Member Info for DrPatience

Invested at IPO and topped up during covid, but what a disappointment overall. Return of capital now makes sense, since the private equity model could not be pulled off by various lots of C execs. Wind up worth a great deal more than current sp, so appreciate why people are buying in. Should be easy money...

Purdey, thanks and hope you are right. We need real news though.

I am drip adding tbh. It means I will find the bottom...will not make me a trading genius though :-)

IF they can pull it off, the upside is x multiples, so exact buy price not so important in my books.

Ref selling the business, it's a risk, but would be highly illogical. The business has cash to operate for a while, which means everything is up for grabs, so why sell for pennies in the pound vs the time and money invested. I feel that's pretty unlikely, but we need comms on strategies to get the capacity utilised, as it should be a high margin business based on the current infrastructure. It's all plausible and doable in my view. Good time to buy in/add shares. We do need to hear from the new CEO though. Silence will not cut the mustard!! Honeymoon coming to an end.

Getafgrip, thanks, multiple angles always useful!

$150/barrel is a bit of a a double edged sword though!

May be profit time for those of us holding BP and Shell shares!

New CEO needs to watch the first 100 days...tick tock tick tock. Mind you, his main concern will be the large shareholders, not small investors like us.

Indeed FD20, that's also my interpretation. Even Labour confirmed today on Skynews that they WILL NOT cancel any licences. Messaging becoming much clearer across the board. Good for us, but more work to do for the DELT team. Better sentiments are very good for the DELT negotiating position, so good luck to all of us!!

Rosebank: today's approval is a big thing, incl. for us!! I am not really suggesting it will directly impact our sp, but good for investment sentiments. We still need tangible news on Selene and Pensacola to stop the sp sliding. This may also give Shell additional encouragement to really get things going...

https://www.reuters.com/business/energy/uks-rosebank-oil-field-development-gets-go-ahead-2023-09-27/

non deltic information is regularly being posted to this thread, including:

"the exposé (formerly known as the daily exposé)[3] is a british conspi****** and fake news website created in 2020 by jonathan allen-walker.[1][2] it is known for publishing covid-19 and anti-vaccine misinformation.[7]"

from:

https://en.m.wikipedia.org/wiki/the_expos%c3%a9

i urge everybody to be aware of links to this website and similar websites to be extremely careful not to fall for carefully crafted, often well written, but highly manipulated stories. do your own research and use fact checkers. i have the specific poster on filter, so this may seem out if context.

Nice mention of Pensacola!

"This year, even with a few months and a few well results still to be announced, the discovered resource stands at 130 MMboe thanks to success at Pensacola (99 MMboe) and Orlov (30 MMboe). This means that 2023 is surely the most successful year for exploration across the UKCS in the last decade."

https://geoexpro.com/applications-for-the-current-uk-licensing-round-reveal-a-focus-on-gas-2/

Getafgrip..ha ha!

The biggest concern is the posting of links to sites like "the expose". Unassuming new participants may be tricked into thinking it's a real news outlet rather than complete manipulation and brainwashing. Most people are thankfully aware of the Daily Mail and their flimsy journalism.

Getafgrip, I profoundly recommend the filter!

It's a lost cause...and prevents you getting annoyed every day!

Ps: just topped up, again. Pure guess work if this is the bottom or not.

Thanks for sharing Getafgrip.

I do think sentiments are changing. I also do think we have some brilliant prospects in Delt. GCoS for both Selene and Pensacola are now in reality creeping up towards 100% and I agree reserve estimates typically are fairly conservative and may grow as more data is generated. The issue is Delt cash flow and future commercial viability.

So everything is up for grabs. It's now for the Delt team to pull it off: monetise/farm out/deal make; for me the outcome is almost binary. At the moment we are in limbo. I personally put no value on the new licences (TBC) and the other fringe stuff at this point.

PS: just try anything above a Mickey Mouse trade and you see how the price jumps. MM holding limited stock, I guess. Just got quoted 28.5p for a £xxk buy. Will see next week.

I'm thankful for the green boxes; it's so helpful.

Purdey, I also feel this will come good, although I will also admit it may fall more until/if we have monetisation.

If someone tells me they can predict the bottom, good luck to them! It can jump rapidly on real news and unless someone has insider info, then it's all based on guesswork, not hard facts.

I could say it will go to 10p. If it happens, then I am a genius? No, clearly it would just be luck!

I believe the assets are solid, hence all I can do is drip add! Any better ideas are always welcome:-)

Ps: the daily volumes are fairly small... I guess a lot of wait and see going on!

Thanks FD, useful!

Everybody for themselves - so true! If we have a farm out/monetisation event, we are all good - everybody will be aligned and the sp will jump. The issue is if the Delt team cannot pull it off before the Selene/Pensacola drills. Then we need a serious fund raise next year: double digit millions of pounds. Many investors fear this; I suspect that's also really why the sp is so depressed, as large investors may get a higher allocation (not lower price!) for the sake of speed and making sure funds are guaranteed. Small guys like us don't like fund raises and don't like not getting equal allocation, although we can also just top during the fundraise at the same price. Longer term, a fund raise will further de-risk, while keeping current financial rights in the various fields, but in a much bigger pie. So better for the long term value, but will be messy and probably hammer the share price short term due to fear/sentiments. Hence, safer if we get a farm out like Orca did. Delt already announced they are working on it, so let's see. Until then, a slow drift down, I think, but totally unpredictable where the bottom is. Farm out news would make the sp jump instantly, so that's the dilemma

I am no longer concerned about the political situation. Even Labour will not touch existing licences and we have more than enough to work with.

Bbb: will take your advice and stop poking the green box man. It's a laugh that he keeps posting, himself being the main audience. Clown of the year!

Oh the green box man woke up.

Mainly talking to himself again. Probably drivel and attacks on the many people who are not interested in him.

He used to be fairly sensible before he started with all the conspiracy stuff, the Expose(another man in a shed), the big big Klaus Schwab takeover, etc. Radicalised. Living the dream. The green box man's fight club.

Badprophet, it is a dog of a share actually, but ought to be worth 200+p! Let's see if Mr Wolf is right!

Hoping for an exit within 6-12 months!

Interest rates higher for longer without major recessions should be good and as soon as interest rates come down the dividend yield will look more attractive vs cash!

Oh, the green box man is still sitting in his mirror filled shed living the monologue dream...his very own fight club! Everybody is anxiously waiting for a knock-out!