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Pin to quick picksDeltic Energy Share News (DELT)

Share Price Information for Deltic Energy (DELT)

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Share Price: 1.375
Bid: 1.35
Ask: 1.40
Change: 0.00 (0.00%)
Spread: 0.05 (3.70%)
Open: 1.375
High: 1.375
Low: 1.375
Yest. Close: 1.375
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Independent Oil & Gas Mulling Takeover Of Peer Deltic Energy

Fri, 11th Sep 2020 18:07

(Alliance News) - Independent Oil & Gas PLC Friday said it is considering a possible all-share offer for fellow AIM-listed oil and gas firm Deltic Energy PLC.

Deltic shares closed up 39% at 1.60 pence on Friday, giving it a market capitalisation of GBP16.2 million.

Independent said there can be no certainty that an offer will be made and a further announcement will be made as and when appropriate. In accordance with UK takeover rules, the company has until October 9 to announce a firm intention to make an offer for Deltic.

Independent shares closed down 3.5% at 13.70p Friday.

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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