RE: This is a useless company14 May 2024 16:00
Dr Patience, you say you "quite like" what deltic stands for and has achieved.
Please can you elaborate what that actually is? With proof, not just crappy rampy statements like "its gone lower, therefore a topup opportunity"
Also, its irrelevant what they stand for, what matters is the licenses are put to use by partnering companies, eventually turning them into producing assets.
Your statement "recent sentiments have been severely dented by useless politicians."
This is a terrible attempt to pass all the blame onto politicians, when it is the DELTIC BOD who are responsible for the company. All other UK companies are held accountable by the same terms, so there is no excuses for DELTIC
As for this being "recent sentiment" - that's another falsity, I have been here since Algy Cluff was the main guy, There is a noticeable pattern of poor performance from DELTIC/CLNR
I quote my recent post for others to see, that despite "recent sentiment" Our recent partner Capricorn completely jumped ship and DELTIC lost all associated licenses... These very licenses where the basis for funding and positivity for YEARS on this forum - Completely gone, and now we are about to lose Pensacola due to no farm out partner being interested.
Last year Capricorn Energy backed out of the Joint Venture with Deltic after spending $10m on technical work, which resulted in Deltic losing four Licences, P2560, P2561, P2562, P2567
Prior to this the BOD and forum users advocated the huge potential and success of a partner. Yet nothing manifested, in fact it was worse than nothing, as investors paid the BODS salaries via placings.
Quote from Deltic RNS July 2023
https://www.lse.co.uk/rns/DELT/update-on-capricorn-energy-jv-licences-8cbwrh124v5fon2.html
"once Deltic has been re-appointed as Administrator of these licenses, Deltic intends to request an extension of the current licence terms from the North Sea Transition Authority ("NSTA")."
Despite the Directors of Deltic making optimistic statements, the NSTA ruled against extending, and the licenses were lost... All those years of Optimistic forums posts and investment...
We are now in a even worse position with Pensacola, as we don't even have a farm-out partner to lose, and only 17 days left to secure one.