Share Name Share Symbol Market Type Share ISIN Share Description
Deltic Energy Plc LSE:DELT London Ordinary Share GB00B6SYKF01 ORD 0.5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 2.00 2,052,227 12:25:47
Bid Price Offer Price High Price Low Price Open Price
1.95 2.05 2.00 1.925 2.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -2.36 -0.24 28
Last Trade Time Trade Type Trade Size Trade Price Currency
14:20:27 O 40,000 1.975 GBX

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Date Time Title Posts
29/11/202112:18Have we been DELT an ace with super major SHELL OIL?!?!?1,415
14/10/202111:46Deltic Energy PLC1

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Deltic Energy Daily Update: Deltic Energy Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker DELT. The last closing price for Deltic Energy was 2p.
Deltic Energy Plc has a 4 week average price of 1.93p and a 12 week average price of 1.93p.
The 1 year high share price is 2.70p while the 1 year low share price is currently 1.25p.
There are currently 1,405,964,855 shares in issue and the average daily traded volume is 702,947 shares. The market capitalisation of Deltic Energy Plc is £28,119,297.10.
anley: Mr Chairman.......could you please give us your take as to what impact your story will have on Deltic? Ambrose Evens-Pritchard is one of the best news paper commentators but he has a habit of "slightly" changing his mind from time to time. As Deltic is going to be a gas producer with Shell and Cairn Energy the question is one of increasing production. Gas is needed to help make fertiliser where there is now a critical shortage all over Europe. My next door farmer has seen the price raise from under £400 to £800 per ton in the last few months and this is the stuff which will be going on to the land in 2022. So all farmers will have to absorb large increases and eventually food inflation will go up yet again. There is another sting in the tail for those that want to wind down fossil fuels as production of fertilizers does not cut carbon emissions so Boris has to decide - no food production = starvation and I really do not think that this is a wise choice for any government. And so the debate will go on..........and eventually Deltic will prosper.
the chairman elect: Mount Teide6 Nov '21 - 09:10 - 69 of 70 Long stock market history has shown its rarely a poor choice to front run the smart money (Vulture Hedge Funds). With the continuing rush into expensive and unreliable renewable energy while turning the O&G industry into pariah's, there's probably never been a better time during the last 70 years to invest in producing oil and gas companies. This is a golden opportunity. Some much needed insight today from the Telegraph on the rapidly developing global energy crisis. Suspect it's going to take years of increasing voter pain of rampant inflation, rocketing energy costs, winter blackouts and empty shelves before politicians are finally brought to their senses. We'll all pay for turning Big Oil into a pariah - Telegraph 'The irony could scarcely have been greater. There he was on the world stage at the Cop26 climate change summit in Glasgow lecturing China and others on their tardiness in consigning fossil fuels to the dustbin of history. But in almost the same breath, President Joe Biden was urging Saudi Arabia and other Opec members to increase their production of oil and gas so as to lower energy prices and reduce the pressure on inflation. You cannot have it both ways, yet as it turns out, Biden is as much a cake and eat it man as Boris Johnson. If nothing else, the apparent contradiction in aims highlights a basic truth about “Big Oil”; like it or not, the world remains overwhelmingly dependent on hydrocarbons for its energy needs; however fast we invest in alternatives, that’s not going to change for some time to come. Both of Britain’s oil majors, BP and Shell, have ambitious plans to transform themselves into clean energy enterprises, yet to the fury of Extinction Rebellion activists, the bulk of their investment is still heavily focused on oil and gas. As it is, they are arguably not investing nearly enough in hydrocarbons. Since the start of the pandemic, ongoing global investment in energy has fallen by around a third. According to some estimates, it is running at approximately half the level needed to power a world economy that is firing on all cylinders. The deficiency is at its most acute in hydrocarbons, where the proselytising pressures for divestment have become almost irresistible. Nor has investment rebounded in the way it normally would in response to higher prices. With their climate change agendas, governments are perilously close to imposing a hugely costly energy crisis on themselves. Investment in alternatives is still nowhere near the critical mass needed to fill the growing gap being left by old and dependable energy sources. “If you take away supply, but demand does not change”, Bernard Looney, chief executive of BP, said this week in response to calls to halt further North Sea drilling, “all that happens is that prices go up”. By curtailing emissions within the UK, we merely export them to places that are less choosy, notably China, whose economies benefit at our expense. It’s a high price to pay for virtue. Today’s surge in oil and gas prices would historically have been mirrored in the share prices of the oil majors. The fact that