Member Info for David85

Brokers notes are always inflated, Esspecialy Cluff/Deltics.

During the last 10 years, not ONE of Allenbys price targets for this company were achieved, in fact they didn't even come close.

We could hit the teens, but to maintain the rise & beyond the drill would have to come good.

As the RNS stated few days ago, the drilling is still ongoing for another week, Then we can expect the more comprehensive results, North of 20p should be realistic on good results

If the drill fails... then the company doesnt really have anything at all.

My brutal but truthful comments had the BOD concerned, the truth hurts you see.

Hence todays volume rise out of nowhere.

Thats how you play it DrPatience... A$$kissing gets you nowhere in life... Say it for what it is.

DrPatience, Ignoring facts about a company because they don't suit your agenda often leads to bad investment decisions.

Deltic has provided shareholders zero value in >9 years

Be warned guys, many long term holders are stuck here at a loss and think that ass-kissing the BOD & Ramping will miraculously increase their ROI.

Deltic SP is now at all time low, a reflection of the useless directors decisions.

Sjm321, the volume here is diabolical, 2 measly buy trades are nothing compared to Major holder Richard Sneller dumping his entire 5% of Deltic few weeks back.

DrPatience, You keep posting personal insults which reveal more about yourself.

Meanwhile Ive only posted facts about how terribly this company is being run.

The board is about Deltic, not myself, so I ask that you keep it on topic.

NotMuchMoney, whats the plausible reasons to why CEOS keep changing?

Somethings not right.

October 23 - https://www.reuters.com/business/energy/harbour-energy-joins-north-sea-producers-retreat-ahead-tax-hikes-2024-10-23/

"Andrew Nunn, CEO of Deltic Energy told Reuters "the clear message from key investors was 'do not invest in the UK'.""

Forgot to add Peter Nicol the active BOD, aged 67.

Team Deltic - Last of the summer wine.

DrPatience, re your comment "Thoughts welcome!

(Although not from David85 and like minded p$ssed off ex-investors; not sure why they even make comments)"

You only want to hear optimistic(often false) comments, and thats why you're in this mess.

Ive provided facts, but your head goes into the sand.

Dont shoot the messenger, Im not to blame for Deltic terrible performance, the BOD are.

Norfolkenchant, You raised a good point most overlooked, Labours 78% Windfall tax has to be applied to Deltics 25% share

Therefore, correct if wrong.

£1m profit - tax @ 78% = £220k - Deltic 25% = £55,000

£1m worth oil drilled doesn't even pay half the CEOs salary.

Extending fairdealer20's observation

Deltics Mark Lappin is 63 years old, Peter Cowley 77, Algy Cluff(now-retired previous-CEO) is 84

Looks like these old cronies are just on the DELTIC board to get a salary, the long term doesn't matter as they will have retired... Peter clearly long overdue.

Do the pair of them even attend the office once a week? Probably not... what work do they do to deserve a role on the board?

Thieves.

Https://www.thetimes.com/article/starmer-plans-to-block-all-new-north-sea-oil-and-gas-developments-lqr2tc66k

May 2023 - Labours Kier Starmer plans to block all new North Sea oil and gas developments

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

Oct 2022 - Deltic fund raise by placing for minimum £15 million, partly used to pay Deltics Mark Lappin, A Labour Party supporter/campaigner his yearly salary.

Cant quite get my head around this.

Exploration, thanks for the coherent analysis, it does look like Deltic is Doomed and has been for years.

Its been propped up by plate spinning RNS's and exuberant proactive marketing stunts.

Whats your view on the Conflict of Interest with Deltics own Mark Lappin being a Labour Campaigner, whilst "apparently" working for Deltics UKCS interests...

How can one support Labours effort to thwart the North Sea whilst also taking money from a company trying to profit from the North Sea?

Its a farce, a complete FRAUD!

The companies run by scumbags

Faridealer20, RE "David could it be Deltic has become a dormitory for useless Execs until pension arrives or another gravy train arrives?"

You could be right, I recall CEO Algy Cluff tinkered around for some years then decided to retire, handed the co to graham whom just retired... its a merry-go-round were the BOD earn £150k + a year for taking a seat.

DrPatience, Re "Flaky statistics you have been cooking. Just add them all up and take the average. Right.

Thats how you get a mathematical average you absolute dunce lol...

23 high impact wells drilled in 2023, 8 commercial success =

Deltic has relied upon shareholders for raisings, fundings, and the rest of it, in return they've returned nothing but 1 drill, attributed to a farm-in signed > 5 years ago.

