Member Info for Bubblepoint

""Selene is fully covered through JV partner, However, DELT needs to arrange funds for Pensacola.""

Boom Boom, why ?? they have CLEARLY stated in the March presentation that they will look to cover Pensecola with additional farm out, as per the copied reference below !!!

Shell currently have 30%, so there is a LOT of room for Deltic to play herem they can EASILY get this covered for what ? 20%, leaving them the lions share of 50% in their hands, and i WOULD NOT be surprised if Dana is the one that takes it, since they are already in for Selene with Deltic & Shell, perfect marriage.

Would it affect the SP ?? I doubt it, if anything I recon it will enhance it !!

Near term crystalisation of value from success

Deltic seeking an additional partner to the Pensacola JV with

aim of:

Reducing cost exposure to appraisal and development

activity

Retaining exposure to appraisal success, future cash

flow and potential commodity price rises

Recovering an element of back costs

Ianfer,

The auto buy/sell identifier, which is often flawed, as it is determined simply by which side of the "mid" price it passes through at, and many of us here have had our own buys show as sells vise versa, I really doubt we would be sitting at 9p today had that been a processed sell imo.

Did someone hit the wrong key?

Honestly, I think it ONLY goes to demonstrate how much on the tipping point this shower of sheite really is, borderline worthless with little to no prospect.

AHHHHHHHHHHHH PPP,, we all know what that is short for,

PISH POOR PERFORMANCE !!!!

AD, Greens do NOT need a winning formula with the likes of UKOG, UKOG has its own SLOW & PAINFUL self destruct function, designed by it's leader, though I have to admit that they are SUPER efficient in the running of the Confetti factory. If only their core businesses were given such effort and design!!!

Slow and steady !!! let the 5 - 10%ers do their thing without making it too volatile !! happy days, need more like that as we move towards SPUD !!

LET the FUN & GAMES BEGINNNNN !!!!!!!!!!!!!!!!!!

Most of it reads that they have spent most of their time and effort trying to draw a line under the GL effect, most of the figures noted are borderline now irrelevant, as in trying to draw a line under it all and create a new baseline to build on.

I don't think they are quiet there yet, along with the past reputation still leaving a bit of a bad taste in retail mouths, BUT if they are smart going forward and show more transparency, and "carefully" use the funds they have and excess revenues to meet the 2024 objectives, then by year end or the next 12 months "could" see this as bottom and the building platform for "some" retail upside.

I am still on the fence with it, as in no rush to do anything, as I still see SLBY as nothing more than a feed for at least some or all funding of works here and elsewhere, time will tell.

With the comments on condensate bottlenecks, it does look like rates are being limited to control and manage liquids, mainly condensates, something they hopefully can resolve through 2024, not that you can stop liquids, but at least get the velocity strings in place and sort out surface to cope better with that.

Not sure his comment in increased rates is anything more than probably getting back up to earlier highs, I doubt the reservoir and associated dew point could really deliver more. but past highs is good enough as long as stable.

Jazbo,

I think you will find they have enough funds for the planned first phase drilling campaign, their review is to split out those renewables as they clearly do not want to dilute the hydrocarbon program funding, they have stated they have interest to fund the renewables.

""Can't see them going back there.""

Well all I can say is thank ferk, total waste of time and money !!!

Exactly BDC, they are in full process for rig arrival. and the strategic changes will keep focus on this.

Most folk in Chariot were not here for the sideshow, only for the hydrocarbon efforts, so it's back to the real business as far as I am concerned.

Personally, I think it is very wise to push this strategic change through, they have a significant drilling program to start imminently, and all funds need focus on this, rather than spreading yourself too thinly.

Got an intense rest of 2024 ahead of us, gonna be VERY interesting times.

Ocelot,

Pretty certain the move on futures gas is primarily linked to the notable attacks on a good number of Russian refineries and gas plants ongoing, which could see a bigger push on prices, depends if these plants and refineries keep getting knocked out, as there are still importers of Russian gas within Europe.

GP,

The days of big pre spud rallies are long gone, but I do expect it to tick up quietly over the next week or so, but as ever drill bit rules so as planned, I have established my position, though still 10% down but I am OK with that as I never expected it to have such a pain in the butt seller that has haunted it since Energean del was announced.

One thing is certain, once they get that rig sited, it is going to be FAST n FURIOUS activity and news flow. and looking at the site update, there isn't long to go before kick off !!!

Looks like they are STILL fighting to get proper stability through the plant, rates are up and down like a like the SP, likely fighting a tough battle due to condensates/liquids causing too much interference in the flow dynamics.

I think the velocity string/s will be sooner than later.

YW Ocelot, just my view, nowt else.

Ocelot,

I would expect that to be the minimum they would expect from Brockham AFTER all works including reperforation, otherwise it is pointless.

As for todays oil price, you have to apply discount to that, likely 10%, tankering per bbl, any water removal, new site Opex, as it would almost certainly require manning while active.

There is insufficient pressure to surface, which is why they may well be able to complete works rigless, I also suspect they feel there are issues with wellbore replenishment, thus reperf to improve flow and possibly extend original perfs. 50/50 if it all does enough tbh.

""Stock is in waiting mode.""

More like stock is in "terminally ILL mode !!