Deltic Energy Plc

Canaccord Genuity’s Corporate Broking Team is pleased to announce it has been appointed as Joint Broker to Deltic Energy Plc (“Deltic” or the “Company”).

Deltic Energy Plc (AIM: DELT) is a United Kingdom-based natural resources investing company. The Company's principal focus is on the exploration, evaluation and development of its gas and oil licenses in the Southern and Central North Sea. Deltic has strong industry partnerships on its O&G licences, comprising Shell and Capricorn.

Deltic recently raised £16m via an oversubscribed Placing and Open Offer, with Canaccord acting as Joint Bookrunner, to fund its share of the Selene Well (Deltic WI: 50%). Deltic is also due to spud its Pensacola asset this October, also operated by Shell (Deltic WI: 30%).

This is the 13th new client appointment for Canaccord Corporate Broking in the last 12 months.