Member Info for DrPatience

And one more; not making judgements, but just wondering since I am relatively new to this forum. Thoughts on the agenda/rationale anyone?? A few people have clearly burned their fingers, but what's the point of spending time here if you are no longer interested in the share? Day trader games???

"anley: AND the following is from one of his recent posts to prove THEREA DEAL.............

"Funding for Pensacola appraisal by Shell jeopardized"

"Funding by Shell for Selene depends on new ownership of Clipper/Bacton export system"

"Funding for exploration by Capricorn unlikely unless new partners found to take on Capricorn’s positions"

Not a great deal of substance in these remarks but they need to be made clear by the Board of Deltic." (End of quotes)

Interesting post ADVFN/DELT:

"herealdeal25: Exploration on LSE

As I always have said about this fella, do NOT trust him, he has a massive agenda, anyway what he spouts are lies, he is playing a game as he knows all Oil & UK Gas companies are playing a massive cat & Mouse game with the Government right now, stop drilling, say you are walking away, and let them change the tax regime! She’ll have only just come back to UK waters after being away for so long with these drills they have with Deltic,

Exploration you’re a Sad Sad man ,"

Cookoo,

No one had preferential rates a"in the previous fundraise, so you could have added at the going rate. No insult, although I also prefer all shareholders are offered the same rights.

I conclude you don't have faith in the company and its management, have no shares and no interest in buying shares going forward.

You burned your fingers. Sad, but it happens. Just take it as a grown up and move on. Clearly no point you making comments here, why waste your time?!

We can touch base in a year's time and if you are right, I will also take it as a grown up. Good luck to you and all!

Cookoo,

I am not saying there will be no fundraise!! I actually don't mind adding cash in another fundraise, so what? (if invested properly to upvalue assets)

I AM saying the share consolidation has nothing to do with fundraises. Happy to bet about that, but not sure how it would be proven either way?

I am not wearing rose tinted spectacles. I am a grown up willing to take risk using my own money. Delt risk/reward works for me. If the share goes to 0p, so be it, I don't have all eggs in one basket. I am happy with the risk vs potential upside which is huge. I will however be disappointed if this is not a multibagger within 1-2 years...

Cookoo, since you have no interest in the company: good luck to you, too!!

I support the consolidation, even suggested it in the past to the company.

It's more of a psychological signal, and clearly has nothing to do with any future fundraise. It's not a sell signal for sure. Wait for news, that's my approach. It may not stop those day trading and/or those trading for silly, low amounts, but hopefully they will eventually go away.

Exploration, likewise, thanks for your views. It's good to have as much info on the table.

We do agree on several things though. I guess we disagree on the judgement on Deltic's prospects.

I do believe Shell still intends to proceed with Delt. If not Shell, I think other doors will open.

Capricorn is a question mark.

For me the risk/reward profile suits me, but apologies if you feel I am painting a rosy picture. This is a risky investment, but with high upside.

If you believe both Shell and Capricorn are pulling out, then you should clearly not be invested. If you believe in the DELT venture and believe they have a good chance to monetise with Shell, Capricorn or a.nother, then invest. It's fairly black and white, I think.

Have a great day!

Exploration,

Ref "Shell (and BP) have only produced super-normal profits in recent months because they’ve scaled back exploration and project developments."

Not really sure I agree in this context. Whatever they do or don't in the North Sea will take years and years to feed through to their results.

It's entirely possible that the North Sea is not the most attractive place for global players like Shell and BP; and that we will see new entrants. Nothing wrong with that! Delt will not be one of those, that's not the operating model. I am personally doubtful we will see a big pullout by Shell and BP, certainly not as long as they have very attractive tax deductions for investments...and as you say, when there is opportunity to use existing infrastructure.

If Shell really wanted to pullout, why even bother doing anything on Pensacola and Selene. I understand they are actively engaging in both.

No 2, after what happened in Ukraine, no UK government can afford to ignore energy security. UK is particularly exposed with 20+ million homes using gas, a lot of electricity being produced using gas plus industrial use. The uptake of heat pumps is very poor and hydrogen is NOT a contender for home heating. Substantial amounts of natural gas will be required for many years to come in my view, although clearly not forever!

The Tories needed to be seen as doing something (hence windfall taxes), but have maintained very generous investment tax benefits and still went ahead with the latest round of drilling licences. If/when Labour comes to power, they will probably keep some sort of windfall/penalty and may stop any further licence rounds, but only a fool will destroy the industry. Labour have said the industry will have a crucial role for many years to come; in parallel with the transition to other sources of energy.

