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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Deltic Energy Plc | DELT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.40 | 3.45% | 12.00 | 08:00:27 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 12.00 | 12.00 | 12.00 | 12.00 | 11.60 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 23/7/2024 08:03 by apotheki Deltic Energy Plc / Index: AIM / Epic: DELT / Sector: Natural ResourcesSelene Drilling Operations - Rig Mobilisation Deltic Energy Plc, the AIM quoted natural resources investing company with a high impact exploration and appraisal portfolio focused on the Southern and Central North Sea, is pleased to announce that the Valaris 123 drilling unit has been mobilised and is on route to the Selene well location. Shell UK Ltd ("Shell"), in its role as Operator of Licence P2437, has informed Deltic that the Valaris 123 drilling unit was mobilised on 21 July from its current location in the Central North Sea, and is anticipated to arrive at the Selene well location in the Southern North Sea shortly, depending on weather conditions encountered during transit. Drilling operations are expected to commence shortly thereafter, with planned operations lasting approximately 90 days. The Company will make a further announcement once drilling has commenced. The well is designed to collect all key information in relation to reservoir quality and gas composition that is required to support, assuming a successful drilling outcome, a field development plan and final investment decision on the potential development of the Selene gas field without the requirement for a further appraisal well. The Joint Venture has therefore determined there is no requirement for a full well test as part of that process and, in line with normal oilfield practice, the well will accordingly be plugged and abandoned on completion. Deltic estimates the Selene structure to contain gross P50 prospective resources of 318 BCF (P90-P10 Range of 132-581 BCF with GCoS of 69%) in the Leman Sandstone reservoir, which is the key reservoir interval in all adjacent gas fields including Barque, Clipper and West Sole. Following farm-outs to Shell in 2019 and Dana Petroleum (E&P) Limited ("Dana") in February 2024, Deltic is fully carried for its 25% working interest in the Selene well up to a gross success case well cost of USD$49M, which is in excess of the Operator's success case well Authorisation for Expenditure of USD$47M. |
Posted at 11/6/2024 08:23 by ashkv If this is truly so - CAN'T TRUST SWINEdells why would the firm not just buy DELT for pocket change and get Selene included?"Licence P2542 - Syros Update Deltic is in the process of bringing the farm-out in relation to its 100% working interest in the Syros prospect to a close. While discussions are ongoing, there is no guarantee that these will be concluded successfully or result in a transaction. The Company will provide a further update once these discussions have been concluded. The Syros prospect is a modestly sized, low risk exploration target located in the Central North Sea which is in close proximity to established production infrastructure on the Montrose-Arbroath high." |
Posted at 11/6/2024 07:05 by candlestick1 Deltic Energy PLC - Pensacola Withdrawal and Portfolio Update #DELT @DelticEnergy https://www.voxmarke |
Posted at 18/5/2024 12:54 by cashandcard Here's an idea, maybe Swindells should get on the phone to Andrew Austin at KIST. He's always on the lookout for new assets, maybe an agreement of sorts can be reached. In fact, it maybe an idea for KIST to look into fully taking out DELT in an all stock deal - DELT holders will benefit from a wider portfolio and mixed exposure, with a good chunk of assets outside the UKCS. But hey, Turkeys at DELT certainly not going to vote for Christmas. It will need activist investor groups to make any such deal happen.Cash |
Posted at 05/5/2024 17:11 by jammytass will Deltic be handing back 30% of the rights to the biggest Gas and Oil discovery in the NS for nothing. > NO?Will Shell as a major JV partner make a small bid for delt maybe will other players want to buy or jv deltic maybe share placing at 12p most likely perhaps A EGM should be called |
Posted at 30/4/2024 08:25 by ashkv Swindells owns approximately 3.5% of Deltic Energy - so has a lot more at stake.Lets see if he is willing to bet it all on 70% Chance of Success Selene or he is going to go home with whatever is left of his poker stake!!! Cannacord have in below valuation implied a 67% Chance of Success for Selene!!! At 21p - DELT is a high risk play with multiples upside / possibly 3-4x on Selene success and 75%+ downside on a duster!!! Also Pensacola not ruled out - I have a positive gut feeling -lets see if bears out :) A crypto share :) It will be an interesting few months for DELT!!! Cannacord today. While there is still some hope that Pensacola funding may be found over the next month or so, we still believe that carrying some value for it in our target price is reasonable. However, naturally we heavily cut that value to reflect the clear and near-term risk of asset loss. As a result, we reduce our risked NPV10 based target price to 110p (from 180p). That includes the following: Selene, risked 89p (unrisked 133p); Pensacola, risked 8p (unrisked 96p); Syros, risked 15p (unrisked 148p). |
