Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Graham Swindells has clearly said they are progressing a farm out in the last RNS, so any fund raise will be at a minimum if at all, I just hope we dont give a larger % than we need to, unless they sell it all for a hundred million.
I am sort of pleased with the deal, but doesn't it value the farm out at around £20 million for the 25% but Deltics cost of £10 Million is covered 4 pieces of the pie and we have a quarter and its cost us nothing, one way to look at it and Dana has the same for £20 million, hopefully we get a great result, i think the value is in Pensacola hopefully the smaller % player One Dyas makes a great offer. This is going to be a bumpy but fantastic year good luck. Rot.
Looks like RKH dodged a bullet in Egypt after all, great RNS this morning, thanks to Mogger for the heads up, he is as always ahead of the game. The nay sayers with there ulterior motives are struggling to come up with suggestions now, This appears to be a goer with Navitas, and a real prospect of Delek coming in, the SP will slowly climb and spikes on news also we are now financially secure, all good.
From the industry! i am wondering well actually hoping is BP especially for Pensacola as BP are going to build a brand new Hydrogen energy plant at Wilton on Teesside and they need North Sea gas as a feed stock hopefully this all ties in. Good luck and fortune to all investors for 2024.
Today’s results are much in line as to be expected, yes the cash is a concern but it sounds very much a farm out of Pensecola is a done deal, possibly one dyas , depends on how much, so it’s cost us over 12 million, if we got say 30 million 20% leaves us with skin in the game and a fair chunk of cash for Selene and that appears to be nailed on, and we can go for the two drills we had with Capricorn , sounds like they are struggling with Syros and is a disappointment, will need tax changes for that to be a goer, bottom draw stuff, Game changer Selene in my opinion and a cheap share price at the moment. Waiting game of around a year 3 or 4 bagger.
Cookoo, the truth is one thing and blatantly scaremongering is another, Exploration appears to be the font of all knowledge, but to what cause is my question, he has many followers on here but he has miss led this board numerous times , for example explaining drilling the rock formation, when we were drilling the reef, expressing they had stopped flow testing after a week, all untrue not at all factual as you state and now comes up with some scenario were by Deltic give up Selene and Pensacola, come on man do you really believe this? If so get out now. As to rose tinted glasses, can't speak for others but me personally iam very sceptical of management, especially having been shafted by a one Mr Kevin Hart with Boleven, on this occasion yes the communications from Deltic are poor and they didn't set out exactly there objectives and had they done so the SP might be in a different price range. I do think the SP is being manipulated, but I don't know why, but I have invested here for returns on what I think are good quality drilling objectives and i am going to stay with it as a medium to long term bet. And yes it is a bet, but with some great industry partners good luck with your investment.Rot
Exploration, you clearly know a thing or two but please stop scaremongering this is at least the second time of it, the first when you said they had stopped testing after a week you know what you are doing. But why ?
Cookoo, don't think its that simple. Rince and repeat, as a exploration company with quite a small market cap, you have to issue shares in order to progress the business, pay your part, and I personally think the last funding raise was good business for Deltic and don't forget the city and some directors have skin in the game at 3.5 p and i am sure they will be wanting a return on that as we/ i do.Good luck though, but i fo think its a matter of waiting with this, it won't be over night with the somewhat mixed results from Pensacola, saying that management are saying its on prognosis and Shell are excited by the results and we have so much more on the horizon. Sit tight hold your nerve and be rewarded, we all can't pick the bottom to get in. And yeh we will probably need money in the future its the nature of the business and Selene looks exciting too.
Hotticket, didn't get this reply till midday, don't think it would of changed much, but good to Know that Shell are well and truly onboard and thats the bit I wanted to hear from the horses mouth, I hope this helps to reassure you as well Hotticket.
Been having a chat with Deltic over the last couple of days, on various topics regarding Pensacola, they obviously cant go into detail but it definitely has reassured me what with the SP going in the wrong direction.
All we can say at the moment is that everyone both at Deltic and Shell are very excited about the Pensacola result and are working hard on the way forward and we will update the market once we have something definitive to communicate.
One of the replys
Rot