Member Info for Bridgedogg1

Can anyone help me with setting out Deltic's full portfolio and brief summary? i haven't been here long so 'I'm not deep in the knowledge/history here. My current overview:

- Deltic (30-40%)-Capricorn (60-70%) Joint Venture five Southern North Sea licences including taking delivery of new 3D seismic data across licence P2428 - news due
· Cairn will fund 100% of an agreed work programme for each of the five licences up to the point of making a drill or drop decision on each licence
In the event that a drilling decision is made on either of P2428 and P2567, which contain the most advanced prospects, Cairn will fund 70% of the costs of whichever well is drilled first, subject to a gross well cost cap of USD$25 million.

Penescola - Shell (70%) Deltic (30%) due to commence drilling in October, targeting an estimated 309 BCF (P50 Prospective Resources) of natural gas. 50% +COS

Selene - Deltic (50% - carried for 75% up to $25m)) Shell (50%) positive well investment decision estimated 318 BCF (P50 Prospective Resources) of natural gas. 70% COS

· Syros prospect in the Central North Sea, farm-out process has now commenced

Lots of other prospects and upcoming new licensing round

Cash in hand £7m-£8m - no debt

Right place, right time

Yes, despite the current dip very positive 4p broken yesterday, that’s the physiological resistance. Next is the 4.1p technical resistance. Should be plane sailing after that!

Spud is one month away (assuming 9th Oct). Would be nice to get confirmation, once we RNS the spud date buys should kick in.

All we need now is flow rates, then the side track is the final piece of the puzzle

Glide, your 2 or 3 negative DELT posts to date certainly add weight to that opinion. Many here watching and looking to take a position pre spud. Bodes well.

And yet there are many examples of takeovers at multiples of share prices, especially in in demand sectors. We have multiple farm outs on the books, no debt and plenty of other opportunities.

Lol I don’t think so. Have you seen the size and scope of our licenses. A 30% increase in gas prices more than doubles the project values. The energy levy allowance makes it 90% cheaper for development. Everything going our way at the moment.

Truss North Sea push and rising gas prices both likely to provide a bit of background momentum to the sp this week. Should we expect confirmation of spud date as well?

Not quite a coin flip with Selene to follow but sure will drop if it’s a duster. I’m in with enough that if it hits I’ll be very happy but if not no huge disaster, maybe you should sell most pre spud and leave some to ride for the big prize. If Pen hits then Selene with 70% COS to follow this will be huge

Cookoo - if yuo've been waiting for that long why not wait a little longer for the comapany transforming drill? INterest in this will ramp up through September. We should begin to get news on final permitting and rig plans.

You'll also miss out on Selene which we have a much highr share of and a higher chance of success. I dont see funding being a problem in the current climate, especially with Shell as partner. There wont be some crazily discounted placing thats for sure.

Been investing for a while and the best advice I ever received was ‘don’t average down on your losers, add to your winners’

A lot of people are going to lose a lot of money on here AGAIN

Oh wow, that’s some serious clout for a small fish like Angus. Good to see gas storage mentioned as well…

I wonder why it’s not coming under the old theedlethorp entry point that’s still current but showing zero? Thought it was the same.

You must be crazy (or not invested) if you think this won’t break 4p before drill results. Have you seen the size of the prize? Drilled with shell. Gas at all time highs. Big oil need to spend their profits in North Sea, every £4 out of £5 already paid for. This will be over £100m in Sept and rising!

Really good to see those answers. News on sidetrack and other projects shortly.

The family don’t want to lose their board positions, the salaries are worth more than the shares

Why is this rising? Its still going under right? Shareholders will be wiped out?

Yes, as the flow is not stable they will have to low ball the nominations because there are big fines for not meeting them or over topping them. Nominations will gradually crank up as flow rate becomes more predicatable. I expect that's why the current nominations haven't been announced - they are artificially low the PIs might not get why

Yes, as the flow is not stable they will have to low ball the nominations because there are big fines for not meeting them or over topping them. Nominations will gradually crank up as flow rate becomes more predicatable. I expect that's why the current nominations haven't been announced - they are artificially low the PIs might not get why