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DELT Deltic Energy Plc

12.00
0.40 (3.45%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Deltic Energy Plc LSE:DELT London Ordinary Share GB00BNTY2N01 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.40 3.45% 12.00 99,090 08:00:27
Bid Price Offer Price High Price Low Price Open Price
11.50 12.50 12.00 12.00 12.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Coal,oth Minerals,ores-whsl -2.96M -0.0318 -3.77 10.8M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:39:03 O 101 11.62 GBX

Deltic Energy (DELT) Latest News

Deltic Energy (DELT) Discussions and Chat

Deltic Energy Forums and Chat

Date Time Title Posts
23/7/202417:37Deltic Energy - Low risk / High Impact Exploration711
23/7/202408:05Have we been DELT an ace with super major SHELL OIL?!?!?5,273
18/10/202213:19Deltic Energy PLC19

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Deltic Energy (DELT) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 14:39:0511.6210111.74O
2024-07-26 13:41:0211.6217,7932,067.55O
2024-07-26 12:09:2711.62263.02O
2024-07-26 11:54:3311.6210,0001,162.00O
2024-07-26 11:04:3311.506,000690.00O

Deltic Energy (DELT) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 by Deltic Energy Daily Update
Deltic Energy Plc is listed in the Coal,oth Minerals,ores-whsl sector of the London Stock Exchange with ticker DELT. The last closing price for Deltic Energy was 11.60p.
Deltic Energy currently has 93,096,600 shares in issue. The market capitalisation of Deltic Energy is £11,171,592.
Deltic Energy has a price to earnings ratio (PE ratio) of -3.77.
This morning DELT shares opened at 12p
Posted at 23/7/2024 08:03 by apotheki
Deltic Energy Plc / Index: AIM / Epic: DELT / Sector: Natural Resources

Selene Drilling Operations - Rig Mobilisation

Deltic Energy Plc, the AIM quoted natural resources investing company with a high impact exploration and appraisal portfolio focused on the Southern and Central North Sea, is pleased to announce that the Valaris 123 drilling unit has been mobilised and is on route to the Selene well location.

Shell UK Ltd ("Shell"), in its role as Operator of Licence P2437, has informed Deltic that the Valaris 123 drilling unit was mobilised on 21 July from its current location in the Central North Sea, and is anticipated to arrive at the Selene well location in the Southern North Sea shortly, depending on weather conditions encountered during transit. Drilling operations are expected to commence shortly thereafter, with planned operations lasting approximately 90 days. The Company will make a further announcement once drilling has commenced.

The well is designed to collect all key information in relation to reservoir quality and gas composition that is required to support, assuming a successful drilling outcome, a field development plan and final investment decision on the potential development of the Selene gas field without the requirement for a further appraisal well. The Joint Venture has therefore determined there is no requirement for a full well test as part of that process and, in line with normal oilfield practice, the well will accordingly be plugged and abandoned on completion.

Deltic estimates the Selene structure to contain gross P50 prospective resources of 318 BCF (P90-P10 Range of 132-581 BCF with GCoS of 69%) in the Leman Sandstone reservoir, which is the key reservoir interval in all adjacent gas fields including Barque, Clipper and West Sole.

Following farm-outs to Shell in 2019 and Dana Petroleum (E&P) Limited ("Dana") in February 2024, Deltic is fully carried for its 25% working interest in the Selene well up to a gross success case well cost of USD$49M, which is in excess of the Operator's success case well Authorisation for Expenditure of USD$47M.
Posted at 11/6/2024 08:47 by ashkv
At this price Deltic is compelling as a Selene success case. Share price should go up to 30-40p on success with 1-2p in a downside scenario!!!

70% Probability Selene * NPV10 $150m (Deltic Working Interest) = US$105mn

Success at Selene would result in an NPV10 valuation of c. USD$150M net to Deltic2

2 Average of broker research
Posted at 14/5/2024 00:00 by david851
Last year Capricorn Energy backed out of the Joint Venture with Deltic after spending $10m on technical work, which resulted in Deltic losing four Licences, P2560, P2561, P2562, P2567

Prior to this the BOD and forum users advocated the huge potential and success of a partner. Yet nothing manifested, in fact it was worse than nothing, as investors paid the BODS salaries via placings.

Quote from Deltic RNS July 2023
"once Deltic has been re-appointed as Administrator of these licenses, Deltic intends to request an extension of the current licence terms from the North Sea Transition Authority ("NSTA")."

Despite the Directors of Deltic making optimistic statements, the NSTA ruled against extending, and the licenses were lost... All those years of Optimistic forums posts and investment...

We are now in a even worse position with Pensacola, as we don't even have a farm-out partner to lose, and only 17 days left to secure one.

A note to retail investors - When you stupidly throw money at the company to fund Placings and the rest of it, all you are doing is paying the BODS salaries, regardless if they do any good work.

Stop ramping this trashy share.
Posted at 30/4/2024 07:53 by ashkv
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!!!

:(
Posted at 17/4/2024 07:40 by apotheki
Deltic Energy Plc / Index: AIM / Epic: DELT / Sector: Natural Resources

Final Results

Deltic Energy Plc ("Deltic" or the "Company"), the AIM-quoted natural resources investing company with a high impact exploration and appraisal portfolio focused on the Southern North Sea ("SNS") is pleased to announce its audited results for the year ended 31 December 2023 ("FY 2023") and that it has released an updated corporate presentation. The corporate presentation is available on the homepage at the Company's website: www.delticenergy.com.

