Member Info for oilriches

Major I do agree in part to that. I would love to see 3p but am struggling to see anything near that value. If there was to be a monster bid....I would expect the sp to move in advance of such an offer

When has the board mentioned 3p? What u need to realise is 2p won’t be its value but it will be part of a bigger group. Lord spencer won’t be losing anything as the assets will be in the wider group.. lord spencer only owns 16% and there are another 84% of voters.

Fair dealer keeps talking about 3p

Plus MS won’t have a choice in the deal....they will be looking out for what it means for then. 3p was paid at much higher oil price be it the company has moved forward.

Fair dealer I too can play the long game. U need to be realistic the board and major shareholders are not interested in me and you. The share will recover and I am optimistic about its future but for you to think they are going to pay +150% premium is just misleading. U will probably see next week that they will take IOG arm off for 2p

I don’t agree mike. If Delt had not of raised the money then they would be doing it now sub 1p. Very strong position to be funded for activity of 2 wells. If T/o don’t happen these will be 5p + pre drill results on Pensacola

Fair dealer if u think the big players in Delt will reject a reasonable offer with prospects to grow u are deluded. 2p is a 60% premium and would be accepted. This takeover is a perfect fit for both.

1.8p is still 50% from here. I’d say the likelihood of an offer is greater than not.

Delt is worth much more than 2p but that’s the value I will support for a deal

Tend to agree this needs news to fly

It’s about current price and Uplift to get deal....weeks ago the hope was the sp would push on but not the case. Eitherway I hold as the future is bright

I am saying nothing....wait

Major I think it’s a 2p bid.......id take it tbh

Agree major Thomas. I don’t fancy holding these for a few years mind.

Draft. These levels are too low to be honest. Offer was announced on the 11th and we were 1.55p. We should return to these levels shortly and maybe tomorrow as time for an offer is closing in

I am finding you to have very volatile behaviour. Few weeks ago you were telling char and hur to sell and buy Delt. Have some morals please

I know a few reliable people and they advise it’s all genuine and an offer is likely to materialise but value not known and if it will be accepted. Personally the market jitters in the last week and market has forgotten this.

For clarity mike I am not desperate here...holding for the big rise. It’s coming

Here

It has to be at least 2p I would say