it largely hasn’t been is not primarily about an industry in terminal decline. There is plenty of money to be made from time-limited runoff, as the growing brigade of “vulture funds” and activist investors stepping in where mainstream investment institutions increasingly fear to tread, readily appreciate. Rather it is that the likes of BP and Shell have become pariah companies, and are shunned accordingly in much the same way as the tobacco giants were 20 years ago; once a core holding for any pension or investment fund, few mainstream money managers any longer want anything to do with them. As with tobacco, their place is increasingly taken by the less squeamish at rock bottom prices. But despite the superficial parallel, there is a key difference. Tobacco is an indulgence, and serves no useful social purpose. However much we might wish it otherwise, oil and gas will long remain our primary source of life enhancing energy. And yet the industry is being driven underground by politicians and regulators too cowed to stand up to the hysteria of the climate change activists. The enemy within is almost as bad as the holier than thou pressures from without; oil company boards, together with those of their bankers, are these days stacked with well meaning do-gooders more focused on bowing to the campaigners than the demands of shareholder value. The history of companies that attempt to jump from one horse to another is not good. Nearly always, value ends up destroyed. Virtually all past attempts by BP at “green investment” have failed. Managements should stick to what they know, however unfashionable it might have become. Vulture funds trying to force Shell’s directors to divest itself of its renewables arm, and refocus on the old endeavour of cash generative hydrocarbons, have got a point. The collective judgement of millions of investors on where to put the money generated by oil industry runoff is likely to be a good deal better than that of those clambering aboard a politically directed bandwagon. Rishi Sunak, the Chancellor, dreams of making the City of London the green finance capital of the world, threatening to delist companies that don’t comply with net zero targets. I imagine that this will have the very opposite effect to the one intended. Rather than acting as a magnet, it threatens a mass exodus of companies to less demanding jurisdictions, or into the hands of secretive private equity. Boris Johnson believes the green transition offers the chance of economic rebirth. I hope he is right. Just as likely it marks another staging post in self inflicted Western decline. You go first, says China, hoovering up the world’s productive capacity as it goes.'
reba: Think everyone is a little stressed and impatient, as we all are waiting for goods news. The problem is when it comes the share price goes down, this increases our stress and we start latching onto fellow investors to blame. Chill out friends we are all in the same boat, so don't rock it. We know that the rig is available and scheduled to start drilling next May, hopefully earlier, but that could also depend on the weather, so take advantage of the low price of these shares and build a substantial quantity when you have the funds available. Even if there is a take over it has got to be higher than the current share price so the more you have the more profit. A win win situation as far as I see it Good luck to all of us. Sit back and enjoy the ride and future profits
therealdeal25: I am still hoping Kistos is going to take us out with an all share offer, 10% of their share price would do me, even 20% of their share price will do, what do they get for that? 10 million quid, get to go to the party with Shell & Cairn Energy, they have 70% of shell costs covered, and 60% of cairns costs covered, they get a company with zero debt, what’s not to like ? Let’s see if I’m right,
therealdeal25: Ha ha that was funny, not sure you can match that scenario to an oil and gas explorer, the thing is Gas is in huge demand, I suppose it’s like a gambler at a casino if you want to use that sort of example, It’s a bit like shall I buy Deltic or will it drop back! Explain why Sound Energy went to £1.01p and is now back at 1.45p ? This isn’t about logic, it’s about potential, and this is what moves a share price, if it was all to do with logic we would all be able to predict a share price, look at Kistos, who would of predicted that? This will do whatever the markets let it do, we are not in control, and trust me, this has a long way to go yet price wise, good luck,
anley: In the meantime Mr Sneller increases his holding in Longboat Energy from 4 to 5.1%. I have not run a calculator but that is a £4m investment in the two companies. More on the valuation........... The Deltic share price, in my view, is at a discount of 60% compared with a ‘sensible̵7; (in my view) price. If we ignore Dewar altogether and take the values as outlined in the Allenby paper – and average the GOCS across the portfolio then you end up at 10.8 p a share or thereabouts. If you then halve that – which take the GOCS down to just 20% in round figures) you get a price of 5.4p. And that allows for 4 out of every 5 wells to be dry. Hence, even a pretty conservative punter, would think that there’s reasonable upside on that price with anything from Dewar and anything better than a 1 in 5 strike rate..... What comment from others?
