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
  -0.25 -8.77% 2.60 2,339,977 14:12:04
Bid Price Offer Price High Price Low Price Open Price
2.50 2.70 2.80 2.60 2.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -1.94 -0.14 37
Last Trade Time Trade Type Trade Size Trade Price Currency
17:06:34 O 100,000 2.60 GBX

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Date Time Title Posts
02/7/202203:58Have we been DELT an ace with super major SHELL OIL?!?!?2,028
07/6/202215:37Deltic Energy PLC11

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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 2.85p.
Deltic Energy Plc has a 4 week average price of 2.27p and a 12 week average price of 2.20p.
The 1 year high share price is 3.65p while the 1 year low share price is currently 1.50p.
There are currently 1,405,964,855 shares in issue and the average daily traded volume is 3,129,778 shares. The market capitalisation of Deltic Energy Plc is £36,555,086.23.
pipersand: Finally some news to be excited about. Not much of a share price reaction yet, be interesting to see what happens once the newspapers report on it. Seems way too cheap down here to me.
bountyhunter: Great news! "...Pensacola will be drilled using the Maersk Resilient, a high efficiency jack-up rig, which has been under contract to Shell since the start of June and is currently drilling a production well in the Southern North Sea. Use of the Maersk Resilient should bring significant operational efficiencies that are naturally associated with being part of an extended programme of wells. Drilling of Pensacola remains scheduled to commence in the second half of September with seabed operations for placing of the rig due to commence towards the end of July. Confirmation of the rig contract is a significant step forward for Deltic and a key milestone in the preparatory work required to support the drilling of this exciting prospect. Pensacola is a Zechstein Reef prospect located to the north west of the Breagh gas field in the Southern North Sea. Deltic estimates the prospect to contain gross P50 Prospective Resources of 309 BCF, with a 55% geological chance of success, which will rank Pensacola as one of the highest impact exploration targets to be drilled in the gas basin in recent years. The Pensacola well is also being highly anticipated by the industry for its potential to unlock a significant new source of gas to the UK from the Zechstein Reef play, which has been successfully produced in NW Europe from Poland to The Netherlands. It also has the potential to demonstrate that the UK still has a significant level of previously unrecognised exploration upside which can deliver cost competitive natural gas to UK based businesses and homes and support the UK's Net Zero targets. The Company remains funded for its 30% share of the Pensacola well costs..."
anley: There was a missing person this morning - Graham S who has Covid but was on-line via a screen. So what was new and what can one say...........? 1 Pensacola goes ahead and gravel pads are being installed so OILRETIRE - does that help? 2 Selene - Shell has to make a decision within the next few months otherwise the licence goes back to Deltic - not totally sure so readers - do your own homework. 3 Capricorn are seeking a merger with Tallow Oil and Legal & General seem not to like the deal. Capricorn shares are at a 9% premium which indicates a no deal but who knows so watch this carefully. 4 Dewar/Deltic are talking to potential operators and the Syros licence is looking interesting. The point is that these small 20m barrel pools are highly profitable at $100 pb and BP nearby has a drill in process so sooner rather than later a deal will be done by someone who is local to these two finds. 5 The new tax idea the government has announced has implications for Deltic. One reading is that unless Deltic has offset profits it will be unable to claim the reliefs - the 91p - it is not a driller. So does this leave the company as an acquisition target? My view and that of friends who also own Deltic shares feel that consolidation in one form or another has to come about. I have my ideas but one issue is becoming certain and that is the Ukraine State Energy will soon be asked to stop pumping gas and oil to Europe as relationships even with the bloody battles all around them carry on are in decline. If this were to happen then what happens to the price of GAS and the price of Deltic? It will in my view come down to how one places a valuation on each JV. If Shell were to buy 30% of the potential gas pool on a high/low basis then Allenby look for 5.9p for Pensacola and 10.1p for Selene. I hope this helps and they are my thoughts as I delve in to Deltic and other gas businesses. Comments etc please and when I get back to my office next week I will reply.
howie26: The share price should be back in the 3p club next week. The next leg up will be the rig contract or 3D results on the Plymouth prospect. Capricorn energy are a very big outfit now and you can clearly see the Deltic licences are going to be the low carbon offset to the business.
