Deltic Energy Share Discussion Threads

[jakes114] 15/4/2024 20:37

Just popped my 50K into my ISA and will sit back for the drill to turn

[therealdeal25] 15/4/2024 19:16

Looking steady here now!

[apotheki] 15/4/2024 17:25

Extract from the Liam Halligan article that appeared in yesterdays Sunday Telegraph....

It was noteworthy a British energy company announced last week it is to start drilling at the biggest oil field discovered in the North Sea in at least 20 years.

EnQuest plans to bring two fields onstream with the potential to produce 500 million barrels of crude over coming decades. This reignites the political battle over the UK’s energy future, with the Tories having just extended the 75pc “windfall levy” on North Sea output and Labour threatening to block new production completely, citing environmental concerns.

This makes no sense. There are around 300 active North Sea oil and gas fields, over half of which will cease production by 2030. The North Sea currently delivers the equivalent of 83pc of UK oil demand and 54pc of our gas use. What are our plans to replace those supplies?

Even the Climate Change Committee, the official green watchdog, acknowledges fossil fuels will still account for around half of Britain’s energy needs by 2030 and a quarter by mid-century. And that’s if the proposed net zero 2050 transition to renewables is achieved, which looks pretty unlikely.

So if that’s the case, that we’ll be using oil and gas for at least the next three decades, why not drill our own? Even if such energy is exported, at least UK energy workers would keep their jobs and the Treasury would get the tax.



Hear, hear....

[fillipe] 11/4/2024 11:46

March 26th = 30p ... April 11th = 41p.
You can't ask for more than that smooth rising, except for that to continue.

f

[soilderboy] 10/4/2024 19:53

Awareness now. It's finally coming to light how cheap this is. Loaded up again!!!

[therealdeal25] 10/4/2024 16:27

It’s about time this started moving, but the drills will keep this going

[ohisay] 10/4/2024 12:30

Worth the wait .

[apotheki] 05/4/2024 19:00

jakes1145 Apr '24 - 18:49 - 4851 of 4851

I see that Malcy has included Deltic on this years bucket list as having great potential

hxxps://www.malcysblog.com/2024/04/the-bucket-list/

[jakes114] 05/4/2024 18:49

I see that Malcy has included Deltic on this years bucket list as having great potential

[nigelpm] 04/4/2024 23:05

lol - wait for news on Pensacola - your double top will be blasted to smithereens.


Our attention is now firmly focussed on drawing the Pensacola farm-out process to a successful conclusion and we look forward to updating the market in due course."

Sounds like it's imminent to me.

[barnes4] 04/4/2024 19:07

Nasty double top formed on the short term chart

[therealdeal25] 04/4/2024 16:13

People saying the price has dropped the last 2 days, novices, the price hasn’t moved, the spread was 2p all they did was close the gap, MM’s are mathematicians, they know how to make a share move without actually moving, open the spread make people pay more, but keep the sell price the same, that’s all that has happened here, novices are novices I suppose, all on LSE 🤣🤦‍♂️

[apotheki] 03/4/2024 11:00

End of the tax year fast approaching - after today - there are just 2 trading days to the end of this tax year.

Reckon that post the new start of the new tax year next week - it potentially could be a better market place for small caps including of course Deltic Energy.

[ashleyjv] 03/4/2024 10:43

Some people sell on news but, I think that the July start date has put a few people off.
I will be stocking up over the next couple of months while the price is still low

[reba] 03/4/2024 09:23

Soliderboy
you tell me, for the last few days we have been progressing and increasing the share price on no news what-so-ever. Then we get, this morning a very positive RNS and the share price takes a tumble. Manipulation.?

[apotheki] 03/4/2024 07:50

Completion of Selene farm-out to Dana Petroleum (E&P) Limited

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 it has received the required regulatory and partner consents in respect of the farm-out of a 25% interest in Licence P2437, containing the Selene Prospect, to Dana Petroleum (E&P) Limited ("Dana") which was announced on 7 February 2024. The farm-out has therefore completed.

This transaction, in combination with the existing Shell UK Ltd ("Shell") carry, results in Deltic retaining a 25% non-operated interest in Licence P2437 and having no exposure to 2024 drilling and testing costs up to a cost cap of USD$49M (gross), which is in excess of current success case well cost estimates provided by the Operator.

Following the announcement of the rig contract for the Valaris 123 on 5 February 2024, the Selene well remains on track, with operations expected to commence in July 2024.

Graham Swindells, Chief Executive of Deltic Energy, commented:

"We are delighted to announce completion of the farm-out of Licence P2437 and formally welcome Dana to the joint venture. Well planning remains on schedule and we are looking forward to commencing Selene well operations with Shell and Dana in the summer. Our attention is now firmly focussed on drawing the Pensacola farm-out process to a successful conclusion and we look forward to updating the market in due course."

[therealdeal25] 02/4/2024 22:19

So it’s the start of our twin drill campaign build up, or will be taken out before it happens ?


hxxps://www.worldoil.com/news/2022/11/17/uk-energy-explorer-waldorf-looking-to-raise-2-billion-to-fund-north-sea-acquisitions/

[soilderboy] 02/4/2024 21:52

What's going on here then?

[ohisay] 30/3/2024 14:06

From Deltic on Linkendin.


We had an excellent time at hashtag#BEOS2024.

Our Subsurface Team Lead Tom Cafferkey’s talk on our recently re-awarded Dewar prospect was well received, leading to strong interest at our booth.

The two-day event was well attended by large independents as well as multinational energy companies, we thoroughly enjoyed networking with our industry peers.

Thank you to the American Association of Petroleum Geologists (AAPG) and the GESGB (Geoscience Energy Society of Great Britain) for organising the event; we look forward to BEOS 2025.

[steelwatch] 27/3/2024 11:03

Good spot. Probably trying to resurrect the Dewar farmout:

[ashleyjv] 27/3/2024 10:45

It appears that I mis-read what todays news was going to be.
Apparently they are doing a presentation at the Business & Exploration Opportunities Show (@10.30am today)

[steelwatch] 27/3/2024 10:28

More likely to be 07:00 tomorrow based on timing of prelims last year, but no guarantee.

[ashleyjv] 27/3/2024 10:07

News at 10.30am today?