IN BRIEF: Deltic draws down PS3 million loan linked to Neo Next+ deal

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Deltic Energy PLC - London-based investment firm with an exploration and appraisal portfolio in the southern and central North Sea - Says it has drawn down the full £2.9 million available through its term loan facility with Neo Next+ Energy Upstream UK Ltd, which it entered on May 7 in connection with its recommended cash acquisition by Neo Next+. The agreed acquisition was also announced on May 7, with the companies noting that it already had support from shareholders representing 23.0% of the total. North Sea exploration investor Neo Next+ was formed when Aberdeen, Scotland-based Neo Next Energy Ltd merged with TotalEnergies SE’s UK upstream oil and gas business.

Deltic also announces that it has repaid all amounts outstanding under the term loan facility entered into on June 30 with RockRose Energy Ltd. RockRose, a subsidiary of Viaro Energy Ltd, had previously made an offer for Deltic, but this proposed acquisition lapsed before receiving regulatory approval.

Current share price: 7.50 pence, up 9.5% on Monday in London

12-month change: up 7.1%

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