Member Info for dai2belts

10th Oct they said deal will take weeks well in advance of drilling...I guess need to buy before and risk it not happening

Its been bouncing off 9p reaching 11p, this time TW attacks...

I was thinking adding yesterday, but thought about Horults advice, so thought I would wait for it to settle and maybe show signs of a rise....

Never thought of the nonsense to distract, but saying that some posters twist facts and that can confuse...

GEX, they keep shouting no permit, ..Its an explorer, the IPO raised for the drill, and the permit comes later, often just before drilling,,Its all risk as maybe the permit won't happen..

Car dealers

https://www.msn.com/en-gb/money/other/why-britain-s-car-dealerships-are-on-the-brink-of-a-16bn-crisis/ar-AA1tl3A7?ocid=mailsignout&pc=U591&cvid=049bc7894cf34294da069b58c0742a42&ei=55

Bid has been 2.90 all week, and this afternoon the Ask has just dropped to 3p..

Somebody sold 600k shares at 2.92, so I guess the MM wanting to shift them, if so the Ask should increase end of day

https://invst.ly/17258t

Maybe drilling the lateral well will increase the recoverable volumes when compared to a horizontal, if so maybe they are waiting..

Reading Matd presentations suggests well designs can significantly increase recoverable volumes, in their case double..

Is there a deadline for the well bore investment decision ?

Zephyr seems to be holding around 3p..

Then you look at the chart and see that downtrend

Then you look at the RSI and its oversold, so will the chartist be watching, and there is also that JV news to come, followed by a big drill, if it works out...

GEX, briefly dropped into the 7s ...

Talk of II selling out, and TW fans trolling..

Did the 25% cost $15m ?

12 seats of 79 ruling, opposition 75

What percentage of the 3 parties did the greens make up ?

Mmmm, 35% plus $15m, thats near half the MC(£87) of the company

Found this, kind of explains the current structure..

https://spunout.ie/news/politics/irish-government-ministers/

Not sure if this suggests the Greens were a pain

https://www.independent.ie/irish-news/elections-2024/government-parties-in-constant-conflict-but-greens-would-power-share-with-fine-gael-and-fianna-fail-again-roderic-ogorman/a1959145298.html

Thanks,

but which one is like oil crazy Trump :)

@ 50% working interest of 318bcf was £312m...

· The Selene well (Deltic WI: 50%) in the Southern North Sea, operated by Shell, is expected to spud within the next 12-18 months following a firm investment decision in July 2022. The Company estimates that Selene has a gross P50 prospective resource of 318 BCF, with a GCoS of 70% and an unrisked post tax project NPV of $624 million gross ($312 million net to Deltic), also calculated using a gas price of 80 pence per therm.

https://www.lse.co.uk/rns/DELT/proposed-placing-subscription-and-open-offer-exfmgk7cte8wuio.html

They have a lot of shares in. early investors hands too, plus an ii selling down

Now

=====

estimates Selene to contain gross P50 estimated ultimate recoverable (or 'EUR') resources of 131 BCF (P90-P10 range of 95 to 176 BCF) which is at the lower end of pre-drill estimates.

Previously

=========

Estimates that Selene has a gross P50 prospective resource of 318 BCF, with a GCoS of 70% unrisked post tax project NPV of $624 million gross ($312 million net to Deltic), calculated gas price of 80 pence per therm.

So JV@1/2,,,,,,,,,.. $156 net to Deltic, £123,793,800m 133p/s

then 131/318, thats about 41% of original estimates(318)

So 41% of 133p, ~ 55p(less future JV)

Delt reduced their 50% interest to 25% in order to gain a free carry up to $49m, so what will they have left after next farm down ?

Maybe further raises to cover FID and other costs until next drill

Apparently the mobility car scheme goes all electric next year..

Plenty of MGs around here... My mate has a petrol, at only a few years old the dealer was advising the brake discs should be changed, not sure if that was Chinese metal or dodgy dealer

Is it the Irish Gov as a whole blocking Inishkea, or just a dept ?

Irish elections maybe end of the year, yearly next....

EOG have a big gas resource, being blocked by the current party that prefer to import.

JV more likely if current party is removed, or atleast those blocking exploration

JV, paid for this exploration drill.(selene)

Pensacola was their big discovery, they also needed to farm out to cover their share of the next well, it did'nt happen so they had to forfeit and still had associated costs to pay :(

Will that failure repeat for Selene, plus Labours stance(super tax), and maybe reduced develop offsets against tax could mean it just gets parked up for years