Posted at 17/4/2024 07:40 by apotheki Deltic Energy Plc / Index: AIM / Epic: DELT / Sector: Natural ResourcesFinal Results Deltic Energy Plc ("Deltic" or the "Company"), the AIM-quoted natural resources investing company with a high impact exploration and appraisal portfolio focused on the Southern North Sea ("SNS") is pleased to announce its audited results for the year ended 31 December 2023 ("FY 2023") and that it has released an updated corporate presentation. The corporate presentation is available on the homepage at the Company's website: www.delticenergy.com Highlights · Drilling of Pensacola prospect resulted in the largest discovery in the Southern North Sea in the last decade, at the upper end of our pre-drill estimates · RPS Energy Ltd ("RPS") independently assessed Pensacola on the basis of a combined gas and oil case, estimating a gross 2C contingent resource of 72.6 mmboe (21.8 mmboe net to Deltic) and in the gas only case gross 2C contingent resource of 50 mmboe (15 mmboe net to Deltic) · RPS also estimated a Post tax NPV10 in the combined case of $683m (gross) or $205m net to Deltic and $663m (gross) in the gas only case or $199m net to Deltic · Planning has progressed for a well to be drilled with Shell over the Selene gas prospect followed by an appraisal well for Pensacola in the second half of 2024 · Rig contract signed and structured such that both Selene and Pensacola will be drilled back to back using the Valaris 123, a heavy duty jack-up rig, expected to commence July 2024 · Success in 33rd UK Licensing Round · Cash position of £5.6 million at 31 December 2023 (2022: £20.4 million) with no debt · Net cash outflow for the year of £14.8 million (2022: inflow £10.3 million) mainly for funding Pensacola exploration drilling and other exploration investments · Completed a farmout of the Selene prospect to Dana Petroleum post-period end with Deltic fully carried for the estimated cost of the success case well Graham Swindells, Chief Executive of Deltic Energy, commented: "2023 was a transformational year for Deltic following the Pensacola discovery in the Southern North Sea in February. As one of the area's biggest discoveries in the past ten years, this was a fantastic result for the Company and is testament to the hard work carried out in the years leading up to this point. We continue to prepare for an appraisal well on Pensacola in Q4 this year, which I believe will take us a step closer towards commerciality. During 2023 we also continued to progress our equally significant Selene exploration prospect, culminating in an excellent farmout in early 2024. We are now in the enviable position of drilling two consecutive wells in the second half of the year, with two world class partners in Shell and Dana." "I am delighted with the progress that Deltic made in 2023 and firmly believe we can continue on this trajectory throughout 2024. The UK needs to bolster its security of energy supply more than ever and I believe that Deltic will play a key role in this." |
Posted at 05/2/2024 07:33 by therealdeal25 RNS guys we are offRNS Number : 9458B Deltic Energy PLC 05 February 2024 Deltic Energy Plc / Index: AIM / Epic: DELT / Sector: Natural Resources 5 February 2024 Deltic Energy Plc ("Deltic" or "the Company") Licence P2437 (Selene) & P2252 (Pensacola) - Confirmation of Rig Contract Deltic Energy Plc, the AIM-quoted natural resources investing company with a high impact exploration and appraisal portfolio focused on the Southern North Sea is pleased to announce that Shell UK Ltd ("Shell"), the Operator of Licences P2437 and P2252, has confirmed that a rig contract has been signed with Valaris for the drilling of both the Selene exploration well and the Pensacola appraisal well. The two wells will be drilled using the Valaris 123, a heavy duty jack-up rig, with Selene and Pensacola being drilled as a two well sequence, with the contract and mobilisation commencing in the June-July 2024 period. With Selene and Pensacola being drilled sequentially, this creates the potential for operational efficiencies associated with being part of an extended programme of wells. Confirmation of the rig contract is a significant step forward for Deltic and a key milestone in the preparatory work required to support the exploration well on the Selene gas prospect and the appraisal well on Pensacola, following last year's discovery. Following on from the operational update provided towards the end of last year, the geophysical site survey on Pensacola has now received permitting approval. Mobilisation to the site has taken place and the survey is expected to last for approximately one month. |
Posted at 07/7/2023 08:57 by ashkv REPOSTFrom the Allenby Report -> The road ahead: Well 41/05a-2 will now be plugged and abandoned as planned. The Pensacola project is likely to advance to the appraisal stage with appraisal drilling possible in 2024. We think a FEED (Front End Engineering Design) feasibility study is a possibility in 2025 with the development of the field and a gas export route following in 2026. In our view, the earliest that Pensacola could commence commercial production would be 2027. Deltic has indicated that, together with Shell, it is undertaking preparations for a Selene (WI 50%) exploration well in the Leman sandstone fairway of the SNS Basin in 2024. (Phoeix Oil - WITH A 50% CHANCE OF SUCCESS - Makes sense for Deltic to Farm-Out a portion of Deltic's 50% interest and have a free carry on the well!!!) ashkv - 04 Apr 2023 - 15:58:39 - 4299 of 4575 Have we been DELT an ace with super major SHELL OIL?!?!? - DELT REPOST Financials Deltic’ position was around £20m bolstered by the £15.96m gross raise at 3.50p/share last September. The underlying cash outflow from operations and capital expenditure was less pronounced than might have been expected in the second half of 2022 given