No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Deltic Energy confirmed on Wednesday that it is in potential takeover talks with three parties: Capricorn Energy, Petrogas International E&P - a subsidiary of Mohammed Al Barwani - and private Norwegian company Blue Concept.
The AIM-listed North Sea operator said there can be no certainty that any of the discussions will result in an offer being made, nor as to the terms on which any such offer may be made.
Under UK takeover rules, each of the three potential offerors has until 1700 BST on 20 May to either announce a firm intention to make an offer or walk away.
"The Deltic directors will carefully consider proposals from the potential offerors in conjunction with the company's advisers," it said.
The shares closed up 153% at 7.60p.
See latest RNS on Investegate
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.