Member Info for DrPatience

Thanks for sharing GeordieS, worth keeping an eye in this. Sunak saying all the right things!

"The Times reported that the prime minister will use the trip to announce the government will issue 100 licences for companies that want to extract oil and gas from the North Sea."

SE18, hardly a selling spree - check the sell volumes.

MM playing around, assuming something and trying to fuel a non starter/old hat situation ?? Beyond me how this works. I'm long so doesn't really bother me.

I agree Sheephatch! I keep adding when I can.

I expect several sp jumps when...

- we get more licences

- when we have monetisation events

- after the next Selene and Pensacola drills in 2024 (both with very good probability of success)

With more to come going forward. What's not to like?

Noel, they may well be waiting for the heating season to kick in; prices to go up; politically it will be easier to explain why more licences are needed. Of course no one would want to admit to such a plan!!! To be seen!

Sheephatch; right!

It may of course still drift further - up or down - until we have monetisation news. Could be 25p, it could be 40p.

Those who sell now will most likely miss out. I only say "most likely" as nothing is 100% certain yet.

I would prefer another fundraise instead of monetising now, as we would hold on to even more value. I know not everybody agrees!

"Barclays said that it expects a lower net interest margin in its domestic bank — meaning that the bank is likely to receive less money from the interest it makes on loans and from the interest it pays on deposits."

How can such obvious statement surprise anybody?

Big market players playing around to make money in my view.

"C. S. Venkatakrishnan, group chief executive, told CNBC's "Squawk Box" Europe that the expected decrease in net interest margins going forward is due to some customers using their savings to repay their mortgage loans — this is ultimately a positive for the bank, as it reduces the chances that people will miss their payments."

Pretty solid results otherwise in my view, so just hanging on to my shares until 200p +

Starbright, I agree.

1) It's good to have clarity, finally!

2) Work done so far, financially carried by Capricorn, effectively for free, as the licences will come back to Delt (as I read the RNS, Capricorn will effectively forfeit their share in the licences), has helped bring focus on the 2 most promising licences. That would probably have happened even with Capricorn on board.

3) Getting an extension would have been the same, with or without Capricorn, so not a big news item. Always a risk, but the authorities should now be pretty desperate to get things going.

4) Licences P2567 (Cadence) and P2428 (Cupertino) will continue, but $10 million of crucial tech work has already been done; this could actually work out for the better, much better!

5) The current broker valuations are really just based on Pensacola and Selene, so Cadence and Cupertino could be the icing on the cake!!

6) To those who don't understand the opportunity or are just nervous: sell, sell, sell! Others will pick the shares up, no problem :-)

Trek, same here. Could be director buys being built up or clusters of investors or just lemmings :-)

Clearly there is no fresh news yet, unless people have insider info.

I am hoping it wall fall back again, so I can top it up, too (waiting for cash to come in also!!)

Patience will pay off in my view!

Theboyg, I am wondering what you mean by "But the value has been zapped!!!"? Perhaps you could elaborate, please?

Rooster, that may be, but always tricky to find the bottom. I am not really buying, as I have a big enough holding, but I did add 5k's worth yesterday to lower my average!

Trek, buys picking up again. I couldn't even get a quote for a 5k pounds buy just now! Let's see if you are right :-)

Purdey, no idea, I guess it is possible.

This story has actually been brewing since last autumn. Lots of article around.

As much as I am supportive of building out and finding cleaner energy sources going forward, "the transition to non-fossil forms of energy cannot happen overnight." Hence why I am a DELT shareholder, as well as BP, Shell and solar/wind funds like UKWIND and JLEN.

It would somehow be strange that Greenpeace et al would prefer to import gas from places with much less regulatory scrutiny and by sea (i.e. even more carbon footprint). I simply cannot see how this legal challenge can fly. The issue is the demand will not change overnight, this is not a source of supply issue. The government can always change the laws to suit whatever we need to energy security.

We could also just switch off gas and let approx. 23 million households freeze this winter!!

DELT has enough licences already, so it wouldn't be a big issue not to get more, but more is always better :-)

What's your point Noel, that Delt will live forever??

The question posed by Alex Epstein is a very narrow one and just serving his own progaganda machine (i.e. his business). I prefer to not get into this, it would take a lot of effort to pick this apart, as he is mixing in a lot of real sources and data. He does make valid point wrt base and intermittent power generation, but no talk about nuclear power (as I guess it doesn't fit his narrative).

For me the bottomline is that Delt has a business model which is working and will work for some time, as any changes to the energy mix will take time, multiple decades in fact. We also have to realise (and accept) that the energy mix will change, after all fossil fuel is a finite resource which took millions of years to bake. The cost question is actually not that relevant in this context unless you only want to focus on our own life span and completely ignoring other factors such as pollution, global warming etc etc. Of course it's not all about solar and wind, there are so many other things on the go.

Let's talk about Delt!

Purdey, I doubt we will hear anything from Shell re these developments - ever! They are just getting on with their own business, making very good money all over the place and Delt shareholders' desire for news will be the last thing on their mind :-)

PS: don't worry about the price. I may drop further, it may not. However, when it moves up on good news, it will move up very quickly . It's virtually impossible to predict bottoms for this kind of share situations. I have paid too much for some of my shares, but I am keeping my eyes on the long game.

Trek, you may well be right. Hardly any volume actually, apart from a few which may fit your thesis!

I personally wouldn't sell anything at this level and I think many long term holders feel the same.

Noel, I agree. Not a bad strategy at all, the share price is back in drift mode, but this comes with a fair bit of risk.

I think licence announcements may boost the price a little bit (but at the moment everything - apart from Selene and Pensacola - is [unfairly probably]effectively valued at nil, so perhaps not a lot).

The real "risk" is a positive monetisation RNS, in which case the share may jump 50-100% within days. Monetisation negotiations are formally underway, so it could happen anytime...out of the blue!

Hence, I didn't sell anything at this point, but good luck!

Superda, a bit of profit taking going on in my view - which is fair enough.

Next leg should really go to 70p minimum but it probably needs a bit of additional news. The current share price makes no sense, but there is so much fear from politicians (Labour position clarified now however) and allegations that Shell is pulling out of the North Sea (no real substance provided, just people spreading fear).

Not without risk, but that's the game of oil&gas exploration. Also, since we have multiple fields, Delt is not going to be a binary outcome. Even only one of Selene or Pensacola coming through would be worth a lot more than the current share price. Good odds for me, but this is not for everybody!!

I agree! Director buys are important at this particular time. It would send all the right signals.

It could of course be argued that the CEO and CFO already must have assessed the opportunities to be good; otherwise why join? Proper skin in the game is the cherry on the cake!

Richdam, this is what you said only a few weeks ago! It does make you wonder!! So, suddenly the whole thing is a fraud?!

"UNTAPPED VALUE 3 Jul 2023 13:31

Three of my five purchases over the past 12 months came up as ‘sells’

We all know the value of Pensacola so patience is the order of the day. Ie 5 x current market cap

GLA"

I think you should be investigated for spreading unsubstantiated, serious allegations against not just Delt, but also Shell.

I have lots of shares in both, so would naturally be very interested in any evidence of fraud you may have.

I guess you forgot to buy Delt before the good (real) news came out? Not a good excuse to spread drivel and lies, obviously!!