Deltic Energy Share Discussion Threads

[sawney] 08/11/2024 07:36

Someone please tell me Selene is at least worth more than the market cap...:-(

[pipersand] 07/11/2024 17:26

A merger with a cash generating Oil and Gas Producer seems the only option with this company now, or sell to the highest bidder. That way management costs can be reduced accordingly. Their whole business model is a failed one, and they need to be honest about it. The directors cannot expect to sit around all day taking a salary without providing any value to shareholders. It would be interesting to know what Michael Spencer thinks of all this. Is he happy to carry on with this company continuing on in this fashion?

[forethought] 07/11/2024 12:35

Just done a quote. Can buy cheaper than selling it at the moment lol.

[eddieraver1] 07/11/2024 11:09

This one looks like a dead end.

[kim_clay] 07/11/2024 11:02

Reba- No income, not much cash and a need to fund or sell Selene.Expanding into US and/or Africa as mentioned in Upstream today, cannot be done without cash or by issuing shares to third parties (or a fundraise).They need to consider a merger or two both to cut overall management costs but to broaden the portfolio. Any two other listed merger candidates you can think of with assets in the US and or Africa, with a useful UK revenue stream?? It'll only require one management team and Board rather than three at 1mm+ GBP each.

[ohisay] 07/11/2024 10:02

Just bought 50k at 5.14p.

Very surprised I could get that .

[reba] 05/11/2024 15:47

hell of a spread on the share price WHY?

[oilretire] 05/11/2024 11:02

Again, nothing new to those already here, but a decent summary none the less and a bit of exposure beyond these boards.....htTps://www.thisismoney.co.uk/money/markets/article-14038625/SMALL-CAP-IDEA-Deltic-Energy-gas-discovery-marred-windfall-tax-hike.html

[steelwatch] 04/11/2024 16:28

The 2 tugs mentioned earlier are now being joined by big brother with an adequate bollard pull. See revised post #840.

[soilderboy] 04/11/2024 08:12

Well , that's what most AIM companies are about. Be nice to have a directorship with one near a golf course.

[barnes4] 03/11/2024 20:27

Also ran for years with 3 directors drawing huge salaries in a company that has never made any money

= Lifestyle

[barnes4] 03/11/2024 20:13

In delta we no longer trust

Largest NS find in decades in Pensacola this outfit didn’t only end up giving away the license for nothing but then ended up paying the bloody drilling costs

You really couldn’t make up this level of incompetence

[cat33] 03/11/2024 17:50

Weekend DELT write up from Jim https://oilman.beehiiv.com/p/oilman-jim-s-letter-november-3-2024Worth reading

[soilderboy] 02/11/2024 10:43

Does anyone know why this has dropped 14 percent.There are 85% buys to sells.I can't work this out.

[barnes4] 02/11/2024 09:53

Not many outfits crash like delta when they strike the pay zone

In delta we no longer trust

[forethought] 01/11/2024 14:29

Shaking the tree. Impatient leaving, capitulating. I fancy we'll hear this month further detail on the geology analysis of the drill and plans moving forward.

[barnes4] 01/11/2024 13:58

Bri where are you?
Have you sold out?

[barnes4] 01/11/2024 08:28

Old bri you will learn 😂😂

[cashandcard] 31/10/2024 15:59

Ohisay,Fair comment. I still hold, its a tragedy - delivered 2/2 discoveries. Good explorers but rubbish on the corporate/shareholder value side of things. I still can't believe in all that time they could not get the funding together for Pensacola appraisal thus forfeighting their interest and picking up residual costs (ouch).At this price, with most of matketvalue decimated over the last 12months, similar to SEA, all it will take is confirmation of exit from NS and new assets abroad to bring some life back to this.Let's be honest, any UK oil co that wants a future, needs to get out of the UKCS. Makes no sense to invest here anymore. Better returns elsewhere.Cash

[bri15] 31/10/2024 15:58

Ask up to 6.90 now, investors know a bargain when they see one.

[jon389] 31/10/2024 14:27

crazy valuation for what we have even though the north sea is not the best fiscal environment

[ohisay] 31/10/2024 14:22

I can't agree with that Cash.
We are both in Seascape which for a small company has some fantastic expertise and still materially underappreciated prospects .

But these guys are nowhere near.
15 years ago maybe ..not now .
Not for small oil cos with no special sauce.