Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Sorry to everybody it was not my intention to start a political debate merely to clarify the longer term value in the assets which I personally see as being relatively strong
FD, you are quite right, but Labour also relies on a lot of oil&gas voters, so hopefully no worse than now.
Politicians are generally not exactly trustworthy - that's on both sides!!
Smkr, Im hoping you're right there's quite a few folk been in this a long time with an average around 70p so hopefully we climb back towards that. From the last RNS there's multiple parties interested in a Pensacola deal and so assuming that's announced at some point before the next drill in June/July there's still plenty of upside. I added to my holding this morning even though it climbed last few days. My average price is now around 45p then it'll all be profit. Anything above 70p and I'm buying a new car 😊 or getting the lounge decorated (if the wife gets her way) 🤞 there's definitely a growing number of daily trades which is a good thing.
It’s quite incredible that this is still only 1.8p in old money. 20:1 consolidation. Last raise before that was 3.5p.. that would be before Selene and probably Pensacola both farmed out! Who smells some higher prices incoming
Labour have a nasty reputation to raise tax from private enterprises of all types, where potential profits can be seen.
The current lot are bad enough. We will get all the persausive empty words between now and the Election. Remember there is a very large demographic group who will vote for "Joe" who promises benefits to top up their stressed household incomes.
I have a little in here in an old sipp.
Need about 6 bag from here to break even from previous bad choices, so I really not got much to lose...Will just watch how this plays out.
Can see a x2 from here even pre drill.
Ha cookoo, thanks for the confidence (not) :-)
The North Sea output is tiny vs the global oil and gas market, so market prices will stay whatever they are. So my guess is that the value of licences would not really change much.
Energy is flying today. Still down though
Dont worry dr p will know
I don't know the answer to this but hopefully somebody will. in the event of a labour victory at the polls and subsequent ban on oil exploration licences does this make the existing ones more or less valuable?
JD, No 2...thanks, agreed. The jump just seemed random, but clearly a re-rating is totally overdue!
Topped up for a nice return ready for 2.00 pound prize
Dr P,
Nothing we don't already know. Both Malcy and Cannacord are both forecasting a 10 bag from here, although they do represent an inside view.
However, the deal with Dana on Selene was a good deal, especially when viewed on the position DELT is currently in. Whilst some would have wished to retain the 25%, I think to swap for a NIL cost option beyond the exploration in Q3 was an exceptionally good move. What's even better is an outfit like Dana must also think it a good deal, which validates the data on Selene prospect thus far.
Then there is the appraisal of the Pensacola discovery and potential farm out deal TBC.
Surely the conveyor belt of opportunities has increased in the credibility stakes, which is another plus for DELT.
Shell sorting out the rig contract must provide further evidence that we will shortly be entering a very exciting period for DELT.
Jack
Aye, quite a few 50k plus trades going through today. Nothing happening out of the ordinary though that I'm aware of but trading volumes do seem to be higher than normal, possibly the market catching on.or a little bit of excitement out there. It seems a no brainer that a deals in the pipeline with multiple interested parties so can really only get Nd one way imho although anything can happen. I've been slowly adding last week but now quite exposed if it does go pear shaped so not going mad.
I totally agree but did I miss something?? What's going on today?!
I hope Malcy's right, and sooner rather than later. Starmer and his hordes are getting their warpaint on to end British O&G production.
I think DELT has got all the credentials to be the best performer this year starting from such low mcap and the market is only just waking up in my opinion
Malcy evidently has a position.. ;>
“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.”
32p paid 🤔
Malcy on DELT
https://www.malcysblog.com/2024/02/oil-price-zephyr-petrotal-europa-deltic-jadestone-and-finally/
Just for info, updated presentation on their website released today. It's under "Investor Relations" then "Presentations"
3 min 30 onwards.. How is Penascola farm out progressing? It’s going very well blah blah.
He’s playing a blinder here. Excellent stuff ..
Yeah Renndava, I also thought that was an interesting comment from GS. But it doesn't surprise me that Shell have a higher GCOS for Selene, as Deltic never seem to deliberately over exaggerate their assets, which I think shows them in a good light and in my view trustworthy. So I agree with you Dr P, what's not to like!
Indeed...
GS is a fairly humble, understated guy, but there are lots of really encouraging clues in what he says, including the fact that Shell is very bullish about Selene. What's not to like!!!
Didnt realise Selene was being classed almost as an appraisal well. Shell have COS as higher than 70%. Incredible!!