Deltic Energy Share Discussion Threads

[soilderboy] 19/2/2024 21:24

I suppose we have a huge market cap when we are earning nothing. It's easy to see this pulling back.

[therealdeal25] 19/2/2024 17:46

Think once Deltic has done all the hard work, framing out, and covering drilling costs, could then be an auction on take over

[therealdeal25] 18/2/2024 13:01

Nigel 19p was even better still

[therealdeal25] 18/2/2024 13:00

Is that all you have to say? Benefit money? lol still keeping you preoccupied from the children is a good thing,

[nigelpm] 16/2/2024 20:30

I'd argue 25p was better but still.

[soilderboy] 16/2/2024 20:07

Slowly, people are getting wind now. This is a great entry point, imho

[therealdeal25] 16/2/2024 13:31

And this should keep going North, amazing we are still so much undervalued, we were valued more before we had Dana, and had the drills paid for! This will just blow soon enough,

[ohisay] 16/2/2024 13:11

Yes good to see recognition of the upside here after so many months in the doldrums last year.

Updated presentation after the Dana farm in .



Syros is an interesting wild card...

[smackeraim] 16/2/2024 10:37

Looking much better. I guess Pensacola farm out will put a few concerns to bed.

[therealdeal25] 15/2/2024 14:14

Boat leaving for Deltic leaving all the day traders behind 😂🙏🍺

Hey Nonce iamjustanumber you should have bought here! Instead of chasing dreams, and youngsters !

[oilretire] 15/2/2024 13:43

Sorry, was just me musing, I don't know. I meant if/when they do. Maybe they have stopped already and we'll never see a below 3% RNS. If we do see that RNS it'll probably be safe to assume they will exit completely.

[soilderboy] 15/2/2024 13:07

How do you know they've finished selling?

[nigelpm] 15/2/2024 11:58

I tend to hit the filter button on those posters. I do take your point - for avoidance of doubt - anything I post unless it's a link to something is my opinion.

[apotheki] 15/2/2024 11:55

Sorry nigelpm we will have to agree to disagree as so many posters are now posting stuff as though it is FACTUAL when in most cases it is CLEARLY NOT [and to be fair generally B*LL SH*T - which is not aimed at you by the way!]

[nigelpm] 15/2/2024 11:50

Apotheki - as with all posters you should add AIMHO to your posts especially post 611 [although I fully understand the point that you are making]

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I disagree - everything anyone posts is automatically "IMHO" or whatever else you want to write.

[oilretire] 15/2/2024 11:45

Cannacord finishing selling should also have a positive impact on the share price .....

[apotheki] 15/2/2024 11:30

nigelpm - as with all posters you should add AIMHO to your posts especially post 611 [although I fully understand the point that you are making]

NEVER say NEVER though as shares especially smaller ones usually go down far too low and up far too high so anything is potentially possible [history clearly demonstrates this]

One thing that we all appear to agree on is that LSE:DELT are currently extremely undervalued so well worth buying [and tucking away] anyways

Now if and I know it is a big if we are already in a new bull market for small caps [I think that we just might be!] then going into the second half of this year with all the potentially positive news flow surrounding LSE:DELT plus general macro economic factors such as falling interest rates etc....then within 2 to 3 years [perhaps sooner?] I would NOT fall off my chair if LSE:DELT had 10X Bagged!

Of course that assumes that LSE:DELT haven't already been TAKEN OVER!

[oilretire] 15/2/2024 11:29

X10 - Pre this morning's rise of course ;-)

[oilretire] 15/2/2024 11:27

Now Selene has effectively been taken out of the risk equation, I'd like to go beyond the Pensacola appraisal before a deal is done there. It's not without risk of course, but if it goes to plan the asset is going to be very very valuable and ten bagging (& more) after the appraisal is entirely feasible.

[nigelpm] 15/2/2024 11:10

Yup - agree on that point also with recent Labour confirmation they aren't going to go retrospectively.

[talkman2] 15/2/2024 11:07

Agree , but it’s still cheap as chips at these levels .

[nigelpm] 15/2/2024 10:38

There's just simply no way it 10 bags in today's market.

[nigelpm] 15/2/2024 10:30

Ramptastic! ;-)

[ohisay] 15/2/2024 09:36

Malcys blog FWIW ...

I said that after two Deltic announcements recently that I would speak to Graham Swindells and revert, well I have done that and I remain convinced that Deltic remains one of the most attractive stocks in the sector.

The first point was just to clear up the issue with regard to the recent license round, Deltic got what they wanted including the Dewar prospect which they know very well. The part license awarded by the department is being assessed further as it may not be as good as the whole proposition would have been, nothing to do with Shell.

As for the farm-out it is as good as, if not better than I had previously thought, Dana have paid full whack for their 25% non-operated interest and that means that Deltic is carried through to and effectively beyond the exploration well planned for Q3 of this year.

Unsurprisingly Deltic are delighted with this deal, Dana has experience in this type of play via Tolmount, it validates Selene and provides another experienced partner in the JV. I couldn’t ask for a better transaction if I wrote it out beforehand myself.

And all this as the farm-out of Pensacola continues in parallel, as outlined before, all options are possible, a buyer for both assets or different ones for each but I’m confident that a successful outcome will happen. The Pensacola well is set to run back-to-back with the Selene well which spuds in July so from then on in there will be non stop action. for Deltic shareholders.

I have slightly rejigged the numbers for the company as a result of this deal but either way there is phenomenal upside, any success at either Selene or Pensacola would make my TP of 200p per share look ridiculous. Deltic must have a very good chance of being a ten-bagger from here as despite reasonable performance this year of a 30% rise in the shares, any similar news from Pensacola or of course the Selene well would dwarf that move.