltic's account in relation to the successful Selene exploration well from April 2025 to October 2025; and (ii) any further sums accruing to Deltic in relation to Selene after October 2025 (together the "Deferred Amounts").

The payment date of the Deferred Amounts has now been deferred to 27 May 2026, although Deltic may request extensions of this date for up to a further six months, with the decision to grant any such extensions being at Shell's sole discretion.

**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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