Deltic Energy Takeover Rumours (DELT)

Thats it . Selene while very likely commercial is smaller than forecast and means that Deltic have much less clout to argue the toss with Dana/Shell/Viaro than might otherwise have been the case. I reckon Deltic is worth £8m to £10m including their tax losses ..theyd be better off just accepting a takeover for the whole company. Edit... Cannacord have end December cash at £1m and have reduced their target price to 30p FWIW.