Member Info for deltalo

Moving,
Exactly, the board are now buying in more shares as they had to wait until the final results were out, this is the time to load up as I did say before that the board will reward themselves on delivering shareholder value and so they didn’t get it last time but I expect they will this time, and so they should if they deliver the goods, ie H2 and phase 2a 2b and 2c, I’ll be very happy with the board getting that completed and on stream. H2 will be the turnaround imo. Gla

They can’t try it again next year as LTIP has a three year vesting period subject to vesting conditions over the three year Period.
I’m happy with them rewarding themselves if they return shareholder value by increasing revenue and hopefully in time pay dividend.

Correction, 50m+ that is.

50+ profit from just H1 is not to be sniffed at when the delays in first gas plus the valve problem and the Meg system, all of which is now been resolved, H2 is one of three high’s in the field so why would it fail when it’s already a producing field.
I’m more interested in the phase 2 projects to start so we get are 65m of are share of the project from are partner cal energy.
Phase 1 really was about getting the pipeline running and delivering free cash flow, they’ve done that.
Is H2 replacing A1 as part of the final phase 1 development, most likely imo.
Gl.

Moleinahole,
I expect the good news flow to rollout now ,what do you think?
If it was set at 30p they would still imo get the target price as the company even after all the setbacks last year shows that a 50+m profit is doable with just one well running. I don’t mind them rewarding themselves as long as they return good shareholder value.
So let’s see the good news flow in operations in the coming months. Atb.

This is reassuring that there’s no intention to do any dilution in the coming years.
Get H2 delivered and they can have 20p , I’m happy with that.

Very impressive figures considering we’ve only been producing for a year and that’s with all the setbacks and impairment’s,
H2 as expected will make this company exceptional.
Buying at this level is a steal imo. Gl.

Sp should be well up on the results after all the setbacks we’ve had last year, we still have 32.4m net cash and building cash flow.
H2 will over double are revenue at an extra 30-40 mmscf/d, seller’s will be left behind soon.

I wonder if the 65m that hasn’t been drawn down yet from Cal energy towards phase 2 will be in there.
The company has generated free cash flow after all the capex from first gas so cash positive and potential to over double revenue from H2.
The company is designed to generate free cash flow on low gas prices, So the last year has been somewhat higher than intended.
5p Sp is well below what it was before first gas. Any positive news will fly this up imho.

Could may well be out tomorrow, last year they were out on Thursday 17 March,
First year as a producer so I expect they’ll be good. Atb

The H1 fracture was caused after the horizontal side track in the well, I think that H2 is positioned where a horizontal sidetrack is not needed limiting risk.
H1 should be back on stream and producing either to day or tomorrow.
I expect that’s the seller’s in the 4’s will be left behind soon as they really don’t understand this well at all.

H1 should be back on stream from today, hope the company keeps us updated.

Main focus now is this H2 drill , we’ll be opening the bottle’s of champers if they say the flow test is anything above H1.
All going to plan and ahead of schedule so all is good.
We’ll be back above 20p in no time that’s for sure.

Sorry “Mozax”

I couldn’t put it better myself Mozart.
The wait will be well worthwhile imho. Gl.

I expect the sp will jump shortly, watch this space.

We’re drilling H2 as it’s almost a certainty of success as H1 is already producing. H2 when confirmed that’s the case then expect 20p+ sp as we will over double are revenue and then they’ll be no stopping the high’s in value here going forward.

Say goodbye to the seller’s very soon, they’ll be just a distant memory.
Buy and hold as this will come good imho.

I’ll just say this and if anyone who understands gas fields will know that as H1 was a successful gas well then H2 will be even more productive from H1 data. H2 is being drilled at an even better part of the field to increase production by over double and at a nearly guaranteed success outcome from this well.
That’s my thoughts but as usual Dyor. Atb

Exactly, the sp has drifted abit but it will turn in an instant. I’ll just keep adding