The Board of Deltic Energy notes the recent movement in the Company's share price.

The Company confirms that it is currently in discussions with three parties, being (i) Capricorn Energy; (ii) Petrogas International E&P Coöperatief U.A., a subsidiary of Mohammed Al Barwani LLC; and (iii) Blue Concept Hld AS ("Blue Concept"), a private Norwegian company, which have each separately approached the Company regarding possible cash offers for the entire issued and to be issued ordinary share capital of the Company.

There can be no certainty that any of the above discussions will result in an offer being made for the Company, nor as to the terms on which any such offer may be made.

Each of the Potential Offerors is required to announce either a firm intention to make an offer for Deltic or that it does not intend to make an offer by 5:00pm on 20 May 2026, unless the Panel on Takeovers and Mergers has consented to an extension of this deadline.

The Deltic Directors will carefully consider proposals from the Potential Offerors in conjunction with the Company's advisers.

As a consequence of this announcement, an "Offer Period" has now commenced in respect of the Company in accordance with the rules of the Takeover Code and the dealing disclosure requirements listed below will apply.

Allenby Capital Limited is acting as financial adviser to the Company in relation to the Takeover Code.

KeyFacts Energy: Deltic Energy UK country profile