Member Info for deltalo

Mole, I agree with you , i just have to add that we have a 65m carry for phase 2 from calE not 60m, Atb

Only been producing for a year and made £79m revenue from mainly H1, no dud there, we just have to wait a little longer to find out that the drilling has resumed towards its target zone. We already know the gas is there from are H1 well.
We are overdue some positive news now and I think we will get it soon.

H2 was spudded ahead of schedule as stated, they have to announce a halt on drilling as it will push back the timeframe a few weeks or up to a month. I expect two weeks as that’s the usual time it takes. The positive from this is the high pressure oil and gas above the target zone, basically a ceiling on the Rotliegendes gas reservoir. I’m more confident now of high pressure gas flow from the target zone as it was previously stated. Dyor, atb.

Years of research , Dyor

as this setback can be rectified easily and I expect the next rns will state that drilling has commenced again.
They clearly stat on the 06th March spud rns that it will take 3 months to drill subject to usual offshore operational risk’s to scheduling. The company was already prep for any setbacks. I’ll keep moving cash into here as others sell. . Here’s the statement.
The H2 well is expected to take approximately three months to drill, complete and hook-up, subject to the usual offshore operational risks to scheduling.

Just a little delay, it stated that it could be delayed by “up to “ 4weeks, so it could be a lot sooner than that, I see it that having oil and gas above the target zone is a very good sign anyway. I added at 4.5p.

Totally agree with you. This could shoot up at anytime even without news.

I love this company, the potential is absolutely massive, it’s almost impossible to find a new offshore UK gas company that owns a gas pipeline directly to their fields and own the infrastructure processing plant back at Bacton. The gas is then sold on a day before basis’ to BP directly over the road to the national grid. That’s just unique and with a very low cash burn.
No wonder that Warren Buffett is backing us through Cal energy. H2 will be the game changer for this come to accelerate future wells and eventually returns to shareholders “ie” dividend through deleveraging from high gas prices.
Have a good weekend all, back next week as we move closer to the H2 results, exciting time’s ahead I believe. Dyor. Atb.

Not sure your question but the Southwark platform was built for the purpose of being a hub at the end of are Saturn banks pipeline to connect multiple fields after the central hub . Phase 1 was basically to get the pipeline working and producing gas and that’s been achieved.
H2 will deliver over double the revenue, Cal energy has committed to paying 65m for are part of phase 2, that 65m has not yet been drawn down so that’s also equity for the company.
Alot planned after H2 and the central hub so exciting time’s ahead. Dyor

Some short term holders are now selling their shares for no reason but mabe because others are. Their share’s will be snapped up by serious investors and they’ll thank you for them. Idiot sellers lol.
The focus here is that the Blythe H2 well is a safe well to drill as the Blythe field is already producing and that doesn’t need stimulating.
Let the fast traders go as this will soon rise big time.

Forfaiter……. You said yesterday Im nearly break even, don’t be greedy and get out of this dog it’s only for trading , No thanks for your advice as i have said many times before that I’m invested for the long term. My break even is 6.6p as my first buy in was £37 grands worth and average down to 6.6p , I’ll be here after H2 and into phase 2 and 3. “Divided/ deleveraging “ is my goal here. Gl.

H2 is expected to produce between 30-40 mmscf/d , over double the current production from H1,
Game changer.

H2 will target Blythe's central high and is a lower risk well, not requiring hydraulic stimulation as Blythe is a more permeable reservoir

- In a success case, H2 would deliver several key benefits:
o Higher gas production rates, expected to be initially in the 30-40 mmscf/d range from H2 after a period of displacing liquids in the Saturn Banks Pipeline, driving higher cash flow

o Lower aqueous liquid arrivals into Bacton, reducing associated costs

o Increase in ultimate recovery of Blythe gas reserves

The ones who sold at 4.4p on the back of derampers should have the apologies lol,
They must feel gutted now.
Buy and hold for H2 flow test results. Gla

Straightaway that is. dam phone.
Gla

Sell’s are being bought up straight away, 6p+ by midday, all imo.

6p+ coming sometime today imo.
Successful H2 well will see us heading towards 20p.

Thanks Oldapache,
I know that, you know that, but for some reason my iPhone didn’t and so I must apologise on my iphone’s behalf. Atb.

The potential with this company is unlimited as it’s aim is to run multiple phases through are pipeline from asset’s we already own,
We own the Saturn Banks pipeline that delivers gas directly to are very own processing plant at Bacton and sold into the national grid with BP.
We a unique and exceptional infrastructure that’s low cost and very low carbon production facility.
are two platforms Blythe and Southwark are ready to connect multiple fields as and when they are developed.
Please Dyor as usual and welcome,
Here’s an interview from Malcolm Graham-Wood “Core finance”and are new CEO Rupert Newall from late last year. Hope you all find it interesting just like I did. Gla
https://youtu.be/y2G6ff1fxLQ

Exciting times ahead for us shareholders, this is just the beginning.keep buying and holding, atb

1m buy in, someone in the know mabe.
Volume starting to pick up again as we get closer to flow test.