Member Info for Source888

Hah, thanks for thinking I had that sort of pull! But no, split audiences are tricky to engage so copying across seems the only way. No just observing and know many good heads on both board to get discussions going :)

Canada price down -4.3% so lets see how UK take it tomorrow, but seems big drops in Natural gas prices are causing worries...

No RNS news today. Who will get disappointed again I wonder.

Interesting Twitter Thread on pulling back of drilling due to silly tax robbery by "policy" maker...Making bad things even worse...

https://twitter.com/CutMyTaxUK/status/1617882952519782406?s=20

"The drastic fallout from Jeremy Hunt's windfall taxes is now starting to bite.
Harbour Energy, the UK's biggest oil and gas operator, won't bother bidding to explore for new oil in the North Sea and is cutting back its workforce in Britain..."

Agree - this accounting lag is a joke and completely outwith any sensible reporting norms for such a simple operation.

Why does it take them 6 months to do the books and inform shareholders of their Dec'22 Cash Position not until in June 2023!!!

To answer this is MASSIVELY undervalued!

This company is too valuable to consider ANY offer ANYWHERE down here or 80p. It would basically be theft from loyal shareholders & insider management who backed this through really tough times!It simply has:-

(1) world leading tech,

(2) all majors need what is gives them & works in harshest conditions,

(3) They have sales partnerships in placedirectly with 2 of the leading global multinational services CO's.

(4) Plexus solution(s) gives all customers who use its tech unbeatable operating & safety & speed cost savings than all current tech.

(5) already has wide customer relationships around the world

(6) does exactly what lots of international laws & regulations now demand of all companies, i.e. otherwise they pay fines to stop methane leaks from wells

(7) Its tech received Green compliant accreditation's...

ETC

Glad you now agree, buybacks were/are the missing piece of this price support puzzle GGG! ;)

Aren't there now new ways to increase porosity using now available new tech?

WRT the 70+ Clearwater and other Canadian sections I'm keen for them to release the results for the recent wells so we can start to understand just how good our properties are compared to other high performing WCSB wells and sections...I'm hoping Gain & Toscana knew what they were doing in those early years and we've hence picked up some corkers...

Interesting & BIG valuation discrepancy...

...& what is that exactly then jemgeee?

You know there was similar whispers of success on various other drill co's (most recently ECO) and they ended up being dusters...Lots of interested poster stretching plausible facts is common unfortunately...Deltic need to get off the pot soon and inform...

WRT the 70+ Clarwater and other Canadian sections I'm keen for them to release the results for the recent wells so we can start to understand just how good our proprties are compared to other high performing WCSB wells and sections...I'm hoping Gain & Toscana knew what they were doing in those early years and picked up some corkers...

& they'll get ~£11k per year back in dividends alone on that! ;) Nice.

The Keystone Pipeline System is now operational to all delivery points. After completing repairs, inspections and testing, we proceeded with a controlled restart of the Cushing Extension.

You'll be pleased to see this then GGG - (Malcy's Blog):-

"Having spent some quality time recently with Majid I was able to comprehend the story in Canada and can see that it has bulk and plenty of punch. It pays out as you can see above highly creditable dividends which are rapidly growing thanks to the Canadian asset base...."

Good point & potential question Jezzoo!

Hopefully he’s finally selling out. Short termers have a great exit opportunity here.

Agree - shocking how many short termers are on this board willing to sell out for a song....They should probably sell out here instead of haranguing our management & CEO who are more focussed on creating more lasting value in the mid to long term horizons for proper shareholders...

Looks like they're going to have to release it! Can't hold it down forever so unjustly :)