Deltic Energy Share Discussion Threads

[oilretire] 19/1/2024 08:01

The read across to the partners well at Crosgan is very significant. Potentially a new production hub in the making for those two, scale of which could mean it's end of the decade before first gas. Shell & One should ensure we get fair value relative to whatever stage of the appraisal/development the overall project is at when delt cash in in part or whole.

[upman] 19/1/2024 07:55

It will be upto Shell how it's developed

[bountyhunter] 19/1/2024 07:43

Based on the valuations provided given they are not far apart surely they might as well go for the gas only development. That option should be quicker, less costly and attract less attention from the environmentalists as oil would not be involved.

[apotheki] 19/1/2024 07:35

Graham Swindells, Chief Executive of Deltic Energy, commented:

"RPS's validation of our technical assessment of the Pensacola discovery is another step forward for Deltic as we progress towards drilling the appraisal well in late 2024. In particular, we are pleased with the potential valuation that RPS ascribe to the discovery net to Deltic, particularly within the context of our current share price. It's clear that Pensacola is a regionally significant hydrocarbon accumulation and we will continue to work with our partners at Shell and ONE-Dyas to mature the opportunity and optimise the potential development scenarios as we go forward."

[ashkv] 19/1/2024 07:32

Hopefully share price doesn't go down with today's RNS!!! With the market reaction to JOG and CHAR farm-outs anything is possible. Perhaps some mention of AI should have been included in the RNS...

Farm-out Process Update

As previously communicated, Deltic continues to work on a number of potential options to both realise value and mitigate exposure to future drilling expenditure on both Pensacola and Selene and has received a significant level of interest. Deltic is continuing to engage with a number of different counterparties in relation to a range of potential transactions on both of these assets and looks forward to updating the market in due course.


Graham Swindells, Chief Executive of Deltic Energy, commented:

"RPS's validation of our technical assessment of the Pensacola discovery is another step forward for Deltic as we progress towards drilling the appraisal well in late 2024. In particular, we are pleased with the potential valuation that RPS ascribe to the discovery net to Deltic, particularly within the context of our current share price. It's clear that Pensacola is a regionally significant hydrocarbon accumulation and we will continue to work with our partners at Shell and ONE-Dyas to mature the opportunity and optimise the potential development scenarios as we go forward."

[ohisay] 19/1/2024 07:27

-- Based on the two development scenarios assessed, RPS estimates a 2C Post Tax NPV10 of USD$205M net to Deltic (combined case) and USD$199M net to Deltic (gas only case)

-- These project NPV10 valuations equate to approximately 169p - 174p per Deltic share

-- Subsequent to the CPR work, appraisal well data from the analogous Crosgan Zechstein discovery has been released that supports the potential for thicker, higher quality reservoir across the crest of Pensacola

-- Progress continues to be made on both the Pensacola and Selene farm-out processes with a significant level of interest from industry

Looks good ...

[sawney] 19/1/2024 07:22

Of course it could just be all talk but on the face of it...seems like they're spoilt for choice as to which option to choose...

[apotheki] 03/1/2024 07:50

Deltic has Carbon Neutral Status Certified

Deltic Energy Plc, the AIM-quoted natural resources investing company with a high impact exploration, appraisal and development portfolio focused on the Southern North Sea, is delighted to announce that the Company has been certified as a Carbon Neutral Business by Carbon Neutral Britain Ltd.

Deltic's Scope 1, Scope 2 and Scope 3 emissions were assessed for the 12-month period ending 31st October 2023 by Carbon Neutral Britain Ltd and 100 per cent of corporate emissions have been offset through independently verified carbon offsetting projects. The carbon neutral certification will require renewal on an annual basis.

Graham Swindells, Chief Executive of Deltic Energy, commented:

"Deltic takes its obligations to the environment and the North Sea Transition Deal seriously, and this independent audit of our corporate greenhouse gas emissions footprint and Carbon Neutral Certification is an important step in that process. We've chosen to offset our emissions through Carbon Neutral Britain's Climate FundTM, which supports a range of global projects which have benefits above and beyond simple carbon offsetting. We will continue to monitor and, where possible, look to reduce our corporate footprint as we continue to move the business forward."

[ashkv] 20/12/2023 15:01

God willing soon - this share has been nothing but misery - CEO owns around 95 and dilution would not serve him or shareholders - farm out or outright sale makes more sense...but then again this is AIM :)

[notetech] 20/12/2023 08:38

When interested parties are made public, this re-rates:https://www.proactiveinvestors.co.uk/companies/news/1036516/deltic-energy-well-confirmation-paves-way-for-farm-out-says-broker-1036516.html

[reba] 18/12/2023 10:32

Looks as though we are now down to price before dilution.

[steelwatch] 15/12/2023 14:11

See most recent RNS Ck.

[barnes4] 15/12/2023 11:15

Party in full swing no time to update long suffering shareholders

[colyerkid] 15/12/2023 10:47

Not saying much about it are they.

[steelwatch] 15/12/2023 10:18

Fugro Quest is now east of Edinburgh, so, presumably, the Selene operation has been completed.

[barnes4] 13/12/2023 12:39

Staff Xmas party looming 😂

[steelwatch] 08/12/2023 10:38

Fugro Quest arriving Selene shorty for geotechnical drilling:

[pro_s2009] 06/12/2023 02:47

Decent update.

[oilretire] 05/12/2023 09:59

Hopefully they manage to keep a portion of Pensacola on a free carry. Be good if they can get past a positive appraisal before striking a deal.

[apotheki] 05/12/2023 08:45

Spot on steelwatch!

[steelwatch] 05/12/2023 08:27

Hopefully the question will be resolved without recourse to market funds and at a good price!

[apotheki] 05/12/2023 08:15

So yes steelwatch a good question that I continue to hope is DELT with by some real value realisation by DELT

[apotheki] 05/12/2023 08:13

Selene & Pensacola - Value Realisation

The Company continues to work on a number of potential options to both realise value and reduce future capital expenditure and has received a considerable level of interest in both Pensacola and Selene from industry. Deltic continues to engage with a number of counterparties in relation to a range of potential transactions on both assets and looks forward to updating the market in due course.