Firering Strategic Minerals: From explorer to producer. Watch the video here.
Absolute joke this company in all regards.
South East 18. The well investment decision today was excellent news for Deltic Energy. The Pensacola well has moved from a GCOS of 20% to 55% and I think it’s very likely to get confirmation of Selene with GCOS of 70% on back to back wells in 2022. The market was muted by the 6 month delay to drilling but expect a re-evaluation of this by the market to move sensible levels. Deltic are fully funded for both wells with shell uk with a hope will lead to some life changing gains. This must be the cheapest oil and gas play on the market
Cluelesstim Check my posting history here. I am rarely wrong.....these will start a re-rate in the near term. Anyone that sells on today’s news should not be investing, unless they are booking profit or need the money.
Agree southeast18. If they didn’t confirm the well for drilling, I’m lost with all the logic of commencing well planning and design in November 2020 and reiterating to Deltic and the oil and gas authority they will drill. Stranger things have happened but I can only go by what information has been put out. GL
There is the proof “ through the Ruvuma PSA Joint Venture, is committed to perform the following works during the extension period:"
· Acquire 200 square kilometres (surface coverage) of 3D seismic (min. expenditure of US$7 million)”
Why would you spend a penny until you know you have confirmation u have not defaulted on licence terms. They need licence until they spend a penny
If anybody on here thinks any central government In Africa moves quick you are deluded. There is going to be change with the new president for starters. Again why have scir not farmed out? For the same reason of uncertainty me thinks.
I think we all need to keep our feet on the ground here. The rise is a technical bounce on strong interest and volume. Fact of the matter is we are still in limbo with the licence and working capital position. Why do you all think scir have not farmed out or works commenced on 3D? They want the licence first which will drag on. Medium term this is a stonking buy but far from short term.