Member Info for Rot1

Said on April 3rd 2024 and i quote

. Our attention is now firmly focussed on drawing the Pensacola farm-out process to a successful conclusion and we look forward to updating the market in due course." Was he lying or what ? surely in 4 weeks after long negotiations thinngs can't get as bad as the picture painted on Tuesday.

Dr, yes i wrote to Swindells around two months ago, and it was regarding the F/O i never got a reply.

Fairdealer, the BP Hydrogen plant is actually getting built on Teesside 30 miles from the Pensacola bore hole so it's actually a better scenario .

Dr, i agree surly when they committed to a £15 drill you have a plan B&C as a contingency, and one would think that plan A would be pretty robust for us to sign up for a drill if not, delay it till funds are secured, I do agree if Swindells doesn't pull this off then he has to go, but if there is a plan and there is more to this and it is brinksmanship it has shattered my nerves and all this really does need explaining to our shareholders. I just don't get any upside to that RNS, i f do i think (hope) there is a deal just it will be a damp squid and we will wonder what it has all been for, Selene i think will get us back to 40p.

A message to Graham Swindells You have a duty of care to your shareholders.

SullysWorld, thats a good explanation, i never thought of that angle, and it would explain the rns, as Malcy was saying its far from a deal not done, and if a deal is completed this would be a good explanation, i also can't see Shell actively doing over a working partner.i know they can be ruthless in buisiness , but they also have a reputation to withhold, and if Deltic are successful in the next round of awards surely they will be working together again especially if its an extension of Pensacola feild. This just might be an opportunity to get in at a price i never thought we would see again.

What was the point of yesterdays RNS ? their has to be something behind it, because wouldn't they just wait till the end of May and then tell the market they cant do a deal with the then resultant share price crash, also surly there was always a foreseeable chance this might happen and have a default deal with Shell say during the farmout agreement where by Deltic get back the money already invested in the first drill or pospone the drill, surely Swindells would have had the hindsight for this scenario ! that's what makes me think it's game play, but for myself i just don't get it. If he hasn't taken all this into account then he has to go. Malcy still thinks with out Pensecola it's worth 100p with success at Selene, ive topped up at 17.9p this morning, but hopefully just a quick in and out with this deal. Still holding original holding for the first drill this will bounce, just hope Swindells pulls the rabbit out of the hat.

I read this at 07.00 this morning and thought sell sell sell especially at 30p but couldn't, having walked away feeling gutted and disappointed and possibly betrayed or seems that way ive reread the rns and it's quite possibly a game of high risk poker to Swindells, but for me my nerves are shot. I thought it was virtually game set and match, but then again nothing is guaranteed,but as he says negotiations are still ongoing and there is other options although they do appear to be less attractive, i personally think there will be some sort of 11th hour deal just not what we wanted or thought, i just hope theres no skullduggery going on, already had that with a Mr Hart at Bowleven, Hoping tomorrow is a better day.

Wait till the drill bit is spinning then we will see some fun with the SP hopefully between 60p and £1 and they reckon both drills are virtually appraisel wells.

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.

Rollonsummer, He has not gone for the weather.

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.

The market will be aware of this and someone has obviously bought them but who ? interesting times, SP held up could be a good sign. Well i hope so.

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.

Can you access the presentation ? Thanks Rot

Thanks for the heads up Godders, i’ll sell the lot with that pearl of information. WTF

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.

Malcys blog

Copper bottomed, ten bagger. nice.

Dr, you got your wish