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Deltic Energy Plc (DELT)
Deltic Energy Plc (DELT) Share Price

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
	0.75	3.0%	25.75	16,636	08:00:00

Bid Price		Offer Price	High Price	Low Price	Open Price
25.00		26.50	25.75	25.00	25.75

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Coal,oth Minerals,ores-whsl	0.00	-2.99	-	-	479.45

Last Trade Time	Trade Type	Trade Size	Trade Price	Currency
15:48:38	O	83	25.015	GBX

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Bp (BP.), Harbour Energy (HBR), Curzon Energy (CZN), Echo Energy (ECHO)

Deltic Energy (DELT) Latest News

Deltic Energy News

Date	Time	Source	Headline
31/5/2023	17:00	UKREG	Deltic Energy PLC Total Voting Rights
24/5/2023	14:03	UKREG	Deltic Energy PLC Result of AGM and update on share consolidation
05/5/2023	07:00	UKREG	Deltic Energy PLC PDMR/Director Dealings
27/4/2023	07:00	UKREG	Deltic Energy PLC Posting of Annual Report & Notice of AGM
20/4/2023	17:08	ALNC	IN BRIEF: Deltic Energy pretax loss widens, cash position improves
20/4/2023	07:00	UKREG	Deltic Energy PLC Final Results
08/3/2023	07:05	UKREG	Deltic Energy PLC Corporate Presentation and Investor Presentation
28/2/2023	11:05	UKREG	Deltic Energy PLC Second Price Monitoring Extn
28/2/2023	11:00	UKREG	Deltic Energy PLC Price Monitoring Extension
16/2/2023	07:00	UKREG	Deltic Energy PLC PDMR/Director Dealing

More Deltic Energy News

Deltic Energy Investors Deltic Energy Takeover Rumours

Deltic Energy (DELT) Discussions and Chat

Deltic Energy Forums and Chat

Date	Time	Title	Posts
05/6/2023	20:23	Have we been DELT an ace with super major SHELL OIL?!?!?	4,510
02/6/2023	07:33	Deltic Energy - Low risk / High Impact Exploration	421
18/10/2022	13:19	Deltic Energy PLC	19

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Deltic Energy (DELT) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
14:48:39	25.02	83	20.76	O
13:38:00	25.02	3,531	883.28	O
13:17:59	25.02	125	31.27	O
12:39:08	25.00	650	162.50	O
10:58:10	25.12	19	4.77	O

