Member Info for David85

Sweeties & ice creams aside.

This share has dropped from 38p to 14p within a month?

No surprise you folks are so bitter and angry

Just wondering

If your investment here fails, you could consider getting an ice cream van and driving around doing 2.99p flakes

38p*, not 33p

70% of value wiped out.

I suspect another big fall could occur all the way to 6p...

Smashing company this!

Https://www.independent.co.uk/tv/news/jim-ratcliffe-man-united-starmer-b2547510.html

Terrible news for Deltic and UK Oil & Gas sector in general.

And with the SP falling, any buyer may aswell let it keep falling and pick it up for peanuts

People were saying how experienced Jay Cheatman was back then... he was absolutely useless.

Lets see if Alaska actually ends up producing, or if we get dramas like before.

There was even one point in time, PANR waited months for a drill bit of some kind, and when it arrived it was dropped accidentally down a hole.

Then a new one arrived, and it broke inside the hole or something of the lines of.

lol, you honestly couldn't make it up.

And heres another RNS for those interested(Those who dont want to hear negative truths, bury your head in the sand now)

https://www.lse.co.uk/rns/PANR/operational-update-investor-conference-call-pdx9t30ppu0qwk8.html

"operations within the VOBM#4 well were significantly delayed due to the integrity of pipework within the wellbore being compromised by the failure of a liner hanger to seal correctly. Multiple cement squeeze jobs were undertaken and were ultimately successful in restoring wellbore integrity.

· An independent reservoir engineering consultancy was contracted by the operator to undertake an analysis of the wellbore conditions following the multiple cement squeeze jobs and to advise on the optimum procedures for successful flow testing. Analysis suggests that cement from the multiple squeeze jobs may have compromised the formation in the immediate area surrounding the wellbore. This is believed to be a localised issue directly as a result of the intervention of the cement and does not in any way impact the prospectivity of the reservoir. Accordingly it has been concluded that the most effective remediation technique is to retrace partially back up the hole and to drill sidetrack to present a clean wellbore for production testing. Planning for the proposed sidetrack is presently underway and operations will commence as soon as equipment and services are available. "

This type of situation went on for years, a problem, then a solution, then another problem.

Be prepared for the company to do this again, Especially as I see Jay Cheathams still CEO

Brombarb, thanks for posting the link, thats actually the tip of the ice berg back then, the shenanigans went on for years until I sold at a loss and moved on.

Funny how I asked a legitimate question and immediately everybody looks to defame you... Thats how people end up in a vacuum chamber listening to their own echo.

They post daft claims of £2 here we come, because they are stuck invested at a much higher price, And want to dupe any potential new investor into putting more money in hope of lifting the SP back to their break even.

Its a sad state of affairs, many of these guys have been here posting for 6 years about a takeover...

Nothing has manifested, Nick

You clearly havnt researched to the timeframe i mentioned, otherwise you would see its a fact.

Back in 2017 this company was ran by Jay CHeatham, almost every job he attemped ended up in some sort of comical failure, Like a drill bit going missing etc...

Aside from this the company had good oil prospects, but nothing ever manifested.

Is the company still having similar problems to this day?

There always a few shorters here too... Just something I observed over the years

25p in 2018

to

19p in 2019

to

6p on 2020

to

4p in 2021

to

2.5p in 2022?

to

2.7p in 2024?

And people here like Only1Gibbo are talking about untold riches???

HAHAHAHAHAHAHAAHAHA

What a absolute clown.

This company is a joke, and has been for the last 6 years.

providing only downward movment in shareprice, this company is used for raisings and placings for the BOD to get paid their 6 figure salary.

The Majors with the money know SOLG cant handle Cascabel alone, so they will wait for the share to collapse, then buy it at peanuts.

The long term investors here are stuck, hence why they talk of £1 takeover this, and £2 that.

In reality, we are 8p lol... only going lower.

DrPatience, My proposal about the BOD taking salary reduction and/or part salary in shares is more than a constructive comment.

idk how long youve been investing for, but this is a known thing for BODS to do to show they actually believe in their own company.

As for DELTIC reducing staff when Pensacola is lost, we both know that's not going to happen, because the company is a gravy train.

The Majors with the money know SOLG cant handle Cascabel alone, so they will wait for the share to collapse, then buy it at peanuts.

The long term investors here are stuck, hence why they talk of £1 takeover this, and £2 that.

In reality, we are 8p lol... only going lower.

Queue The Titanic theme tune.

Pensacola... Will stay... Forever this way(Undrilled, Alone)

My heart will go on... and ooooonnnnnnnnn

The BOD here should be taking salary reductions AND/OR register to a scheme that automatically puts a Percentage of their excessive salary into Deltics Shares - as a gesture of interest in the performance of the company and in support of LTH, in my case, 7 years.

It looks to my like they have no faith in the company that pays their bread and butter, Its used as a front to cream money from investors via Placings, Subscriptions, and other forms of skullduggery