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Deltic Energy Plc has agreed with Shell U.K. Limited to defer the payment date for amounts Deltic owes to Shell. This includes £1,530,320 that accrued from April 2025 to October 2025, plus any further sums related to the Selene exploration well. The payment date for these deferred amounts has been extended to 27 August 2026, with Deltic able to request further extensions of up to three months, subject to Shell's discretion.
| Date | 6 May 2026 |
| Time | 10:21:23 |
| Category | Acquisitions and alliances |
| ID | 2382D |
Deltic Energy Plc / Index: AIM / Epic: DELT / Sector: Natural Resources
6 May 2026
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 August 2026, although Deltic may request extensions of this date for up to a further three months, with the decision to grant any such extensions being at Shell's sole discretion.
**ENDS**
For further information please contact the following:
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Deltic Energy Plc |
Tel: +44 (0) 20 7887 2630 |
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Andrew Nunn / Sarah McLeod |
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Allenby Capital Limited (Nominated Adviser) |
Tel: +44 (0) 20 3328 5656 |
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David Hart / Alex Brearley (Corporate Finance) |
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Canaccord Genuity Limited |
Tel: +44 (0) 20 7523 8000 |
|
Adam James |
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Vigo Consulting (IR Adviser) |
Tel: +44 (0) 20 7390 0230 |
|
Patrick d'Ancona |
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