Member Info for draft

u think the markets arent good, this is nothing. if Putin actually does anything which i dont think he will , well if he does your going to see a huge market dip. A HUGE 1

Britain must keep drilling for gas in the North Sea for “reasons of energy security”, the energy minister has said, as the Ukraine crisis fuels fears over Russian supplies to Europe.

Greg Hands said that domestic production gave Britain an advantage compared with European neighbours that relied on Russia for a “huge part” of their gas. It was “important for us not to be increasing our gas imports” at “a time of energy security concerns”, he said.

https://www.thetimes.co.uk/article/north-sea-gas-is-crucial-for-our-energy-security-minister-says-7wnqfzpjd

does go in all this sort of stuff will have a flash crash

where are you seeing the new logo thing?

https://www.express.co.uk/news/world/1565041/russia-war-fears-cyber-attacks-ukraine-invasion-vladimir-putin-uk-eu

a big cyber attack should send the cyber shares soaring (or i was just thinking mm use it as an excuse to crash everything)

https://thehill.com/policy/cybersecurity/594013-us-cyber-defense-agency-warns-of-possible-russian-cyberattacks-amid

I totally forgot how crypto is using up all the energy from the power grid lol, so take the power grid surely Crypto will CRASH!

food and drink mix, thats where the profit is and thats rapidly rising here
people want real live experiences post covid
EMAN can give them that

StockBible@StockBible·25s#DELT @DelticEnergy now a period of news flow
??Rig contract with @Shell
??Selene well investment decision @shell with 1/2 well carry
??Dewar farmout Central North Sea
??3D interpretation results @CapricornEnergy
??Pensacola drill with @Shell May 2022
??Fully funded and no debt

Swindells: Given its existing production and ongoing exploration, I think the CNS will remain extremely strong. That said, I do agree that the SNS, which is, of course, a mature basin—we have been producing gas there since the 1960s—in our opinion, and maybe we would say this as an explorer, has a significant level of further opportunity. There are a number of attributes that make it attractive for people to operate in and investors to come into. UKCS gas is entirely compatible with ESG goals, which are obviously a key component of investing.

There is no doubt that there will be an element of renaissance. To give perhaps the best example of that, as a result of Shell farming into our Pensacola and Selene prospects, ultimately when Pensacola gets drilled in Q2 this year it will be the first exploration well Shell has drilled in the SNS for the best part of a decade. And bear in mind that was historically a Shell heartland. Existing infrastructure has ullage and there is the potential to tie back to existing infrastructure and develop these assets in a very efficient manner.

Do you see any risks around future licensing and the ability to explore for and develop UKCS oil and gas?

Swindells: The case for exploration and appraisal remains strong. We know, as a country, we still need oil and gas and there is still significant opportunity, including prospects that we have identified.

We are already preparing for the next licensing round. The climate compatibility checkpoint consultation was launched by [the UK’s Department for Business, Energy and Industrial Strategy] a week before Christmas and will be running over the course of January and February. From what we can gather, we are very confident that there will be further licensing in the UK, subject to us as an industry demonstrating that future licensing will be compatible with climate change goals.

There are a couple of reasons why we have ended up focusing more on gas—one is that it is an area where we have very strong expertise as a team. Partly related to that, it is where we have been able to achieve the most success, both in terms of licensing but also in terms of bringing in partners such as Shell and Capricorn and really driving activity.
But that does not mean that we have a less positive view on oil. It is important to recognise that both oil and gas have a very critical role to play in the energy transition.
“Capricorn does have a history of opening up and going into new basins”
Certainly, there are factors at the moment that do make gas very attractive. There are clearly issues around energy security and supply manifest in the spike in gas prices. And while a lot of people may view that as a relatively short-term phenomenon—and no-one necessarily expects prices to stay at the current level—there is no doubt there has been a longer-term structural shift in gas markets and pricing. You can see that now in terms of the forward curve, which is sitting at 60p/th and above, and in the long-term pricing that both oil and gas analysts and reserve auditors are using.
We have only recently been awarded Syros and we are still working it up as a farm-out prospect. On Dewar, we were well into the marketing when Covid hit, and that process had to be effectively parked with the crash in oil prices. And right throughout last year, a number of companies focused on oil went through restructuring and a lot of their own internal projects were put on hold, which made it somewhat more difficult to effect the farmout of an oil prospect.

That said, Dewar is a relatively straightforward Forties sandstone prospect in very close proximity to the Etap infrastructure with very strong economics. In our view, it remains a very attractive proposition, particularly for anyone operating in and around Etap. We have started to see a significant level of interest returning and we remain optimistic about bringing in a partner or doing a deal which will ultimately see that prospect drilled.

