Deltic Energy receives $1m Selene payment from Dana.
Deltic Energy said on Wednesday that it had received a $1.0m payment from Dana Petroleum relating to costs incurred under the Selene farm-out agreement.
Deltic Energy
27 May 2026 12:36:40
Source: Sharecast
The AIM-traded natural resources investing company said the payment, equivalent to £738,561.62, related to costs incurred by Deltic and repayable by Dana under the farm-out of a 25% interest in licence P2437.
The licence contains the Selene prospect in the Southern North Sea. The farm-out was first announced in February 2024.
Deltic said the proceeds would be used for ongoing working capital requirements.
At 1056 BST, shares in Deltic Energy were up 2.74% at 6.78p.
Reporting by Josh White for Sharecast.com.
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