We already have enough licences in place for Deltic to become a very successful venture. Also, the value of gas used in the various projections by Deltic and analysts is quite conservative, hence the Labour threat is not existential, albeit we clearly need to keep an eye on it.

You cannot expect the Deltic management to make any comments or replies here. The recent meet the investor event was useful. Questions were invited and answered. You can always write to them directly, but they can clearly not divulge insider info. RNS' are for that. I'm confident they are working hard in the background, so I am personally just letting them get on with it and will await good news in due course!!

No 2, my thoughts below (FYI I also have a decent position in Shell).

Shell is like a mercenary army...they work anywhere with good profits!

However, I cannot see them pulling out of UK, as much as they like to send signals of unhappiness from time time. This may be part of it, but I believe this is more an issue of the project being one of "the weakest links" in their UK portfolio, for various reasons:

- This particular field is controversial due to it's location - not ideal for Shell's image and a distraction.

- Infrastructure costs will be substantial and the business case may be tricky. They sited this themselves, which in a way is a bit odd when you are trying to sell something!!

- They are not the operator.

- Minority share, not in control as they prefer to be.

I don't think this has any impact on our Delt projects, perhaps only for the better, actually, as the Delt fields are better locations (close to existing infrastructure etc) and ticking more boxes on the Shell project selection list!! That's not to say they would never offload the projects, but I am not concerned at all, as the underlying opps are super promising and becoming more and more valuable as they are de-risked!

Why and when may one ask?
For me it is a buy due to the ongoing, positive turnaround. They are in great maritime segments and good at what they do. So why sell now, when there is more potential for them to get refocused and properly back on their feet??

For me it is also a bargain. It's already a positive turnaround story with more work to do, but just wondering what a sensible target level is? 800p ?!?
Most broker ratings are way out of date...

Nice entry JackD!
Well, I know what I'll vote for :-)
Only upside from here, although it may dip slightly for no particular reason in the short term. Further positive RNS' to come!

All good, but who knows with Barc?!
If they can behave themselves for a period without any new scandals, I can see this creeping slowly above 170-175; followed by a clear run to 200+.
It's really a solid bank and worth a lot more than the current price. I'm holding with patience!

I agree. Still time to top up!!
The the current move probably suggests Glen ultimately is willing to split the business with or without Teck. Both scenarios will boost the SP, but with Teck it may be more significant. I would rather be surprised if we are not around £6 (equivalent) max. within a year!! Nearer £7 would be my dream scenario.
The business is really in a great shape and with good future prospects. Still a bit of mileage left in the dirty stuff and a very very bright future for metals, powered by the energy transition. A split will attract hordes of new investors also, as many will not invest due to the dirty stuff.
Good luck!

I personally disagree. I have bought in large blocks over the past year and whether I buy 100,000 shares or 5000 shares will make no difference; and I had no problems buying or selling at any point.
The consolidation may weed out a certain segment of traders plus those trading ridiculously low volumes (like a few hundred shares). The latter is just noise: false liquidity!! This consolidation is only a good thing in my books!

No worries at all, an easy one to make!
Yes, it may well be widespread.
Rest assured anchor investors will be very unhappy with the current abnormally low SP, and will welcome the consolidation. It's part of growing into a proper, sizable company with a meaningful market cap.
Good times ahead!

PS: current shares are 0.5p each in the books. 20 X 0.5 = 10p
Those selling on this misunderstanding are way off track. If you sell for other reasons: fine! (although much better to wait, this will go places in due course)

Sorry, you have completely misunderstood this. The 10p denomination is the register value/for the balance sheet. The 10p is not linked to the current or future share price.
Everybody will hold exactly the same % share of the company (with a bit if fiddling required to make sure you can divide with 20) afterwards.
This is done to take the share out if the idiotic penny share arena! It's a very welcome move and we should all celebrate.
This is a good day!

That's excellent news. I and probably many other shareholders have raised this, incl at the recent meet the team event. It seems they have listened = good!
This has nothing to do with dilution or future fundraises. They are already working on monetisation events and if more money is needed in the future, so what? It will only increase the value as further investment equals futher derisking.
As a matter of principle, ALL investors should be invited to subscribe, although no-one has been given preferential prices in the past, so technically above board, despite what many are saying in this forum.

Great and honest insights, Noel!
I feel the same. Once it pops, it will be too late. I'm not selling anything at this point.