Deltic Energy Share Discussion Threads

[forethought] 20/11/2024 16:23

Oh hello.... something afoot just before EOB?

[apotheki] 15/11/2024 15:10

You sound a wee bit Scottish there!

[forethought] 15/11/2024 14:52

Canna I believe

[tsmith2] 15/11/2024 14:19

Which broker?

[ohisay] 15/11/2024 14:07

Wonder how Snellers feeling ..

[forethought] 15/11/2024 12:59

Have Shore finally cleared? Possibly.

[stocksandshares3] 15/11/2024 12:13

Broker target was 30p and upped to 38p. Currently sat at 5.6p! Re-rate anyday now.

[ohisay] 15/11/2024 10:27

Malcy's only dangerous to Pork Pies.

[nigelpm] 15/11/2024 07:52

He's speculating. Look at his previous posts on deltic. He's been more wrong than right. That's not to say it's not worth a punt at 5p.it probably is but be very mindful of his drivel.

[apotheki] 15/11/2024 07:50

Sorry but do NOT agree nigelpm. That last paragraph has information that can only have been gleamed from the company. My view is that he is actually spot on!

[nigelpm] 15/11/2024 07:10

He's not worth reading. He's a paid ramper and a dangerous one at that. He seems to negate the fact that the cash will run out and deltic need a deal...he's clueless.

[ohisay] 15/11/2024 04:58

FWIW ..over the top as usual but the sentiment is correct..

As CEO Andrew Nunn points out, doing this work and preparing for FID can mean only one thing, the light of a commercial return is at the end of the tunnel. Indeed, the preliminary data indicates that the P50 discovered volume is ‘more than twice the minimum economic field size and in the proposed assumed development scenario, Selene would have a post-tax NPV10, net to Deltic, of $61M (50 pence/share equivalent)’.

The shares are up 10% today, it should be masses more than that as a huge amount of value, created just by completing this stage of the process and the taking of initial steps for an actual development means that Deltic is pregnant with value.

How this value is created could be in many ways, but right now and particularly post-FID, Deltic has many funding options and does not include going to the market for equity raising purposes. For example they will be able to negotiate an RBL, could partner with a trading operation for forward gas sales or even farm-down for cash and carry, any of these mean that shareholders will not get diluted for their equity. But at 5p a share it is a minimum of a 10 bagger in anyones money and should go a great deal higher, the upside in Deltic shares is huge.

[cashandcard] 14/11/2024 12:08

kibes,It's always a risk for poorly resources companies. I think they stand a much better chance of getting something for Selene, whether that's cash for selling out or a farmdown and carry, we'll have to see.Cash

[ohisay] 14/11/2024 09:08

KiBes it was a stranded asset with an associated big price tag for development .
Selene totally different ..like night and day .

[apotheki] 14/11/2024 09:05

Message for kibes - Pensacola and Selene are two completely different projects that put very simply are like comparing chalk with cheese or if you prefer apples with pears!

[apotheki] 14/11/2024 09:00

In contrast to Pensacola, the Selene prospect is a simple Leman Sandstone structure in an established, well understood play and located close to existing production infrastructure. In a successful outcome, it is considered unlikely that Selene will require further appraisal prior to field development planning commencing and could therefore be brought into production relatively quickly following discovery given the proximity of existing infrastructure.

[apotheki] 14/11/2024 08:55

Andrew Nunn, CEO, commented:

"We are looking forward to engaging with Shell and Dana as we work through the customary post-well analysis and preparation of a plan which will move the Selene discovery towards development over the coming year. We continue to believe that the asset can create material value for our shareholders."

[apotheki] 14/11/2024 08:54

Based on the results of the well and the data collected, Deltic believes that the JV should be well placed to progress towards field development planning and a final investment decision on a future development without requiring a further appraisal well.

In addition to Selene, Deltic will re-evaluate the Endymion prospect, located on the north-eastern corner of the block, which is another low-risk Leman Sandstone opportunity that could be tied into any future Selene development.

[forethought] 14/11/2024 08:40

Pensacola was/is a whole different ball game. Needs massive investment.

[soilderboy] 14/11/2024 08:38

No, not for those already nackers deep!

[kibes] 14/11/2024 08:37

cashandcard - It wasn't able to sell Pensacola and had to walk away.

[forethought] 14/11/2024 08:37

So right now, the market values this at around £6m mcap.Just under £2m of that is cash!!!Any potential buyer must be rubbing their hands right now.

[ohisay] 14/11/2024 08:25

Yep..Cannacord have end year 2024 cash of £1.3m which should be enough to get them into Q2 2025 and a full exit from the North Sea.

[cashandcard] 14/11/2024 08:20

Kibes,They are likely to sell out or farmdown. Too many risks for a tiny outfit like this.Cash