Does Cambo threaten to have any lasting impact on the attractiveness of developing UKCS oil?

Swindells: We should be careful with how much we read into Cambo. It had a unique set of circumstances—at one point it felt like it was the world’s best-known oilfield, and it had not even been developed yet. I do not think that Cambo, in isolation, should be taken as a measure of the level of investment interest in UKCS oil prospects and developments.

Is there any chance that, with greater appetite for gas, interest in the SNS overtakes enthusiasm for the Central North Sea (CNS), often described as the basin’s ‘engine room’?
Swindells: Given its existing production and ongoing exploration, I think the CNS will remain extremely strong. That said, I do agree that the SNS, which is, of course, a mature basin—we have been producing gas there since the 1960s—in our opinion, and

What drove the success of the ­Capricorn farmout?
Swindells: What we have is a group of five contiguous licences stretching over the best part of 3,000km² of the Mid North Sea High on the northern edge of the Southern North Sea (SNS). We built up this really strong strategic footprint over the last couple of licensing rounds. The centrepiece of the portfolio is P2428, what we refer to as the Cupertino licence, although the Cupertino carboniferous prospect is only one of three that sit in that licence—the others being the Plymouth Zechstein Reef prospect, the initial or primary target, and also Richmond, which is a classic Leman prospect. The beauty of that particular licence, why we like it so much, is that it is effectively at the intersection of a number of key play fairways and there is prospectivity across multiple geological levels.

“We should be careful witha how much we read into Cambo”
For the farm-out, there was a significant level of interest, and we were fortunately able to make it a competitive process. Why did we ultimately end up going with Capricorn? As someone who is not currently a player in the SNS, Capricorn was very keen to take a footprint in the basin.

And it became evident very early on that, in terms of a basin entry, it wanted to extend its interest beyond just that of the Cupertino licence, which led us to discussing the rest of our portfolio in this area. So, we ultimately extended the farm-out to include the Cadence licence and a group of three licences that sit between Tolmount and Breagh—which we call South Breagh—where there is significant additional prospectivity.
We were delighted to partner with Capricorn for a number of reasons. We could have gone with others, but ultimately, we like the fact that we are bringing in a new entrant, one that is clearly an organisation with a strong commitment to exploration historically. And while without an SNS footprint previously, Capricorn does have a history of opening up and going into new basins.
As part of the farm-out, Capricorn made a commitment to shooting new 3D seismic over the area, which it did immediately following the announcement of the deal. That is being processed, and we will see and review the data outputs from that in Q2 of this year, which will inform and hopefully allow us to fast track getting to a well investment decision.

Is there any difference between what has been a very successful process on the gassy Cupertino area licences and the discussions and pre-discussions you have been having around the Dewar and Syros oil prospects? Any feeling that UKCS gas is easier to do than oil?

Swindells: First and foremost, I want to be clear that although, clearly, we have a portfolio which is more focused on gas, I would never suggest that one is better than the other. We do have oil assets within our portfolio.
There are a couple of reasons why we have ended up focusing more on gas—one is that it is an area where we have very strong expertise as

https://pemedianetwork.com/petroleum-economist/articles/upstream/2022/deltic-retains-exploration-enthusiasm

theres probably a few reveals in that articles but u have to pay $3,000 to access it.

Deltic retains exploration enthusiasm
The UK independent has successfully brought in partners and is gearing up to drill
Exploration has been something of a dirty word on the UK continental shelf (UKCS) in recent years. But AIM-listed explorer Deltic Energy is confident there is still economic oil and gas to find in the basin. And it can point to the persuasive power of its argument, having successfully completed farm-out deals with Shell in 2019 and with UK independent Capricorn Energy—then called Cairn—last year. Petroleum Economist spoke to Deltic CEO Graham Swindells to find out more about the attractions and challenges of growth via the drill bit. What drove the success of the ­Capricorn farmout? Swindells: What we have is a group of.......

when did these guys last do a placing?

if USa will use the Ukraine psyops to pull the plug on the USA energy grid. and blame the cyber attack on Russia

2
16:42 I think much of today's interest in this stock may have come from a Buy suggestion published today by one of the ADVFN subscription newsletters.

when they dropped this for no damn reason last week from 50p+, ******s

https://www.telegraph.co.uk/business/2022/02/10/britain-import-70pc-gas-north-sea-reserves-run-dry/

https://www.express.co.uk/news/uk/1564311/oil-brexit-britain-import-gas-north-sea-reserves-latest-news-ont