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Europe including the UK is seeing a continued growth in Imported LNG.

Our Politicians do'nt want us to know just make Headlines as to how Net Zero is being achieved now ALL North Sea production has ended.

It is worse than Lunacy

Went for option 3 ( total cash) which we know would be scaled back.

II have credited my account with an amount of GTE shares some 100 less than the pick and match. NO cash yet for the main part, beleive it is due on the 10th.

PI's need to check their various accounts to see how it works out

Starmer is in for a rough ride. Good

Good news (Trump) for us.

There are a number of scenarios all under the diminishing cash at bank. The company could sell it;s interest in Selene to releive cash burn and invest in whatever Foreign opportunities AN has in mind. The problem being interestered Buyers will know Deltic's cash strapped position and obtain a bargain.

The company could have a significant Fund raise to keep Selene.

It is a conundrum where Shareholders must realize a true value for their investment.

Let's hope Nunn does a better job than Swindells.

Mhow, thanks for the link. This becomes more and more appaling and do wonder at what point will the Exchange Regulator, and others, become involved in the affairs of TGR.

Does anyone know if Shishir still living in the UK?

In relative terms infrastructure costs are relatively minor as Selene is very close the main subsea links.

This is an issue where Exploration can provide some expert information.

DRJJ, been saying exactly that for a while. As I see it there is one enormous obstacle, Shishir, who wants to keep full control.

Any willing funder will want a significant say on the Board. Sovereign Wealth Fund have been in the frame for months, why the delay in achieving Funding?

It is not Rocket Science.

After next week's budget Traders( Rampers) are likely to become an exstinct Animal. Make hay while the sun shines as the deluge to come will make muck quicker than anyone can say Gordon Bennett!!

IMO

Read Exploration's post thoroughly

"but when/if developed and in production deltic’s 25% might be worth >$500 million."

Exploration will further testing be undertaken? The RNS states the JV will go straight to field development, for which on the basis of your analysis Deltic Execs will know potential cost apportioned to each Partner.

A projected valuation of £10m is unlikely to reward shareholders much if at all.

Exploration reading your elaborate analysis of Selene, the field does have significant gas and therefore value.

Your last sentence could indicate low or no value to shareholders who have been extremely patient for several years.

Do you consider this an imminent reality?

David could it be Deltic has become a dormitory for useless Execs until pension arrives or another gravy train arrives?

Admitted Penscaola does not have the infrastructure Selene does, it made no sense to give away the asset and even worse rubbing salt into the wounds, we have to pay residual drilling costs to Shell, who no doubt just bank the asset until the Political landscape changes, which it will when the populace suffer blackouts and low heat.

Always considered Swindells was out of his depth, much to our cost.

In less than a week we have learnt more from Andrew Nunn than Swindells did in the last year.

AN is not exactly a "new broom" but he is sweeping clean and giving long suffering Holders hope.

"Several companies interested to Farm-in Selene", makes one wonder what swindells was doing for 3 years letting Pensacola go?

Even though managerial costs are reduced 40% in 2025, any venture into Foreign territories is likely to require funding, hence Canncord coming on board.

At least the New CEO is making plans to give Shareholders added value.

Again what the hell was Swin dells about? Good riddance too old rubbish!

A complaint coming from a Greenie who is living very comfortably thank you and too hell with others of her generation who may well die from hypothermia. This should be on her conscience, doubt it will as a self serving individual who understands little about long term climate changes.

With such an attractive and undoubted potentially profitable business, it is remarkable that funders are not breaking down Shishir's door. Sovereign Wealth fund have been in the frame for a considerable time. The barrier is likely Shishir who wants complete control. No Funder of the proportionate scale needed will invest without a Board Room presence at least and more. Prossibly replacement of the CEO.

Shishir is the stumbling block without doubt.

Alliance news state he resigned?? Rare if ever do CEO's resign without a notice period. He was definately pushed. Next stop Labour Exchange!

Not sure of his remuneration, which at least should be a significant saving.

Suspect the immediacy of his departure signifies a push rather than jump. The market is bound to react in a way seen probaly concluding some sinister outcome to the Selene drill. This is pure speculation as any results of the drill are unlikely for some time yet.