View all Deltic Energy trades in real-time

Deltic Energy (DELT) Top Chat Posts

Top Posts
Posted at 12/4/2023 08:24 by ashkv xnjr a clear troll - two appraisal wells? Where is that coming from his twisted imagination?? Shell have confirmed gas and it is a crime to report incorrect info on RNS's - has to be vetted by Nomad. Selene is now 75% Chance of Succcess and with 50% of the prospect DELT should be trading higher than where it is.... Penascola is a major gas find - and reservoir proven... I will believe management... Share price performance is not indicative of anything over the short term - all the major IIs including a financially astute UK based billionaire retain their stakes in Deltic. Volumes have been minimal and the broader UK AIM E&P space languishing at close to 52 week lows... markets reaction to JOG's farm-out says it all... 700p valuation from the farm-out but share price at 275p.... xxnjr 11 Apr '23 - 10:13 - 4326 of 4332 0 0 0 "Great article". Sorry but I'm not really convinced on Pensacola yet. Is it the largest recent find in SNS? Possibly. Did it prove up 300BCF? Doubt it, considering the share price has crashed since well result was announced. Surely it needs at least 1 very expensive horizontal appraisal well to prove up the 300BCF? Possibly 2 appraisal wells? DELT's views are irrelevant to some extent. We need to know what Shell(70%) think. Read Full Thread Follow Reply
Posted at 05/4/2023 07:56 by ashkv Crazy crazy markets... Eco Atlantic out with Full Year results on 27 Feb 23 - no discoveries NOTHING to back share up, no further drills planned in 2023 plus no drill visibility/guidance for even 2024 and Eco Atlantic at 20 p Share Price has a Market Cap of GBP 73 million and Enterprise Value approximately GBP 71-72 million. Moreover Eco Atlantic running out of cash with $19.6 million of Current Assets and $17.8 million of Current Liabilities per 27 Feb 23 RNS. DELT with a good cash buffer NET of liabilities of approximately $5-$6 million projected by year end 2023 is with a share price of 1.55p languishing with a Market Cap of GBP 29 million (Enterprise Value of approximately GBP 19-20 million post subtracting cash at hand) THIS ROCK BOTTOM VALUATION DESPITE discovering the largest gas find in the UK for about 10 years and with a drill ready prospect in Selene that has a CONSERVATIVE Chance of Success of 50% (Officially) - unofficial likely way higher... Surely given the tax incentives detailed in the 2022 Windfall Tax Regulation - it is a no brainer for a profitable UK E&P to farm-in on the Penascola Appraisal or Selene Drill in H1 2024!!! COME ON DELTIC MANAGEMENT!!! GET YOUR ACT TOGETHER!!! Read Full Thread Follow Reply
Posted at 04/4/2023 16:01 by ashkv Crazy crazy markets... Eco Atlantic out with Full Year results on 27 Feb 23 - no discoveries NOTHING to back share up, no further drills planned in 2023 plus no drill visibility/guidance for even 2024 and Eco Atlantic at 20 p Share Price has a Market Cap of GBP 73 million and Enterprise Value approximately GBP 71-72 million. Moreover Eco Atlantic running out of cash with $19.6 million of Current Assets and $17.8 million of Current Liabilities per 27 Feb 23 RNS. DELT with a good buffer NET of liabilities of approximately $5-$6 million projected by year end 2023 is with a share price of 1.55p languishing with a Market Cap of GBP 29 million (Enterprise Value of approximately GBP 19-20 million post subtracting cash at hand) THIS ROCK BOTTOM VALUATION DESPITE discovering the largest gas find in the UK for about 10 years and with a drill ready prospect in Selene that has a CONSERVATIVE Chance of Success of 50% (Officially) - unofficial likely way higher... Surely given the tax incentives detailed in the 2022 Windfall Tax Regulation - it is a no brainer for a profitable UK E&P to farm-in on the Penascola Appraisal or Selene Drill in H1 2024!!! COME ON DELTIC MANAGEMENT!!! GET YOUR ACT TOGETHER!!! Read Full Thread Follow Reply
Posted at 04/4/2023 15:58 by ashkv REPOST Allenby Report - Valuation This time we have made a DCF valuation for Deltic’s leading project, Pensacola, assuming full commercial development. The NPV of £124m (£1=US$1.22) for Deltic’s 30% interest translates into 6.7p/share and $10.0/boe. This compares with 4.4p/share (£1=US$1.32) and $7.0/boe used previously. Our NPV is based on 72p/therm and a discount rate of 8.0%. The latter was in line with the back-end of the forward curve in 2029 struck at late January 2023 status. Given that we are looking at gas projects on a success case basis in the same basin and of comparable scale, we have decided to apply the $10.0/boe valuation quotient to all four projects. When applied to Deltic’s share of the P50 prospective resources or P50 EUR the valuation for the four projects would be £872m or 46.8p/share. This reflects a significant upgrade of 47% from our previous valuation of £594m or 31.9p/share. The upgrade mainly reflects a change in methodology and a consequent uplift in the valuation/boe. It must be stressed that that the above valuation is based on a success case. Clearly, Pensacola has now been de-risked from a geological perspective but project execution risk remains in terms of timing and cost while the forward curve might not prove valid for a DCF calculation in retrospect. The three other projects, although highly prospective, have yet to be drilled and are therefore high-risk compared with Pensacola. Nevertheless, even if we were to discount the valuation quotient from $10/boe to $4/boe for the three earlier stage projects the overall valuation would still be £42 REPOST From the Allenby Report -> The road ahead: Well 41/05a-2 will now be plugged and abandoned as planned. The Pensacola project is likely to advance to the appraisal stage with appraisal drilling possible in 2024. We think a FEED (Front End Engineering Design) feasibility study is a possibility in 2025 with the development of the field and a gas export route following in 2026. In our view, the earliest that Pensacola could commence commercial production would be 2027. Deltic has indicated that, together with Shell, it is undertaking preparations for a Selene (WI 50%) exploration well in the Leman sandstone fairway of the SNS Basin in 2024. (Phoeix Oil - WITH A 50% CHANCE OF SUCCESS - Makes sense for Deltic to Farm-Out a portion of Deltic's 50% interest and have a free carry on the well!!!) Read Full Thread Follow Reply
