Member Info for Thunder2040

I think deaf ears, feels like they are digging in and becoming more extreme with their rhetoric. Milliband keeps saying they won the election on net zero pledge which is also a massive lie. I feel like no matter how many people point out the inevitable this government simply refuses to admit it's wrong. The point I just can't comprehend is that LNG imports have up to 4 times the emissions of domestic gas production and none of the tax revenue. That is categorically insane

Before you get excited about it please look at the debt and hybrid debt which now stands no chance of being paid down for years. The enterprise value is still way too high given these factors imo

Pretty obvious the sale is worse value than keeping North America, but where is this £200m capex figure coming from. It's all just a big house of indebted can ds starting to fall here and the bonkers pay rises were the nail in the coffin.

Been waiting so long and now we see them sell a business worth $1b+ for about half that. CEO has to go now, completely pathetic

Interesting views especially the not believing the NPV part, I won't clutter up this board with Deltic stuff but I'm afraid I do see it in the class of JOG as an investment, Shell and Dana are not fly by night operators. My point was in general there are bargains to be had currently as I feel the wind is changing.

That's just AIM in general these days it's thinky traded but it works going up and down as you say. I think the odds of getting something for Selene have increased a fair bit now though so I would like to see the rebate hold

A few companies on my radar, this and Deltic also moving well this last week or so - I think there is some realisation that the future tax regime has to incentivise investment in the North Sea - hopefully patience is rewarded

New note out from Canaccord, 34p price target excluding other licenses. I do feel with a fair wind this could come very good. Must get Selene farmed out or financed first of course, but the other prospects namely Endymion and Blackadder could turbo charge returns if they were to offer similar resources upon successful drilling. Surely some of the players in the North Sea now have this company in their sights

General identity crises in UK for years, we don't want to look in the mirror and accept who we are. So we do just about everything possible to avoid it to the detriment of our future generations - these decisions are making is poorer whilst other countries laugh

You couldn't make this situation up. We can all see it plain as day, drill your own gas don't import it at more than twice the carbon footprint and no tax revenue. Build your own steel so it can't be shut down by other countries.

Https://www.reuters.com/markets/commodities/british-steel-seizure-makes-north-sea-extension-no-brainer-bousso-2025-04-15/

Considering this is a gas development as opposed to oil and the fact it's already close to Bacton has terminal makes me think it's a no brainer for FID. If we consider the potential upside from Blackadder and Endymion, Deltic has assets worth many multiples of the current mcap. Given how lucrative this could be for the company I would love to see them retain the stake in Selene and secure some reserves based lending so that shareholders benefit. In the short term surely a cash component of a Blackadder farm out could keep the lights on. May be a turning point today, the economics have tipped so far now that I can't believe finding will not be forthcoming.

NPV $83m net to Deltic now then, MCAP £4.38m, even with the funding gap that seems a tad ridiculous

Needs gas below 50 I think as well

I think this is a potential curve ball tbh.

'Given the positive read across from Selene to the Blackadder prospect, Deltic has been in receipt of farm-in interest in the licence from a number of companies. '

If they can farm out the license with a carry and modest cash component, funding is sorted. I have a feeling this can get done sooner rather than later too.

They have enough cash to last long enough to get financing according to the CEO...well we will see fairly soon if this is true. Of course it's worth more than £4m with finding but is anyone going to partner or farm in. Needs to happen this time after the loss of the last license.

Realistically is this actually going to happen in H1 2025? It's gone a bit quiet on that front

You can talk about renewables all you like the fact is the country is heavily dependent on coal to fire it's current power stations and it can't afford to import from India. It has to mine it's own coal as part of a transition. It's that simple imo

Https://www.bbc.com/bengali/articles/ce7xznl4wj1o

This is the most important article posted on here so far in my opinion, from BBC Bangladesh. Can use Google to convert to English.

Quite frankly they are living in complete denial of that facts with regards to the financial and energy situation in my opinion they have absolute no option but to mine the coal. I do think they might still somehow think defaulting and being bankrupt could offer a better solution..but they need to wake up and smell the roses..fast! My biggest fear is a slide into anarchy as blackouts increase and money runs out. Failing to develop this resource now is just insanity.

My issue is generally if someone actually thinks they have a worthless investment why are they here still posting about it. I'm not a ramping it I just merely state that calling dilution on Aim stocks is teaching people to suck eggs