DELTIC ENERGY PLC

• ◆

  Material uncertainty over going concern

  These circumstances represent a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern. However, the Directors have a reasonable expectation that the Acquisition will complete before the end of quarter-three 2026 and that the Company will thereafter have access to sufficient financial resources from NEO NEXT+ to trade solvently during the going concern period.

• ·

  Going-concern uncertainty disclosed

• ·

  Negative shareholders' funds

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers

Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. DELTIC ENERGY PLC 2020-06-23 → present
2. CLUFF NATURAL RESOURCES PLC 2012-04-19 → 2020-06-23
3. CLUFF NATURAL RESOURCES LIMITED 2012-02-21 → 2012-04-19

Accounting basis

UK Adopted International Accounting Standards ('IAS')

Reporting scope

Standalone (parent only)

Auditor

PKF Littlejohn LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“These circumstances represent a material uncertainty that may cast significant doubt on the Company's ability to continue as a going concern. However, the Directors have a reasonable expectation that the Acquisition will complete before the end of quarter-three 2026 and that the Company will thereafter have access to sufficient financial resources from NEO NEXT+ to trade solvently during the going concern period.”

Group structure

1. DELTIC ENERGY PLC · parent
   1. Deltic Energy One Limited 100% · England and Wales

Significant events

• “On 7 May 2026, the boards of NEO NEXT+ Energy Upstream UK Limited ("NEO NEXT+") and Deltic announced a recommended cash offer for the entire issued and to be issued ordinary share capital of Deltic (the "Acquisition") by way of a court-sanctioned scheme of arrangement.”
• “On 24 June 2026, Deltic shareholders voted overwhelmingly to support the acquisition of Deltic by NEO NEXT+ which remains subject principally to NSTA approval of the transaction which is currently expected to complete before the end of quarter-three 2026.”
• “On 3 February 2026, the Company agreed with the Selene JV an extension to the payment date of amounts owed by the Company in relation to: (i) in aggregate, £1.5 million, being the sums that have accrued to the Company's account in relation to the successful Selene exploration well from April 2025 to October 2025; and (ii) any further sums accruing to the Company in relation to Selene after October 2025.”
• “On 27 May 2026, the Company received a payment of US$1.0m (£0.7 million) 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.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.