Posted at 16/3/2023 12:06 by ashkv From the other forum - views on the 16 Mar 23 - Investor Meet Company presentation... AWBA Price: 2.10 Buy Good presentationToday 10:54 No funding needed which was my only concern. I do like to buy the bottom and with a raise at 3.5p only a few months ago I'm happy to buy here. Lots to come it seems DrPatience Price: 2.10 Strong Buy ValuationToday 10:52 DELT CEO: DELT share significantly undervalued, looking to explain value more openly going forward, in particular Pensacola. DrPatience Price: 2.10 Strong Buy Windfall taxes etcToday 10:48 DELT CFO: EPL is an opportunity for DELT DrPatience Price: 2.10 Strong Buy DELT fund raiseToday 10:44 DELT CFO: fully funded this year and no fund raises currently planned/anticipated given the various monetisation options in play. DrPatience Price: 2.10 Strong Buy PensacolaToday 10:38 DELT CEO: Pensacola so far exceeded all expectations! Worth hanging on to this share to really understand the post drill analysis and monetisation plans, in my view! Read Full Thread Follow Reply
Posted at 08/3/2023 07:17 by ashkv News of farm-out to coincide with meeting? Https://www.londonstockexchange.com/news-article/DELT/corporate-presentation-and-invest Deltic Energy Plc / Index: AIM / Epic: DELT / Sector: Natural Resources 8 March 2023 Deltic Energy Plc ("Deltic" or "the Company") Corporate Presentation and Investor Presentation 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 it has released a new corporate presentation. This presentation reflects recent developments, with particular focus on the significant gas and oil discovery at Pensacola on Licence P2252 in the Southern North Sea. The corporate presentation is available on the homepage at the Company's website: www.delticenergy.com. A webcast for retail investors will be held on Thursday, 16 March 2023 at 10.00 a.m. The presentation will be hosted on the Investor Meet Company platform. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9.00 a.m. on Wednesday 15 March or at any time during the live presentation. A recording will be made available on the Investor Meet Company platform after the presentation. Investors can sign-up for free and add to meet Deltic via: Https://www.investormeetcompany.com/deltic-energy-plc/register-investor or-presentation/15865821 Read Full Thread Follow Reply
Posted at 24/2/2023 07:11 by ashkv Share is being manipulated - and a predator will snap Delta up. 3.5p placing in October 2022 prior to any gas find... and share price nearly half the same on the development of the biggest UK gas discovery in over 10 years.... Unbelievable!!! Can't make this up!!! Why would Shell convey that evaluating development options if non-commercial??? Delta has enough cash till end year (and more), as zero debt - moreover to fund Selene Delta could (and should) very well farm-out their share of the drill costs given DELT have 50% of the license and the Chance of Success on a conservative basis is 50%!!! Plus drill costs can be effectively written off for a profitable UK E&P firm - SQZ, ENQ etc etc Absolutely unbelievable share price drop - on small volumes... The UK market is crooked/rigged - for example Wood Group a billion plus market cap firm was taken down to 100p in Oct/Nov 2022 in the face of multiple positive developments - only to jump back to 200p yesterday and to have rejected an offer of 230p from Private Equity Shark - Apollo Global as it undervalues Wood Group... Madness.... Most of the UK E&P firms trading at the lowest levels of Enterprise Value / Flowing BofOE for the past years - even those that have production outside the UK and haven't fallen victim to the onerous and insane windfall/hara kiri tax by this Tory in only name Muppet third class government.... Read Full Thread Follow Reply
Posted at 23/2/2023 06:58 by ashkv A personal investment which I believe is analogous to Deltic Energy - and the current disconnect in the share price of Deltic Energy vis-a-vis fundamental value. "Wood Group announced post trading hours on 22 Feb 23 that it has rejected a buyout offer from Private Equity firm Apollo at 230p. The latest rebuff was in addition to having rejected two prior offers as all three undervalue Wood Group." The news flow since Oct 2022 when Wood Group hit a multi-year low of 102p to the present day has not been game changing in any way.... And the share price should now more than double in 4 months... Wood Group is hopefully similar to Deltic Energy as it was being manipulated / under a devious/evil short attack - however, value was obvious / compelling!!! Wood Group 52 Week Low 102.05 52 Week Low Date 13-Oct-2022 https://www.londonstockexchange.com/news-article/WG./response-to-speculation/15848153 Read Full Thread Follow Reply
