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Deltic Energy Plc announced on 27 May 2026 the receipt of a payment from Dana Petroleum (E&P) Limited. The payment totaled US$1.0m (£738,561.62). This amount relates to costs incurred by Deltic and repayable by Dana, pursuant to a farm-out of a 25% interest in Licence P2437, containing the Selene Prospect, first announced on 7 February 2024.
| Date | 27 May 2026 |
| Time | 07:00:02 |
| Category | Miscellaneous |
| ID | 7691F |
Deltic Energy Plc / Index: AIM / Epic: DELT / Sector: Natural Resources
27 May 2026
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:
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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 |
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Adam James |
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Vigo Consulting (IR Adviser) |
Tel: +44 (0) 20 7390 0230 |
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Patrick d'Ancona |
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