Member Info for Chambery

https://www.pressreader.com/uk/the-press-and-journal-inverness-highlands-and-islands/20230403/282776360806005

https://www.reuters.com/world/uk/uk-government-expected-offer-energy-companies-windfall-tax-relief-ft-2023-03-24/

UK energy companies are expected to be given the option of windfall tax relief next week when Britain will unveil a series of measures to boost its energy security, the Financial Times reported on Friday.

For budding Chartists
https://www.investopedia.com/articles/technical/112601.asp#toc-how-many-types-of-chart-patterns-are-there
Wedge at 4 or 8 weeks ..ish never sure where to stick those lines both seem to converge.

28th Feb 23 30th Dec 22

Key Shareholders Percent Percent
IPGL (Michael Spencer) 18.8% 18.8%
Richard Sneller 9.5% 9.6%
Hargreaves Lansdown 9.2% 8.9%
Interactive Investor 8.1% 7.9%
Canaccord Genuity Gp 6.3% 7.9%
Janus Henderson Investors 5.2% 5.0%
Fiske Plc 3.5% 4.0%

In the main unchanged

Michael Spenser and Richard Sneller are major Holders indeed but they hold under 30% I think the other 70% might hold a view on taking the company private.
Deltic look ripe for a good takeover bid.

https://www.energyvoice.com/oilandgas/north-sea/exploration-production/483934/hot-on-shell-discovery-deltic-seeks-partners-on-next-north-sea-target/

Inaction will make them vulnerable to a takeover by any north sea producer.
IOG could have another go. Deltic will need to make a decision quickly if they
cannot progress Pensacola.

Licence P2252 Deltic (30%) Shell (LON:SHEL) (65%) and ONE-Dyas (5%).

One Dyas late buy in looks more interesting now. They knew what they were doing.
ONE-Dyas B.V. is the largest privately owned exploration and production operating company in the Netherlands.

AN OVERVIEW OF OFFSHORE OIL AND GAS
EXPLORATION AND PRODUCTION ACTIVITIES

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/197799/SD_SEA2EandP.pdf

See --- 3.3.7 Well suspension and abandonment

May Help

I see The Dutch One Dyas largest privately owned exploration and production operating company in the Netherlands has quietly acquired 5% of Pensacola from Shell and who also drilled the Ossian-Darach exploration well.

Interesting find Sjm321 more well details here

https://opendata-nstauthority.hub.arcgis.com/datasets/NSTAUTHORITY::exploration-and-appraisal-wells-3/explore?location=53.398449%2C-0.354922%2C5.94

Shell get the relief not Deltic.This might be more about the delay in Shell potentially delaying development with the windfall tax in play. Better to sell up now?

share manipulation for takeover ? The major holders need thier money out

Looks like a calm day tomorrow, where's a tug when you need one.
https://www.windfinder.com/#7/53.5175/1.9885/sfc/2022-11-03T06:00Z

Drilling Co-ordinates 54°54.304'N 000°03.442'W Pensacola

https://fishsafe.org/en/news/
18 October 2022 | 11:51
Drilling Activities at the Pensacola
Type: Activity

Jack-up Drilling Rig Maersk Resilient is expected to be moved into the Pensacola location for drilling activities and is expected to arrive 01 NOV 2022. The rigmove is operation and weather dependant and actual arrival date may be later. The duration of the the drilling operations are expected to be 87 days.

https://itportal.beis.gov.uk/eng/fox/beis/PETS_EXTERNAL_PUBLICATION/main
Select year - 2022
Search for - Pensacola
Earliest drilling Start - 16 October

From Interim Results 24 August
Highlights

· Potentially transformational Pensacola exploration well with Shell due to commence drilling in October, targeting an estimated 309 BCF (P50 Prospective Resources) of natural gas.

J1osf you can see the rewards are ‘potentially’ high, but the risk is high too. If gas is found in the quantities that Deltic hope then it will rise too fast to invest, conversely with failure it may fall to be rescued by the Selene drill. Exciting times with potential for multiple increase.

“Assuming Gas is found”!!!
One therm is equal to 100 cubic feet of natural gas
Using rounded and lower figures
In the US one therm of gas is approx $1 Dollar
In the UK one therm of gas is approx $6 Dollars (and rising)
Pensacola field 300 Bcf = 300,000,000,000 CuFt or 3000,000,000 Therms
At the lower US Cost of $1 / Therm That’s $3 billion - 30% to Deltic = $900 Million
At the very UK high cost of $6 / Therm That’s $18 Billion – 30% to Deltic = $5.4 Billion
And The Selene field is another potential 300 Bcf so double up and some with
Deltic owning 50% .
The risk versus gain and a market capitalisation of the current £50 million seems on the low side.
Looking forward to the drill.
Please check the workings for yourself !

Hark !! The sound of an Ice Cream Van…. What you having Noel , I know you are coming across as as bit of a ‘Screwball’ and wanting to take a ‘Magnum’ to one or two of the positive posters maybe a ‘Twister’ will turn you around and see the ‘Feast’ of opportunities here at Deltic which could ‘Zoom’ to great heights and we could all have a ‘Fab’ Time. Luverly Jubbly.