Deltic repays RockRose loan, draws down facility with suitor Neo Next+

18th May 2026 12:22

(Sharecast News) - Deltic Energy said on Monday that it had repaid all outstanding amounts under a term loan facility with RockRose Energy, and had fully drawn a new £2.9m loan linked to its recommended takeover by Neo Next+ Energy Upstream UK.

The AIM-traded natural resources investing company said the RockRose facility, entered into on 30 June 2025, had now been repaid in full.

Deltic had since drawn down the full amount available under the term loan facility agreed with Neo Next+ on 7 May.

The facility was put in place in connection with the recommended cash acquisition of Deltic by Neo Next+, which was announced on the same day.

At 1158 BST, shares in Deltic Energy were up 9.49% at 7.5p.

Reporting by Josh White for Sharecast.com.

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