Highlights

· Drilling of Pensacola prospect resulted in the largest discovery in the Southern North Sea in the last decade, at the upper end of our pre-drill estimates
· RPS Energy Ltd ("RPS") independently assessed Pensacola on the basis of a combined gas and oil case, estimating a gross 2C contingent resource of 72.6 mmboe (21.8 mmboe net to Deltic) and in the gas only case gross 2C contingent resource of 50 mmboe (15 mmboe net to Deltic)
· RPS also estimated a Post tax NPV10 in the combined case of $683m (gross) or $205m net to Deltic and $663m (gross) in the gas only case or $199m net to Deltic
· Planning has progressed for a well to be drilled with Shell over the Selene gas prospect followed by an appraisal well for Pensacola in the second half of 2024
· Rig contract signed and structured such that both Selene and Pensacola will be drilled back to back using the Valaris 123, a heavy duty jack-up rig, expected to commence July 2024
· Success in 33rd UK Licensing Round
· Cash position of £5.6 million at 31 December 2023 (2022: £20.4 million) with no debt
· Net cash outflow for the year of £14.8 million (2022: inflow £10.3 million) mainly for funding Pensacola exploration drilling and other exploration investments
· Completed a farmout of the Selene prospect to Dana Petroleum post-period end with Deltic fully carried for the estimated cost of the success case well

Graham Swindells, Chief Executive of Deltic Energy, commented:

"2023 was a transformational year for Deltic following the Pensacola discovery in the Southern North Sea in February. As one of the area's biggest discoveries in the past ten years, this was a fantastic result for the Company and is testament to the hard work carried out in the years leading up to this point. We continue to prepare for an appraisal well on Pensacola in Q4 this year, which I believe will take us a step closer towards commerciality. During 2023 we also continued to progress our equally significant Selene exploration prospect, culminating in an excellent farmout in early 2024. We are now in the enviable position of drilling two consecutive wells in the second half of the year, with two world class partners in Shell and Dana."

"I am delighted with the progress that Deltic made in 2023 and firmly believe we can continue on this trajectory throughout 2024. The UK needs to bolster its security of energy supply more than ever and I believe that Deltic will play a key role in this."
Posted at 26/2/2024 08:35 by apotheki
Must say that I am loving the chart here at DELT - the DELT share price looks poised [like a coiled spring] to go higher much higher!
Posted at 15/2/2024 09:36 by ohisay
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.
Posted at 07/2/2024 15:50 by apotheki
Canaccord Genuity lowers target price on Deltic Energy

(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on exploration and development firm Deltic Energy from 185.0p to 160.0p on Wednesday following the recent farm-out of 25% of UK licence P2437.

Deltic announced the farm-out to Dana Petroleum of a quarter of P2437, which contains the Selene exploration target scheduled to be drilled in Q3 24.

Canaccord Genuity sees the transaction as "an excellent result" for Deltic as it retains a significant 25% interest in Selene while now being effectively fully carried for the upcoming well costs.

"As a result, Deltic will have farmed out separately to two high-quality partners, first Shell and now Dana, a total of 75% of its original 100% interest in Selene. The outcome is that Deltic is now fully carried for its 25% share of the Shell estimated success case well cost of gross $47.0m (drilling and testing). Deltic expects this transaction to complete in the near future,"" said Canaccord, which reiterated its 'speculative buy' rating on the stock.

The Canadian bank added that "much more important" than its mechanical target price change was the presence of "two excellent partners", noting that Deltic has effectively fully carried Selene well participation, and the company's "still significant 25% ownership", which provides "meaningful upside" in the success case and room for a further farm-down or outright sale in the future.
Posted at 05/2/2024 07:33 by therealdeal25
RNS guys we are off

RNS Number : 9458B
Deltic Energy PLC
05 February 2024



Deltic Energy Plc / Index: AIM / Epic: DELT / Sector: Natural Resources



5 February 2024



Deltic Energy Plc ("Deltic" or "the Company")

Licence P2437 (Selene) & P2252 (Pensacola) - Confirmation of Rig Contract



Deltic Energy Plc, the AIM-quoted natural resources investing company with a high impact exploration and appraisal portfolio focused on the Southern North Sea is pleased to announce that Shell UK Ltd ("Shell"), the Operator of Licences P2437 and P2252, has confirmed that a rig contract has been signed with Valaris for the drilling of both the Selene exploration well and the Pensacola appraisal well.



The two wells will be drilled using the Valaris 123, a heavy duty jack-up rig, with Selene and Pensacola being drilled as a two well sequence, with the contract and mobilisation commencing in the June-July 2024 period.



With Selene and Pensacola being drilled sequentially, this creates the potential for operational efficiencies associated with being part of an extended programme of wells.



Confirmation of the rig contract is a significant step forward for Deltic and a key milestone in the preparatory work required to support the exploration well on the Selene gas prospect and the appraisal well on Pensacola, following last year's discovery.



Following on from the operational update provided towards the end of last year, the geophysical site survey on Pensacola has now received permitting approval. Mobilisation to the site has taken place and the survey is expected to last for approximately one month.
Posted at 19/1/2024 07:32 by ashkv
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."
Deltic Energy share price data is direct from the London Stock Exchange

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