Seems this is massively undervalued a 7.5p even at 15p!!22 Apr 2026 23:02
In July last year, Deltic said it is working with joint venture partners Shell and Dana Petroleum to develop a field development plan for Selene, with a final investment decision (FID) planned for 2027.
Connected to Selene, Deltic said it has also identified a prospect within the Endymion structure within the P2437 licence, part of the depleted Mimas gas field.
Capricorn Energy is itself currently the subject of a separate potential takeover offer from Saudi-linked investment vehicle Cafani earlier this month.
Petrogas International is a subsidiary of Mohammed Al Barwani LLC, also known as MB Holding, an Omani conglomerate with interests across energy, engineering and infrastructure.
The company is owned by billionaire Omani businessman Mohammed Al Barwani.