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It’s going to have to be a good offer from IOG.....Selene has been derisked with shell and it is a far bigger structure that the Iog production asset. That being said there is a degree of risk at 70% GCOS. Pensacola is another asset shell are all over and £13m cash. In addition to the other 11 blocks. RBD was dismissed instantly and the company has moved forward since july

What do u see as the offer exploration? If they are serious about this I think it’s going to cost 3p a share

https://www.oedigital.com/news/481624-iog-ponders-deltic-energy-takeover-bid

Mike expecting them to get the offer in ASAP. The risk is the shareprice will get carried away with all the speculation.

Is going to be a frenzy. I am expecting heavy buying volume I.e £5m plus traded for the day

This has 3p + written all over it.

https://twitter.com/davidburton1971/status/1304677660296085506?s=21

I am long here and hope a 3p deal falls through as this is worth way more

Fair dealer. Why do u think I took a big holding last week. I personally think another player will come in here

Will be 2.5p I think

I think more like sqz

Looks a stonking buy at these levels. Just wait until drilling is confirmed with shell

That’s coming next week I think

Hopefully we can clear 1P and move into the 1.2p area

https://www.heraldscotland.com/business_hq/18644739.potential-north-sea-prospect-shell-bought-underlined/

Fair value before a well decision for commitment from shell has to be 2p. £28m market cap that has ~£13m cash and an enterprise value of £15m. This is peanuts with a JV of shell and fully funded for the two drills.

Malcy would say that as they are not engaging with him

I will go for 5p

Agreed the assets in Brazil, Namibia are worthless too.

Are moving now. Look at Char up 70% today on a reserve update on an asset in Morocco and no cash or partner to progress matters. Delt have Selene (50%) stake with a 70 %GCOS and Shell uk as operator. Then we have Pensacola with shell as operator. Dewar with 40mmbbl of oil at 100%, plus exploration licences and £12.8m cash.