the chairman elect: Deltic Energy Plc / Index: AIM / Epic: DELT / Sector: Natural Resources Deltic Energy Plc ("Deltic" or 'the Company') Licence P2252 - Completion of Site Survey Deltic Energy Plc, the AIM quoted natural resources investing company with a high impact, natural gas focussed exploration and appraisal portfolio in the Southern North Sea, is pleased to announce that the Company and its Operating Partner, Shell U.K. Limited ("Shell"), have completed the geophysical site survey over the planned Pensacola exploration well location on Licence P2252 in the Southern North Sea. The survey, conducted by Fugro GB North Marine Limited, was completed on time and without incident. Data collection commenced on 8 September and was completed on 14 September with demobilisation commencing shortly thereafter. The results of this initial phase of the survey will be interpreted and, if required, a second geotechnical phase incorporating the collection of samples from the seabed will be undertaken before the end of the year. Graham Swindells, Chief Executive of Deltic Energy, commented: "The completion of the site survey on Pensacola is a key part of the well planning process and represents another important milestone as the Deltic-Shell JV continues the preparatory works in advance of drilling. We look forward to progressing through the planning phase as we get closer to drilling this high impact prospect."
anley: You do seem frustrated but yet you want to stay in because you think that an offer may undervalue the business. Let me assure you that there are sufficient shareholders to block any silly offers especially from the two who tried last year....Reabold and IOG. Besides why would anyone want to bid until we have a few drill results - first Shell with 2 in 2022 and who knows what Cairn will be doing as well. Peel Hunt have come out with a BUY on IOG. Here is a company which has a M/Cap of £100m+ at 22p and with a projected price of 40p. The 40p is based on commercial gas flowing in Q4 this year. DELT has a £29m M/Cap with all its GAS licences on "farm-out" so there is a case that the DELT price is too low but if a so called institution wanted in then it has to ask a big question - how do I find the stock? I sit here waiting for the 2p offer and my broker has not called me for weeks. The market will wake up when it realises that GAS is the fossil fuel for the next few decades. Both Shell and now Cairn are endorsing this stance. There are just 65 days to go before the COP26 conference and take it from me that the agenda has been agreed as well as the PR put in place. NO GAS = No Net Zero...and GAS is for development as far as the North Sea is concerned.
limited access: I’ll have to look back but I think one of the big sells by Lombard was on the 9th , before the ‘leak’. A1M could be right, but more likely an attempt to keep the lid on DELT share price before the offer . Well start to find out soon enough
a1m1investor: At the risk of getting this thrown back in my face, just be careful that this isn;t being manipulated here to allow Lombard to exit. Lombard appear to own around 25% of IOG so it's a big coincidence that IOG put out the potential offer announcement and Lombard were ready and waiting to start selling into the raise. IF Lombard are selling out then it's pretty convenient that a Co they own 25% off helped get the DELT share price up so they could start selling. Obviously this is just pure speculation so take it as you please, just be aware of what MIGHT be happening here and use it to your advantage if you can. Genuinely don't want to see any retail punters lose money. The share price action all week is a big red flag imo, but what do i know. Not looking to get into any arguments here, just my thoughts on it. Be careful and use to your advantage if you can.
Deltic Energy share price data is direct from the London Stock Exchange
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