hedgehog 100: "Date Title Download 27/04/2022 Corporate Presentation April 2022 (2.97MB) Download" HTTP:// "DELTIC ENERGY CORPORATE PRESENTATION APRIL 2022" HTTP:// Thanks for flagging up that new DELT presentation Anley. From page 18: "Valuation at different gas prices shown as p/share" So at a gas price in p/therm of 150p, which has been the base level for most of the last eight months, the presentation shows a DELT valuation of 83p/share.* "* Management’s illustrative NPV10 p/share based upon stated gas and unrisked P50 prospective resources as disclosed in results announced on 25.4.22" The current gas price is 158p/therm: "Natural Gas UK GBP (GBp) 158.0000" HTTP://
hedgehog 100: From 3.525p on 23rd. March, DELT has fallen to 2.34p today, a decline of 33.6%. Is delay of even a few months worth that much? It would equate to an annualised interest rate of about 100%! With Europe now desperate for non-Russian gas-oil supplies, then DELT's gas-oil assets in the North Sea, as well as America, are looking increasingly attractive. And with high oil & gas prices, large oil-gas companies will have huge amounts of cash flow to help fund acquisitions. Acquisition and merger activity in the sector is likely to increase, and hugely undervalued shares like DELT are likely to be prime targets.
marky26: If all deltic energy drills plus farm outs are successful what could the share price be , what are your thoughts on this ?
badger60: From a poster on LSECorrespondence from DELTFri 19:59I fired a few questions to DELT Investor relations about the drilling rig, timescales, well commitment etc... their reply received today as below, all as per last RNS, just a risk off market today but gas prices have gone mental:Dear xxxxThank you for your enquiry in relation to Deltic.As regards your question on Selene, the status remains the same and we continue to await a well investment decision from Shell.In relation to Pensacola, Shell has made a firm commitment, and no reason has arisen for Shell not to drill the well. As previously notified, Shell have confirmed rig availability. As soon as the details of the rig contract are confirmed to Deltic by Shell, we would expect to announce the contract, the name of the rig as well as confirming the expected drilling timeline. Our expected timeline for drilling Pensacola remains in accordance with our previous statement.At the same time, we continue to progress our full portfolio of licences with both Shell and Capricorn, and look forward to providing updates in due course as we get closer to drilling our first well.Yours sincerely,Deltic Energy Plc1st Floor, 150 Waterloo Road,London, SE1 8SBwww.delticenergy.comPhone: 0207 887 2630
badger60: The latter days of Cluff Oil was a nightmare for shareholders as it became death by 1000 cuts to own it. Michael Spencer took on Algy Cliff's interest, APPX 16% , at I think 3.5p.....and the share continued to languish into sub 1pps, despite raising finance at 1.75p(?)......a sequence of event including name a change and most importantly asset acquisitions took place to no avail until the share price bore absolutely no relation to the embedded value. Mr. Sneller got heavily involved at virtually the all time lows of the share, continuing to buy at higher levels. The rest is relatively recent...Shell....and more recently Cairn, imo all contributing to a huge turn around and rerate for Deltic.Considering the huge price rise in gas, and the vast amount predicted to be contained in Deltic's assets, one can only blindly guess at the true company value here if and whenthese fields are successfully spudded. Imo several multiples of the current sp, but patience is needed.
anley: Lets look at Deltic in 2022 and also ask the board what they have waiting for shareholders? * two drills with Shell - the Pensacola and the Selene licence - both worth 3p per share on success according to Stifel one of the brokers to the company. * What about the 5 licences with Capricorn as one of those licences could be worth up to another 3p per share on success and Capricorn seem to be in a hurry whereas Shell need to pull their fingers out with Selene * What about Dewar as the Deltic board may have to hand back the licence towards the end of 2022 unless they can find a partner to fund drilling and the tie back to BP's platform which is only a few KM away * the Dewar could be worth another 1p on the share price So far the share price may be worth 7p just on the gas/oil in the ground BUT its the gas that is worth an average of 70p/per therm over the next few years that makes the shares worth double or should I say a round 10p per share. Its action stations Deltic in 2022.............
Deltic Energy share price data is direct from the London Stock Exchange
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