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Draft...this is only falling as the market don’t know the numbers. If / when the offer comes it will move up. Both companies will be in talks to understand the synergy and a value level that might do a deal. Our main shareholders is not going to allow a crappy deal

Offer tomorrow on the cards

Understand all the frustration of not knowing the unknown but we should hear something this week on the t/o. Just hope it’s on the side of 3p as apposed to the 2p

Mike I would post the email here but not professional to do so. Both shell and Delt are working on the detail.

Be nice to get a bid out and at least we know where we stand. Like I say it’s win win for Delt at these levels

Mike I have been speaking to the board about Pensacola and that is coming in the near future

Major Iog have a good asset but the reserve base is very small. They need the exploration upside from Delt and Selene seems a banker.

Have any of you cottoned on to the two new blocks abutting the north of this target? In today’s rns it now mentioned they believe the Pensacola target extends when looking at the seismic data. I am sick reading that Delt need Iog.....Iog want the takeover not Delt....fact

Delt don’t need IOG.....you are looking at them.

Good solid rns that. Hopefully we build from these levels

Iog and Delt will be dominant players in the North Sea. There may be some hard playing but 3p would Close a deal I think.

Agree mike. 3p would be nice but 2.5p would still get my vote

Good post major

Mike they want the T/O not us

At £25k chunks online. This is moving back up

Delt are not going to accept an offer sub 2p and don’t understand why ppl are selling. I am holding as all will come clear soon.

It’s going to go crazy mike

Good point this will probably get bid up next week and maybe deltic could put some other news out. The sp was and still is way undervalued to be honest....next weeks going to be crazy.

They arrive tomorrow I think mike

Agree that nobody wanted this when I was buying a few weeks ago. That being said this is aim and this could go anywhere