Deltic Energy Share Discussion Threads

[therealdeal25] 30/4/2024 08:09

Should of followed my gut last night and sold as I saw the large sells go through and bought back this morning 😂 someone is in the know that’s for sure

[ashkv] 30/4/2024 08:07

25p vs 110p - What a disconnect!!! Analysts should perhaps redo their models!!!!

[ashkv] 30/4/2024 07:58

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).

[apotheki] 30/4/2024 07:55

Graham Swindells, Chief Executive of Deltic Energy, commented:

"The struggle to find a way forward on a project like Pensacola, which is one of the largest discoveries in the North Sea in recent decades, is a real-world consequence of our political leadership using the nationally important oil and gas industry as a political football at a time when energy security is of paramount importance.

Given the impact of fiscal and political uncertainty on investment decisions we have seen a shift away from investment in larger standalone projects, like Pensacola, towards more affordable, lower risk opportunities which defer decommissioning or increase infrastructure life such as Selene, and the Company's Syros prospect in the Central North Sea, where we have seen an enhanced level of interest.

We look forward to the start of drilling operations on the high impact Selene exploration well, in which Deltic is fully carried for the estimated cost of the success case well, which remains due to spud in July 2024. In the meantime, we will continue to pursue all avenues to progress Pensacola and will update the market in due course."

[ashkv] 30/4/2024 07:53

It will not be worth the Share Price Discount to raise the same!!!

Given Market Cap is only GBP 38mn - it would not fairly reflect Selene Drill, Cash and other assets contained within Deltic as any placing will be at a significant discount!!!

This RNS is likely a precursor to a bottom barrel sale of the Pensacola asset - hopefully for values in the millions of GBP - though not reflecting the massive investment put in by Deltic shareholders and reflecting the discovery!!!

I suppose Shell are also playing hardball and doing Deltic Energy dirty!!!

As otherwise would have bought out Deltic share at a fair value rather than squeezing Deltic - BIG BAD SHELL!!!

Squeezing PIs and a UK E&P Minnow!!!!

Deltic CEO didn't impress me in his interviews and I should have sold on that basis!!!

:(

[duckdown] 30/4/2024 07:51

Conservatives and Labour doing untold damage to our country.

It’s a disgrace. We are sleepwalking into an energy disaster.

[banksy] 30/4/2024 07:48

Why can't Delt raise the £15 million I a placing using primary bid or similar. Surely there would be enough retail demand to sort

[ashkv] 30/4/2024 07:47

Selene Farm-out worth USD$49 Million to Deltic, Plus GBP 5.6mn Cash YE 2023!!!

Also probability for Pensacola from 90% now down to 10% - but it is still not a write-off!!!

"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."

[ashkv] 30/4/2024 07:43

Traitors in the UK Parliament...

[sawney] 30/4/2024 07:38

Although only a very small cog in the North Sea wheel...this pretty much ends exploration in UK waters...so much for energy security...how anyone can vote for any of the Net zero nonsense morons in the HoC is beyond me...

"Resistance is futile"

"You will have nothing, but you will be happy"...

We deserve everything we vote for...

[ashkv] 30/4/2024 07:35

Imho - it is a set-up for the full scale sale of Deltic!!!

With tax losses et al!!!

[barnes4] 30/4/2024 07:31

Oh dear
Well at least it might keep the snouts out of the trough for a bit 🚩🚩🚩🚩

[dunderheed] 30/4/2024 07:27

A pretty depressing read in all honesty.

[ashkv] 30/4/2024 07:27

Wow - one would have thought with the tax benefits / the Penascola well would be largely written off versus taxes so would incentivize in securing a partner.

Are Deltic Energy hoping for a Hail Mary from the political parties with this RNS?

[barnes4] 30/4/2024 07:23

Keep the red flag flying high cos Delta will one day die 🚩 🚩🚩🚩

[nigelpm] 30/4/2024 07:18

I did flag this very recently but still held some on the assumption there'd be interested parties.

[ohisay] 30/4/2024 07:16

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).

What madness our political masters display .
Luckily I reduced after the results but this is a sad day.

[therealdeal25] 25/4/2024 18:52

Soldier boy small amount of oil we are seeking Gas not oil, we have always been focused on Gas

[jakes114] 17/4/2024 20:31

Worth a read

[soilderboy] 17/4/2024 20:12

Yes . I am in substantially. It is both. Read the reports!.

[ashleyjv] 17/4/2024 17:08

Their target is Gas but there is oil there too

[therealdeal25] 17/4/2024 15:37

Soldier boy you in Deltic? Mmmmm it’s Gas not oil mate!

[peterlowen] 17/4/2024 14:41

Date Broker Recommendation New Target Rating Type
17-Apr-24 Canaccord Genuity Speculative Buy - 160.00 Reiteration