Member Info for dai2belts

I am clueless with miners, I dont understand the quantities, If I mined 1 tonne of rock I expect 1/2 tonne of gold, not 1.5 grams ;)
Almost 1/2 placing price, but I bet those 2p shares were forward sold looking at the spike around the news being announce..
So why does a miners price drop building up to results?

Ta Troajan, are you intending to sell Kev and I your shares ? ;)

page 8, valuation but...
.EOG have just a 25% interest of .....
"The reserves already discovered at Serenity represent the opportunity for a commercially attractive tie-back to the planned development at Tain (operated by RSRUK and subject to development approval) with recoveries of approximately 8.5 to 20 MMbbls. If further appraisal confirms the sand deposition and connectivity model, then oil in place would be circa 197MMbbls and a stand alone full field development would generate recoveries of 100 MMbbls or more...
https://www.europaoil.com/wp-content/uploads/2022/06/220609_EOG-The-full-package.pdf

I see the Gov are crafty with that windfall tax to please some...
New Energy Profits Levy (the windfall profits tax), its effect is substantially offset by an increased investment
allowance (raised from 62.5% to 80%) introduced concurrently. This allowance is designed to
incentivize investment in the region, rewarding spenders with the ability to immediately save
91p of tax for every £1 invested.

@Kevround. might be worth looking at EOG, spud coming up september, not sure what its worth to the share price, if you find out let me know...
https://i3.energy/operations/uk-north-sea/serenity/
https://www.europaoil.com/operations/united-kingdom/serenity/

might be something in here, not looked yet, time to go out
https://www.europaoil.com/wp-content/uploads/2022/06/220609_EOG-The-full-package.pdf

Void, class A salt seal
https://www.geolsoc.org.uk/~/media/shared/images/education%20careers/Plate%20Tectonic%20Stories/Sites/Sicily/Realmonte%20Salt%20Mine.JPG?h=345&w=460&la=en

No1 its sarcasm, for the badly written RNS..maybe setting the stage for drilling updates
But its from the RNS
· Rig considered suitable for planned operations, with acceptance subject to completion of audit process

it also says
Completion of the audit was delayed by approximately six days
preparations on drill pad design progressed in time to receive the Rig..

I have some good news
· Rig considered suitable for planned operations, with acceptance subject to completion of "audit process"
No pass criteria, just need ADC to tick that last box....;)

Void, September ?
Thats next month,

@DD13, Ta..
Next event the suggested audit restart date

lol, It quite clearly states the rig is on the pad, and the audit was completed, but delayed by 6 days..

"Completion of the audit was delayed by approximately six days"
"preparations on drill pad design progressed in time to receive the Rig"

The rest is just confusion ;)

@DD13, good to see your still about, I might have a share to apply your graphs to over a few years unless they are another ADV....

@ Kev, DELT not sure its a tip at the moment especially if the 1st well is a duster..
At the moment the sp is 3.9p(on a run), while their 1st drill(sept)was valued on success at 4p(before production), but later upgraded to 5.9p mainly based on the boe valuation quotient..which has probably been adjusted for gas spot price predictions
Next drill is penciled in for 2023 Q2 onwards,
Including this years drill 3 farm-ins appear to be sorted out of the top 5.
Risked for top 5 is about 16.6p was 10p

https://www.delticenergy.com/wp-content/uploads/2022/04/240420-Corporate-Presentation-Apr2022-website-version.pdf
https://www.allenbycapital.com/client/deltic-energy/

Where is deepbluediver, I have an interesting share, Gas

Where is DD13,

Void, Alf G, knows why we pay so much tax and so many items..
https://www.youtube.com/watch?v=eQYqFO_NBSI&t=60s

No1, I hope its the poem that scares you, its gloomy,

Void. Is this yours, if that chains saw is not not real, then those flares got too close for comfort
https://www.youtube.com/watch?v=IHlPFfWZj5k&t=170s

Void, this is unlikely not to be Alf G, it looks very likely its unlikely he gets to eat a hot low salt dinner..
I doubt you wont find the ending funny
https://www.youtube.com/watch?v=5bC9IvGpXSo
Anyway its time I did'nt stay awake..

Docs suggest an estimated drilling time of 44 days with another 23 for testing,

Thanks Wako, I have most of the info now...
Unrisked value for this years drill about 6p, so sp already paying the risked value on 50% CoS, need to read more though..

Whats NAV, and how long to production?