Member Info for oilriches

Major. Delt will need to be realistic to current market conditions and future prospects with merged group. Iog are taking far too long here

Hi major. I think the Delt board will be open minded on the wider benefits of joining forces and accept a good premium to today’s price. The current sp does not suggest a 150% premium is going to be offered.

Mole you have to realise IOG is illiquid and attracts little interesting in the market with current operations. The production profile will throw off cash for a few years but the decline rates are significant in production. Iog have a very small reserve base. How will they replenish these reserves? Where is the growth? The market is generally unimpressed with the current composition of IOG. Delt can wait but there will need to be an offer of 2p to have a chance of happening

Obviously the ppl that have sold are changing a position of positivity to negativity to suit an agenda . Is the market always correct in its pricing? Does the market know the value of an solicited offer? I’d say not

Desperate when I’m 40% up on paper....think not

On a discovery on any of the two shell blocks it’s 15p +

Makes it easier sometimes to get even....understand the position though.

Why didn’t u average down mike at 0.7?

Agreed. Who would make a t/o bid at silly levels after rbd situation? As a min I think they have to offer 2p. Would be frustrating to have waited 4 weeks and no offer being made.

Reassuring they want to focus on the North Sea https://oilnow.gy/news/shell-looking-cut-upstream-operations-by-40/?fbclid=IwAR1HV9PmwtBuCDbfm_4rihns1RrdKqjO44P4TKM_srn0EdvMhS791Ngpq6w

We could do with them putting an offer in. If they want our assets I think they need to gauge the collaboration between both parties and start at 2p

Where next for Delt?

They are talking before making an offer and I think they would have walked away by now if it was a non mover. Expect them to offer 2p for starters

I think 2/2.5p will be acceptable for both parties with future growth potential.

Being filled. Can sell £15k but won’t accept a £2k sell....strange

Back to the 1.3s today?

Christ, we will probably have covid by them.

While market was down today. Hope this offer comes out this week.

I do see this T/O happening. Even at 2p I’m happy to shake hands and go

Mike what is happening? Looked at the posts earlier it sounded like u give up.