Member Info for caesar

Malcy writes:

Looking forward life could probably not get more exciting for Deltic, with a rig booked I am expecting the drilling of the Selene well to start in July and to be followed by the Pensacola appraisal by the same rig, back-to-back. With success in the 33rd Round of UK Government licensing and potential still for a further farm-out at Pensacola life is about to get a great deal busier. It remains perhaps the stock in the sector with the most upside potential and investors should climb aboard…

If I recall the Pensacola drill was estimated to be a 60 to 80 day drill, with 40 days drilling and 23 testing. So would this be the same for the forthcoming appraisal drill?

GGG correct and don't forget Malcy confirmed it's a 10 bagger when it recently stood at 30p

I remember this hit a pre Pensacola drill high of 4.06p before consolidation which equates to about 77 p so it should repeat to at least that level again

SP usually doubles two months before drill

Dr Patience

Not market manipulation just good business practice as MMs have to accumulate shares from sellers for the forthcoming good news

GGG I agree with you but not only that, until the mid summer there are psychological juicy stop losses at 30p and 25p for the MMS to hit

Has anyone any idea of the monthly cash burn here as I notice the last placing was in October last year

If both drills are funded why are people suggesting that there is possibly a need for further cash?

How long do we envisage until the new retest?

Star right. What is your considered time scale to reach SP of 200p as a guess?

T W says Magna Carter has shorted these shares.

Does the proposed plant have a security 'dome' like the Israelis, as a missile fired from the civil rest a thousand miles away would easily reach the proposed mine?

Vagabond72

You called it right so far.

So your predictions for the SP when the 10 million is received and also longer term with the 400 million settlement?

Quite; obviously not inside information but I think they are just being very prudent and cautious as I have seen such large reductions before with other companies.before a placement.

MALCY tips DELT to run to 200p.

Apart from Pensacola and Selene aren't there also Plymouth, Cadence, South Breagh and Dewar still to explore?

Can anyone here advise what is an average across the board percentage increase in a share price, upon a farm out?

Why has Magna Carta (according to TW) opened up a short on these shares ; is it because they are within range of missiles which would again delay the secondary bank's cautious decision making process?

At the AGM David said they could use Petrel as a liquid LSE trading vehicle.

They submitted a proposal for Merjan for September discussions.

As of February 2023 no other competitors had submitted a bid for Merjan.

He closed by saying they had received multiple approaches and substantial interest in Petrel as a shell

Awaiting the RNS confirming consortium and tender details for the licence which has to be submitted by the end of this month.

So by now everything should be on track

To lighten the mood here:

Guesses for what the SP will reach once the RNS imminent news of PET submitting a consortium tender for the license is confirmed