Deltic Energy's board has received an unsolicited + non-binding takeover approach letter from Reabold Resources, which it rejected on 15 July. If submitted, the offer would be all-share for the issued and to-be-issued capital of Deltic Energy, formerly Cluff Natural Resources, with a value of GBP 12.34 MM. Deltic holds interest in SNS P2437 (Selene prospect), P2435, P2428, P2252 (Pensacola prospect) and CNS P2352 + P2384, while Reabold is engaged onshore in the East Midlands.
(Anglo-Dutch b.) Deltic Energy's board has received an unsolicited + non-binding takeover approach letter from Reabold Resources, which it rejected on 15 July. If submitted, the offer would be all-share for the issued and to-be-issued capital of Deltic Energy, formerly Cluff Natural Resources, with a value of GBP 12.34 MM. Deltic holds interest in SNS P2437 (Selene prospect), P2435, P2428, P2252 (Pensacola prospect) and CNS P2352 + P2384, while Reabold is engaged onshore in the East Midlands.