Member Info for oilriches

Is too high here for a static company

6 years is a long hold.

What is your average mike? How long have u held?

Michael spencer is worth over £500m....I very much doubt £2m in Deltic takes up much of his time

Not trying to wind anybody up. It’s simple....switch off and forget about day to day movement

Step in and do what exactly? There may not be any activity until 2022, hence no interest from the market at this point in time. This should come good but it’s going to take time. I do feel for LTH at +2p as watching it drift down is frustrating

Shell have not committed to any drilling and they can still walk away. Think end of year that commitment is needed as per the farmout agreement

Selene looks nailed on for 2022

All companies could be higher next year. Question is will shell commit to a drill? I’m not so sure in this environment that they will want to drill in 2021

Mike has sold

In sp there. Too many ppl want out

Agree these need tucking away and forgotten about. Over the next few years they should do ok.

I expect the sp to drift. I will be a buyer but not at these levels

He is not offering 20p...he will buy 29% upto 20p. Does not mean it will get anywhere near 20p

To be fair....how he serves his shareholder. I would say he didn’t do too much in the forces...

This share play out......sell, hold buy. Surely you all have better things to do than talk about SS

Plan B would be to try and farmout again. Selene seems a cracking asset at 70% COS. When do shell have to confirm a drill?

That’s aim mike. The only big concern here is if shell walk away.

I’m pretty sure by 2022. These will be a £40/£50m capped company. Short term there is nothing to buy into for investors and wouldn’t be surprised to see a sub 0.7 share price.....when there is activity with shell it will do very well. At the moment it’s dead money with a board drawing high salaries

I actually think there were a lot more sells today than shown. General market is starting to look very choppy. Short term there is money to be made here.....without the need to wait for planning outcomes