that Pensacola well costs flow through to payables with a significant lag. As noted previously, the bulk of these will impact cash in the first half of 2023. Our forecast for the cash balance at end 2023 is £5.9m. This assumes a cash outflow from operations of £2.3m and capital expenditure of £12.5m. The latter reflects £10.5m Pensacola well costs, £1.2m Selene site survey and related long lead time outlays and £0.8m 33rd North Sea Licensing Round. Deltic has previously suggested that its share of prospective Selene well costs will be £11.1m. We think, however, that Selene is unlikely to be spudded before H1 2024. ashkv - 04 Apr 2023 - 15:58:25 - 4298 of 4575 Have we been DELT an ace with super major SHELL OIL?!?!? - DELT A reminder as to the potential value - DELT unloved and management need to get their act on the road -very disappointing.... |
Posted at 08/2/2023 07:04 by moneymunch Deltic Energy Plc / Index: AIM / Epic: DELT / Sector: Natural Resources8 February 2023 Deltic Energy Plc ("Deltic" or "the Company") Pensacola Gas Discovery Deltic Energy Plc, the AIM-quoted natural resources investing company with a high impact exploration and appraisal portfolio focused on the Southern and Central North Sea, is pleased to announce a significant gas and oil discovery at Pensacola on Licence P2252 in the Southern North Sea. Highlights · Pensacola could represent one of the largest natural gas discoveries in the Southern North Sea in over a decade. · Deltic pre-drill volumetrics for Pensacola confirmed by well - P50 Estimated Ultimate Recovery ('EUR') of 302 BCF. · Well opens a new Zechstein play in this mature basin. · Flow test results inline with Deltic's pre-test expectations based on the reservoir parameters derived from the well. Graham Swindells, Chief Executive of Deltic Energy, commented:- "Deltic's first exploration well at Pensacola has resulted in a highly positive outcome and, at approximately 300 BCF, would represent one of the largest natural gas discoveries in the Southern North Sea in over a decade. This discovery is a major milestone in the development of our Company as we continue to execute our exploration led strategy and progress our portfolio of high-quality drilling opportunities as we seek to create value for our shareholders. We believe that the Pensacola discovery will open a new Zechstein play in this mature basin and highlights the remaining potential of the North Sea as a source of further discoveries which can provide domestically produced natural gas, supporting UK energy security while we transition toward a Net Zero economy. As we continue our preparations for drilling the Selene well, we are now looking forward to working with our partners as we continue to progress this exciting and significant gas discovery at Pensacola, and look forward to updating the market on our future plans." Well 41/05a-2, operated by Shell UK Ltd ("Shell"), reached a total depth of 1,965 metres true vertical depth subsea ("TVDSS") and the presence of mobile gas and oil in the primary Zechstein Hauptdolomite carbonate target interval was confirmed via wireline logs. The well encountered the top Hauptdolomite reservoir at 1,745 metres TVDSS and confirmed a reservoir thickness of 18.8 metres with better than expected porosity averaging 16%. As planned, the well penetrated the edge of the Pensacola structure in a down dip location and has proven a substantial hydrocarbon column. Post acidization, the well flowed gas at peak rates of c. 4.75 mmscf/day declining to 1.75mmscf/day after the 12 hours of the test. These results are in-line with Deltic's pre-test expectations based on the reservoir parameters derived from the well. Being located down dip, the flow rates observed during the well test are not expected to be representative of flow rates of potential future production wells which would likely target the central part of the Pensacola structure and are expected to generate higher rates. Light oil with a preliminary gravity of 34-36° API was also produced at a rate of approximately 18 bbls/day during the well test. The potential of this oil with respect to the Pensacola opportunity is yet to be determined. Based on the data collected during drilling and testing, Deltic has updated its volumetric models and now estimates the Pensacola discovery to contain P50 EUR of 302 BCF (P90 to P10 Range = 164 to 519 BCF) which are fully aligned with Deltic's pre-drill guidance. Following completion of the well test programme, as planned and previously stated, the well will now be plugged and abandoned in line with the usual procedure for a well of this nature, and the Noble Resilient will be de-mobilised from site. The net cost to Deltic of drilling the Pensacola well is expected to be £11.1m reflecting certain additional operational requirements during drilling, weather conditions, additional testing costs, as well as market influences, including inflation and exchange rate movements. Deltic will now incorporate the findings from the well into its geological and commercial models and work with the Joint Venture on the forward appraisal and development plan. Following this discovery, in line with the Company's strategy, Deltic will consider all options in relation to its interest in Pensacola including appraisal and development as well as potential full or partial monetisation of value. Deltic remains committed to maximising shareholder value from the discovery and across its asset base. Deltic retains a 30% working interest in Licence P2252 alongside Shell (65%) and ONE-Dyas (5%). |
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