Posted at 16/2/2023 07:37 by ashkv Deltic Director has picked up a million shares - nice little Director Buy. CEO already owns close to 9% of shares and for me a big positive is that sophisticated investor / investing billionaire Michael Spencer owns 20% through his family office. RNS Number : 0732Q Deltic Energy PLC 16 February 2023 Deltic Energy Plc / Index: AIM / Epic: DELT / Sector: Natural Resources 16 February 2023 Deltic Energy Plc ("Deltic" or "the Company") PDMR/Director Dealing 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, announces that it was notified on 15 February 2023 that Peter Nicol, a Non-Executive Director of the Company, purchased 1,000,000 ordinary shares of 0.5 p each ("Ordinary Shares") on 15 February 2023 at a price of 2.6 p per Ordinary Share. Peter Nicol is now beneficially interested in a total of 2,000,000 Ordinary Shares, which represents approximately 0.11 per cent. of the voting rights in the Company. Read Full Thread Follow Reply
Posted at 08/2/2023 07:04 by moneymunch Deltic Energy Plc / Index: AIM / Epic: DELT / Sector: Natural Resources 8 February 2023 Deltic Energy Plc ("Deltic" or "the Company") Pensacola Gas Discovery 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 a significant gas and oil discovery at Pensacola on Licence P2252 in the Southern North Sea. Highlights · Pensacola could represent one of the largest natural gas discoveries in the Southern North Sea in over a decade. · Deltic pre-drill volumetrics for Pensacola confirmed by well - P50 Estimated Ultimate Recovery ('EUR') of 302 BCF. · Well opens a new Zechstein play in this mature basin. · Flow test results inline with Deltic's pre-test expectations based on the reservoir parameters derived from the well. Graham Swindells, Chief Executive of Deltic Energy, commented:- "Deltic's first exploration well at Pensacola has resulted in a highly positive outcome and, at approximately 300 BCF, would represent one of the largest natural gas discoveries in the Southern North Sea in over a decade. This discovery is a major milestone in the development of our Company as we continue to execute our exploration led strategy and progress our portfolio of high-quality drilling opportunities as we seek to create value for our shareholders. We believe that the Pensacola discovery will open a new Zechstein play in this mature basin and highlights the remaining potential of the North Sea as a source of further discoveries which can provide domestically produced natural gas, supporting UK energy security while we transition toward a Net Zero economy. As we continue our preparations for drilling the Selene well, we are now looking forward to working with our partners as we continue to progress this exciting and significant gas discovery at Pensacola, and look forward to updating the market on our future plans." Well 41/05a-2, operated by Shell UK Ltd ("Shell"), reached a total depth of 1,965 metres true vertical depth subsea ("TVDSS") and the presence of mobile gas and oil in the primary Zechstein Hauptdolomite carbonate target interval was confirmed via wireline logs. The well encountered the top Hauptdolomite reservoir at 1,745 metres TVDSS and confirmed a reservoir thickness of 18.8 metres with better than expected porosity averaging 16%. As planned, the well penetrated the edge of the Pensacola structure in a down dip location and has proven a substantial hydrocarbon column. Post acidization, the well flowed gas at peak rates of c. 4.75 mmscf/day declining to 1.75mmscf/day after the 12 hours of the test. These results are in-line with Deltic's pre-test expectations based on the reservoir parameters derived from the well. Being located down dip, the flow rates observed during the well test are not expected to be representative of flow rates of potential future production wells which would likely target the central part of the Pensacola structure and are expected to generate higher rates. Light oil with a preliminary gravity of 34-36° API was also produced at a rate of approximately 18 bbls/day during the well test. The potential of this oil with respect to the Pensacola opportunity is yet to be determined. Based on the data collected during drilling and testing, Deltic has updated its volumetric models and now estimates the Pensacola discovery to contain P50 EUR of 302 BCF (P90 to P10 Range = 164 to 519 BCF) which are fully aligned with Deltic's pre-drill guidance. Following completion of the well test programme, as planned and previously stated, the well will now be plugged and abandoned in line with the usual procedure for a well of this nature, and the Noble Resilient will be de-mobilised from site. The net cost to Deltic of drilling the Pensacola well is expected to be £11.1m reflecting certain additional operational requirements during drilling, weather conditions, additional testing costs, as well as market influences, including inflation and exchange rate movements. Deltic will now incorporate the findings from the well into its geological and commercial models and work with the Joint Venture on the forward appraisal and development plan. Following this discovery, in line with the Company's strategy, Deltic will consider all options in relation to its interest in Pensacola including appraisal and development as well as potential full or partial monetisation of value. Deltic remains committed to maximising shareholder value from the discovery and across its asset base. Deltic retains a 30% working interest in Licence P2252 alongside Shell (65%) and ONE-Dyas (5%). Read Full Thread Follow Reply

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