Member Info for Bridgedogg1

Really happy with how this held up today, confident buying above the placing price. We are now fully funded for a 55% and 75% cos drills. A good chance that we will do well.

Moving up nicely, good market reaction to the cash raise

‘Significantly over subscribed’ .. should have gone for 3.8p then.

Considering we were at 2.5p 3 months ago & 4p today 3.5p is a great price, certainly not 'mates rates'. I dont think we will have a problem getting the full amount, wouldn't be surprised to be a higher allocation.

Level of funding indicates we will be active in the upcoming licensing round

We will be fully funded through to mid-2024. Anyone who has been sat on the sidelines waiting for the funding question to be resolved now has a clear path.

Before each of the recent rises?

You seem very negative in your 28 posts. Claim to have been here 6 years, since old man Cluff? Well this is the culmination of all that pain - drills with Shell lined up. Would have thought you would be more optimistic.

https://www.nstauthority.co.uk/licensing-consents/licensing-rounds/

The next round is due imminently, hopefully Deltic will pick up some good acreage

The chart is actually looking very strong if we can hold this level. The next push up should take us into break out territory again, toward 5p.

Pensacola has 55% COS / 30% WI
Selene has 70% COS / 50% WI
Syros 58% COS / farm out process

There are of course other risks even after discovery so I assume thats why the unrisked value isn't applied??, but with Shell on board, local development and gas prices I think they can be largely discounted if commercial gas is found.

As long as your time horizon is longer than a few days then we are just seeing a pull back during a strong upward trend.

Personally I am going to pick up what I can below 4p

https://wp-allenby-2020.s3.eu-west-2.amazonaws.com/media/2022/04/20220427-Allenby-Capital-Deltic-Energy-plc-DELT.L-Finals.pdf?c2971=on

Seems to be a bit of buying interest down here, moving back up down. We are seriously overdue some news!

Looks to be a classic bear trap on a bullish rise, we will see

Atleast they know theres no pint in converting too many shares - there just isnt the liquidity to sell them.

Disappointing finish, despire plenty of buys in the afternoon. Monday is the 12th and 4 weeks from (potential) spud date. Everyone talking about gas prices and domestic supply. Once licensing round is announced that's more focus on Delt.

Todays 10%drop has to be viewed along with 100% rise in recent weeks and lack of comms.

You truly only attribute 2.5p to gas bonanza drilling result? Seems a bit low considering we'd be looking at 100BCF with Shell already on board as partner. Would be very easy to offload another 10% to pay for our development costs. That leaves us with a free ride on 60BCF with prices at all time highs. That's got to be worth more than £30m, hundreds of millions on the mcap.

News is due - P2428 seismic, Syros farmout, Pensacola spud date, Selene drilling window, UK 33rd licensing round due soon.. any could provide a good boost to share price

I haven't read anything to suggest we can expect a 'mates rates' placing. The BOD seem very financially astute. We have money in the bank and a number of strong farm out deals, with more to follow. We are far from the circumstances that would require a discounted fund raise. If anything I would expect a placing to be close to SP with someone looking to make a serious investment and not pay a premium. I estimate we need $7m for Selene and we have £8m in the bank, so pretty much fully funded for both Shell drills. Capricorn is funding the work programme on 5 licenses so again I don't see the need for a fund raise at the moment, certainly not a large discounted one. If we can get another 1 million payment on the next farm out then its all good.

I don't see CNE going for a takeover, arn't they merging with Tullow and didn't they sell their north see assets recently? We've had Reabold and IOG sniffing around in the past, I expect much bigger outfits will be eyeing us up around now. Certainly for anyone currently making profits in the UK its a no brainer with 90% off the cost of development.

Slowly building in the low 4s. They will have to let this go at some point if the sustained buying continues.

Is that 4.10 broken???? Top of your flag, ready to break out??

Exciting times.

Obviously the current issue is the lack of information over the flow data. PIs not trusted to work out what the data means. Past RNS indicate that hedge rollover was until the end of August so we are now in hedge territory and the company is keeping flow rates from us, an importantly the financial impact of not meeting the hedge. All par for the course with Angus, we will be told after the fact and the new will either be very good or very bad. I'm sure this will eventually come good but I suspect at the moment we are paying out on the hedge contract, the higher the gas prices the more we have to pay and if we are not producing at significantly over the hedge thats a double whammy. We need to get these wells flowing, sidetrack announced (should have been announced with first gas) and current situation updated. Very frustrated at the moment.