Member Info for DrPatience

Although the corporate presentation perhaps doesn't offer any new info as such, it is positive the company is improving shareholder engagement. A few clues can be found. Clearly, work is ongoing and if they are negotiating ways forward, as they surely are, then we will only know once a deal is done. That's perfectly normal business practice.
There is an opportunity to submit questions in advance of the presentation through the "Investor Meet Company" platform. I am sure not all questions will be answered, but it is an excellent opportunity to show what's on our minds.
I would encourage SERIOUS investors to do so.

Fairdealer, I agree shares should be consolidated big time. Some trades are so small that I am wondering what people are doing. This share will be a multibagger, 2-10x perhaps depending on how things work out, but not 100x, as some penny traders perhaps dream about!!

Well I have just added 439684+689883 shares, both will show soon. Call me a fool next year. Doing this for the right risk/reward level, in my opinion!

The company is in the best position it has ever been in, far better than when it traded at 4 pence. Excellent risk/reward profile at this level.
Pending concrete, positive updates on plans for Pensacola and Selene, this will jump. Before that, it seems to be trading almost randomly, although I feel this price level is a floor. Just a feeling based on self and others happy to add for a 1-2 year hold.

Wise words Noel!
I'm generally a "long" investor, trading on facts, risk/reward assessments, macro trends etc, but can see looking at past postings that you have skills within chart reading. Will follow you with interest! Always good to have another angle.

Fairdealer, it's only a dilution if you don't add yourself concurrently. The result is the same as participating directly, but I also actually agree with you that it is better to invite all investors - it's feels like the right thing to do if they want all shareholders fully onboard. It's more of a psychological thing.
I may write to them.

Fairdealer, hands up, I don't know enough about what happened under Cluff N R.
The recent fundraise did not give those subscribing an unfair advantage, as the subscription price was in line with the market (+/- close enough I believe). I actually also get irritated when not fully invited, but I also do understand why a company would want certainty and speed from anchor investors. It's irritating, but not necessarily unfair. They all paid - in real cash - a fair price for the extra shares and we could just add by buying shares on the open market (which I have happily done). Indeed, add now and you get a much better deal than they did. Hence, I feel my point is not flawed; interests are ultimately aligned (at least in the context of Delt).
Executive remuneration is another tricky topic. Just look at some of the big banks!!

OK got it, Machoman!
As far as I know, interests are fully aligned; both shareholders and the management team (through shares/options) will benefit. It is in the interest of everybody to make the cake much bigger!
I really do not subscribe to some sort of illicit, secret plot to kick ordinary shareholders out.

Indeed Noel, spot on!
Those trading with 5, 10 or a few hundred pounds, maybe. Actually, I am not really sure what they are hoping for with such small numbers. Odd!

Machoman
I am holding and adding when I can, some are clearly selling at this low price. Unless you have evidence of market manipulation by the MM and/or others working in some sort concerted, manipulative way (illegal, as you know), I still feel this is just low volume trading ...day traders, people trading without money or just nervous investors who thought this would be a get rich quick scheme. I see no real reason for this high level of volatility based actual information in public domain. This is not a low risk venture, but the upside is massive. This risk doesn't change materially every day without any real news from the company.
If you have any concrete evidence whatsoever on organised "pump and dump" or "poop and scoop" going on, then I am sure people would be interested!! Plenty of people spreading false information, but I feel they work for themselves.

Incorrect (old) data / such big changes would not happen by stealth/ without regulatory statements

Sub 2 p perfectly possible, I agree, but that has no relation to the future prospects in my view. Day traders or nervous investors, rather than some sinister, hostile plot, if anything.
I cannot see the external anchor investors walking away without a decent multiple on their investment.
Fundraise a possibility, nothing wrong with that as it would merely preserve our economic rights in a potentially huge upside. Farm down more likely. I hope the management team doesn't fully sell out too early to the likes if Shell. Better to wait! Patience, all!

Fairdealer, Bubble, Noel:
I am new here and have every interest in engaging with all serous investors. I hope you somehow can bury the hatchet, whatever happended in the past. At the end of the day we all want to make money and the more constructive we are, the better chance we have of making informed choices.
I have no time for those spreading false information, rampers/derampers, etc etc. I have already noticed a few and I am really unsure why they are posting, some of them very frequently, and what their motives are apart from market manipulation. They wll eventually burn their fingers though, especially those trading with money they don't have.

For me this is one of the best oil&gas prospects around. High risk, but also potentially high reward, just needs a bit of patience and we need to let the management team go through the processes of project development and dealmaking. It cannot be rushed, it is as simpe as that.

