Member Info for David85

DrPatience Re "Also, if it was a done deal that NS is dead, then surely Shell would not waste around $65-70 million drilling Selene and Pensacola (their share)."

The deal with Shell and Deltic is years old and was signed during an advantageous political era.

As the times have changed, there is a chance shell forfeit the drilling, but dont worry, because even if this occurs, the directors here will come out with a statement like "Weve been awarded a licence for the largest find in recent years", and everybody here will be back in ramp mode.

G_G_G Re "Board are certainly going to have a very hard time at the AGM next Thursday if they give back Penascola. If I were Swindell I'd go in wearing a helmet."

I disagree, The directors wont get any friction from shareholders, infact the opposite.

Deltics investor base is loaded with gullible retail investors who come out with stuff like "if I can prevent dilution, I shall throw last years savings into Deltics fund raising, and thus lower ones average."

The Directors are not held responsible in anyway, look at the title of the below post of peterlowen,

"North Sea exploration star"... The actual news title of the article is North sea firm... but as you can see, the investors here are blinded by their own wishful thinking... Deltic is FAR from a star.

A more accurate title "Useless North Sea company that's been Exploring for over 8 years has now focused solely on blaming the Labour party for there blunder streak"

The lesson with this share and many others on AIM, Most Exploration companies are a waste of time, they are a bad investment.

Same for me, can anybody clarify what happens

I have 1,500,000 shares here. showing as £0

Another AIM investment scam, just like 99% of the other "exploration" companies on aim

"Whatever the RNS States"? Lol what daft advice.

Ignore all the RNS guys, according to Rot1 this share cannot possibly fail, keep throwing all your money at it.

Anybody with a brain knows thats utter BS.

A labour government will try to block all north sea production, in which case there wouldn't be any money to be made from DELTIC...

As for last one turn out the lights, I think the Utility company will due to unpaid bills.

A Westminster office isn't cheap, but what a nice reason to wake up in the morning when your shareholders pay your luxurious office and bills.

8 Years and deltic has achieved NOTHING.

DELTIC RNS Dated - 17/7/2020

https://www.lse.co.uk/rns/DELT/statement-re-possible-offer-for-deltic-energy-plc-i3dmv06a4ohcszs.html

"Whilst Reabold is optimistic regarding the ultimate prospects of Deltic's high impact exploration wells in the North Sea in the medium term, Reabold believes that it is unlikely that there will be any significant activity or news flow until Shell U.K. Limited ("Shell") commences drilling of Pensacola, which is estimated to be in H2 2021."

H2 2021? Hahahahah - Try Q4 2024 and now we don't even have funding...

This company is a gravy train for the Directors... 6 figure salaries, nice office, sit around all day doing nothing expecting retail investors to throw money at them.

Candlestick, you must be off your mind if you're thinking to throw more money at this company just to reduce your average.

You will be forever throwing money at this company, and that's just what the directors want, because they need their 6 figure salaries paying, and that money needs to come from somewhere.

Its funny how Shell and the likes - despite making billions - wont pay their salaries, but the retail investor who worked hard for his money, will happily part with it over some fancy words in an RNS. xD (DELTIC found the biggest discovery in years, Our expertise at finding locations, etc blablabla)

This is the true state of affairs.

I wont put in a single penny more.

In 8 years, All deltics done is

- found 3 farm in partners (only 2 remain as capricorn left to work solely on greece)

- raised loads of cash from shareholders to pay directors 6-figure salaries

They are still an explorer 8 years later, failed to produce anything or get on with licences they got 5 years ago.

If this takes any longer, Expect renewables to completely replace the need for Oil & Gas.

Absolute useless directorship and investment.

Ekimp, And if they dont retain the license, expect the mother of all drops, another 35-65%.

Last month Deltic was 39p, Today 13p.

Next week 6p

Https://www.bbc.co.uk/news/articles/cpddxy9r4mdo

Just as you though Sunak couldn't make anymore intentional "mistakes" to give the upcoming election to Labour, he goes and announces a plan to force people to partake in free work.

-Lost Farm In partner Capricorn who predicted correct the terrible horizon of the UK Oil & Gas sector(Capricorn Abandoned all UK Operations to work solely on Greece)

-Do not produce any revenue, thus rely on shareholders and other companies to carry them

-Lost 5 Licenses due to lack of interest from other companies.

-Needs £15million in order to keep Pensacola, or will lose a 6th license(Should be announced within 5 days)

-Likely have a Labour government to deal with, who are Anti UK Oil & Gas(Announced Early July 2024)

-Have a board of directors who blame political environment rather than there lack of ability to attract partners

-Share price crashed >65% in

SharePrice going down mate and when it does I will ask you next week if you have recollection of our discussion today.

You will probably deny it like the other dishonest posters here.

DELTICS in a very troubled situation.

-Share price crashed 65% in

Ekimp, What Rubbish you talk.

I am giving people the full picture here, and it happens to be a negative one.

Shareprice has crashed over 65% in the last month, And we have likely got more bad news within 5 days to come...

What do you expect the shareprice to do? Go up? Its going down and you know it.

Notice how BadA is advising people to buy now... What a pathetic bottom feeder.

You only advise to buy because you are seeing the shareprice collapse and hope a few buys will raise it.

you are a gravely misinformed idiot.

Share price due to collapse to 6p when Deltic give everybody the bad news...

Cjm83, Good Honest post, I gave you a recommendation, Labour will ruin the Uk Oil & Gas Sector

Notice how the majority of posters here are dishonest, They ignore negatives truths and only recommend positive unfounded optimism

DrPatience, Deltic isnt worth anything mate because it doesn't produce, all we have are a few licences, and a board of directors who need 6 figures per year, possibly over £1m combined.

These salaries come from Raisings that usually retail investors are responsible for paying via share dilution.

We now have one prospect due to be drilled Q3/Q4 this year, if that fails, you do realize the SharePrice will be about 1.5p?

You've got to be completely stupid to even consider giving this company more of your hard earned just to keep your share ratio the same.

The companies lost 5 licences, a farm out parter, needs £15,000,000 or will lose another license, and now likely has a labour government to battle with.

But your concern is to buy more shares.

A fool and his money are soon parted.

BadA, Re "You can see, some buys are going through as sells."

Would that be the trade for £0.98p, £1.26, or the one for £5.88?

Lets be honest, faith is all we have when it comes to deltic.

Combine it with 8 years of blind optimism and you have whats know as a bad investment.

If graham finds a chair il pull it away just as he goes to sit down.

Djmtrading, well done for noticing the political bias heavily tilted towards labour party on the news/media over the last year - thats the true reason labour will get into power, the same occurred when nigel farage led brexit.

Controlled Demolition

However! it will be re-labelled after "Labour wont due to conservative mess ups"

I disagree Ekimp, As for being angry, you've called that wrong.

Im merely echoing recent revelations with deltic, as opposed to others beating the drum of optimism, when to be frank - theres not a smidgen of optimism to be had here.