What reason should shareholders provide more support for this Clown show that is Deltic?

9 years in UK Exploration, just to ditch the place and go elsewhere, Useless company.

Fairdealer re your comment "any venture into Foreign territories is likely to require funding, hence Canncord coming on board. "

Well observed, and as everybody on AIM should know, Funding = raising = dilution = lower share price.

If Selene Fails it would mean the last 9 years of funding bared no fruits at all, aside from paying the directors salaries of £150,000+ per year.

One could wonder - perhaps that's the sole reason these companies are created, the rest being noise.

Deltics Mark Lappin is a Labour Party campaigner, the same Labour Party that the Deltic Directors have blamed in the RNS for the Fatal position Deltic finds itself in.

You cant make it up, Talk about a conflict of interest... But look at the comments below, Completely BLINDED by these FACTS. Though, the market itself wasnt blinded, closed up 1%, tomorrow back down.

Nobody believes the "apparent" farm-in interest, to no surprise as most of the other UKNS O&G companies made arrangements to depart the UK many months & years back, But only Deltic - with its very own Labour member providing key-intel - decided it would be a good idea to leave last.

Deltics a complete joke.

DrPatience, Re your comment "David85, PS: where do you get your 30% from?"

I got my figures from the 27 high-impact wells drilled in 2023, of which only 8 resulted in commercially movable volumes, a success rate of less than 30%.

Where did you get your "Geologically it's probably 100%." from?

An observation that your baseless comment has 2 likes, Does this imply those 2 people believed your unfounded claim over my factual one?

It wouldn't surprise me, the Deltic investors seem to believe everything they read, letting optimism blind rationality.

If it was 100% probable like you said, Shell would take it straight to production, not waste 90 days drilling.

Quady

Il continue to use terms like left and woke, What will you do about it?

You're probably a fat poofta with a graham norton tea coaster and BLM flag in your window.

Global warming is nothing but a Left-wing Lie, which serves only the purpose of imposing tax and guilt on the masses.

in the 80s we were apparently due to enter a new ice age.

in the 90s it was the hold in the ozone layer was increasing

in the 2010s, we are heating up

After the masses bought a petrol engine they advised you to buy a diesel engine, when the masses got diesel, they advise go electric.

Its all a con, and most people cant see through it because they are gullible and believe everything their governments tell them.

They will spin something else once the economic horizon changes

RNS : https://www.lse.co.uk/rns/DELT/chief-executive-officer-changesuccession-hlnjesrx0fkxdiu.html

Mark Lappin, Chairman of the Company, said:

"Under Graham's leadership, Deltic was transformed into a company with an attractive portfolio of licences along with world-class partners, positioning it at the forefront of UK exploration."

In the last nine years, Deltic has managed 1 High Impact drill which took 5 years to arrange after partnering with shell

9+ of the "attractive portfolio of licences" were lost.

Therefore Deltic cannot - by any strech - be considered "at the forefront of exploration".

Lost/Reliquished Licences

- P2542/Syros

- P2424/Cortez

- P2428/Cupertino

- P2560/Breagh South

- P2561/Breagh South

- P2562/Breagh South

- P2567/Cadence - NSTA Ruled against Extension

- P2558/Pensacola North

- P2252/Pensacola - Deltic lost due to finding no partner

Deltics only worthwhile licence

- P2437/Selene - Shell Farm in 2019

Honest analysis of the New CEO'S comments

Andrew Nunn

"Graham has led Deltic through some of the toughest and most volatile time."

>Graham has blown the direction the wind took him, The use of the word "Led" is misleading

"As the team seeks to extract the maximum value from the existing UK asset base and rebuild a portfolio focussed outside of the UK"

> So... after 9+ years of trying to become a producer in the UKNS, Deltic is planning to start all over and ditch the UK?

"It will then be our job to capitalise on that hard-earned reputation and credibility as we look further afield to find value for shareholders."

> Sorry Graham, Deltic doesn't have any "hard-earned reputation" nor "credibiltiy". You've provided shareholders zero value in 9 years.

The lack of integrity from DELTICS new CEO is concerning, I wont be investing a single penny more in this company.

Advice for new investors

Ignore Deltic and Exploration companies in general, learn to invest in solid producing companies, most Exploration companies use exuberant over-optimistic claims via RNS to fool investors.

Lastly, I leave you with my comment 20th May 2024 when Deltic SP was @ 14p

https://i.postimg.cc/6qDrY1Z4/delt.png