Have a great day and good luck all!

In reality just a brief time-out /pause if the prices move more than a set range. Doesn't really affect you unless you are trading in that moment. It's a safeguard.

A bit more here: https://aim-watch.com/project/price-monitoring-extensions-explained/

Bubble, please correct me if I am wrong: it was my clear understanding that we already have a farmout deal with Shell for Selene.
I trust this field is actually further ahead than Pensacola in terms of exploitation, "merely" waiting for "Permitting, Site Survey & Well Planning", implementation approx. 1 year from now. Lower risk than current status of Pensacola and probably bigger and with bigger share for us (50% unless we do a farm down deal)! Floats my boat!!
Source: https://www.delticenergy.com/wp-content/uploads/2022/12/Corporate-Presentation-Dec-2022.pdf

Bubbles, agree wrt share price movements.
Patience is needed. The recent announcements concluding the first drill (super positive, but only "so far so good"), is followed by a lot of analysis and forward planning work. It was merely one further step in a process which could take many months until we have full clarity wrt commercial viability.
Surely, the team will also be considering how to fund the next steps, most likely give up a small part of the 30% economic rights in this field to continue or offload in full and reinvest in Selene. A lot more to come, but this needs patience!

I'm quite puzzled why anybody would want to sell at this level. However, that's for each shareholder to decide; it's normal supply and demand unless you believe in some grand conspiracy. Good for those adding shares in my view!!
Agree it should be around 3-4 p, pending further news.
Several people here are frequently calling out for RNS' from Delt whenever the price moves. Why? There is no need: volumes are very small and there is nothing they can do about daytraders, rampers and derampers. Delt should focus on real news.
I would rather have them spend time on dealmaking, hence creating genuine value for medium/longer term shareholders.

Quite a balanced overview, Derrik, thanks. Summed up by: "a great start", more work to do, more money to spend. That's entirely fair because that's the reality! (and perfectly normal for such an exploration).

The JV will know a lot more than the presenter and I am encouraged by the fact that Shell and One Dyas seem to be pushing ahead with this. Both are great partners for DELT. The commercial viability to be demonstrated, but I feel the odds are better than ever.

Exploration,
It is good to consider all risks, including the risk of DELT defaulting the JOA with Shell. Just like you consider the risk of more windfall taxes, revocation of licences, etc. However the deafult issue belongs in my basket called "very low probability = unlikely to happen", albeit the theoretical outcome could be fatal for the business" . First of all you don't know what is in the JOA; Secondly, you are making an assumption DELT cannot convert/sell off those liabilities or raise the cash (either which they surely are working on right now); Thirdly, any arbitrator or court in England would give consideration to the value within the venture vs the default amount and the fact that this is a contract between unequal partners. Plenty of legal nuances to this. Finally, and probably most importantly, do you really think Shell would pull this trick and destroy their name as a reasonable busines partner in the market, plus destroy the Selene venture? I hold both shares, I really don't think this would happen.
The real risk is the field not being commercially viable. That risk is now lower than before the drill, but clearly there is still a risk. Even if the first field is not viable, we still have potential upside from Selene etc. At this price, we are talking close to a free option in my view, so hanging on to what I have and actively adding. I really don't know why anybody would sell at this level. Day trader circus, possibly. This is not something the management team can control, it is a free market. They could improve their comms though. As said before, if the risk is too high for you, just sell and move on. It really is that simple.

SnoopDoggy, I am new here and actively buying. I have been waiting for years at the sideline and actually had expected to pay a lot more to get in at this stage. I am sorry for all these years of waiting for you. Oil&Gas exploration is rarely a get rich scheme, but likewise 10 years is also too long. The time is ripe now though and I can only look forward. I have no real opinion on the management team, apart from giving them some credit for signing deals with Shell. I am no Oil&Gas exploration expert, but work in the industry. Rest assured, getting a deal with Shell is not easy and takes skill + you need having something they are really interested in. Can the management team convert this now - to be seen! Delt does have technical skills in my view and do have some potentially very lucrative licences. They could be worth a lot or NIL! That's the game.

I can only repeat my previous comment to you (this time without the double negation...): If you are a disgruntled employee or ex employee, take your feedback directly to the company. If you really do not trust the management team, DO NOT hold the shares. Always a golden rule!! Unless of course you think change is imminent (doubtful as anchor investors seem to trust the team). Just cut your loses or realise your gains, then move on to other things.