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I can’t comment for others but I haven’t move anywhere ie still invested in here. Money here is clearly for a high risk investment but it form just a part of my larger portfolio. I usually hold medium term, as each time I tried quick punt following some twitter feeds I lost money. I don’t know what my return will be going forward but I have done really well over the last 15 years.
Yep we all know they move around, just makes me laugh then can never even justify anything they say, if your going to ramp have a little foundation and not just say "im better informed' or "dyor" while also stating these boards are for discussion..... or even worse, good news is coming in 2 weeks lol
I think the gang have moved to UJO now.
Helpful, you said you are better informed, and said to wait to Monday to see what it brings..... Monday is here and there's nothing, you are correct you are well informed lol
Remember the below helpful from the 8th January??
Helpful Premium Member
Posts: 7,593
Price: 0.165
No Opinion
RE: Re...8 Jan '20
Doubleup,
you were on filter because you come out with uneducated, uninformed nonsense all the time and just want to attract attention. I have taken you off filter so I can respond to your latest nonsense.
You have to differentiate between a fact and your impression/understanding/suspicion. There is also no requirement on anyone to agree with or be bound by your impression/understanding/suspicion.
1. If ADL converts to a participation and ends up with say 17% of say 150 bopd at $65 a barrel then it will be generating something like $1,600 per day before taxes and profits shares etc so maybe $1,200 net. So $36k pm. Fine it doesn't shoot the lights out but it is not nothing.
2. The idea was always that this was the start of a relationship with CAV. On the basis of the above, they would be on 83% of 150 bopd at no initial capital cost to themselves so why would they not be happy? Once ADL participates then that is a different matter.
3. There is a big difference between raising capital for running costs and capex for new assets/new drill. 1 above covers the running costs and I see no issues with raising capital for a new drill on Selo.
4. The reasons CAV did the deal has been rehearsed numerous times. They want or wanted a partner who they could develop O&G assets with.
5. I think that you will be very surprised in the next two weeks. You may not like it but I will.
Anyway you are going back on filter. No point in having a battle of wits with an unarmed man.
DYOR
So numbers 1 & 2 have failed, still waiting for number 5 to be shown, (god news in 2 weeks, now we are 3 1/2 weeks after and nothing), number 4 hasn't materialised as they are not doing Selo....yet you claim to be in the know lol
So you have gambled on a horse of whom doesn’t have a race to race in with a jockEy that has always fallen?? Lol
I mentioned this before and this is the last time I spell it out, otherwise we just go over the same ground all the time. I wait in hope for another deal with CAV or another counterpart, time will tell. Enough from me, time to wait patiently.
Out of interest... what are you exactly waiting for?
Helpful, same view/opinion from me. In any case it's always good to have different views, but I think we have now all expressed our thoughts over the last few weeks. Let's sit back and wait patiently.
You have been trying to run the company down for months. I thought the last update was okay: that is an opinion. Let's see what happens.
Helpful with that comment you are either a clear tamper or in receipt of genuine information
If it’s just case of what you believe I.e your own opinion then you should say so
Maybe I am better informed than you?
Helpful
You are living in lala land. There will be no news because they have nothing to report on. No assets, no money, no future. If there is news it will only be bad news. I am sure their unpaid bills are mounting and their ability to pay is virtually nil. The fat lady has finished her song and the curtains have dropped in ADL. FB
Still waiting for that news you promised me within 2 weeks helpful.... erm how long ago was that lol
100% wrong.
Let's see what Monday brings.
Fat Lady. Stupid predictive type.
Well all. The fat lady is singing the last act of this catastrophe. Amazing it has stayed alive so long given the blatant incompetence displayed. I heard from a mate that Simon is working full time as a consultant with an engineering company, not sure if that is correct. But it makes sense.
The workovers took too long and cost too much and delivered little. The well to be drilled was a game changer but that won’t happen now. The NS stuff is a long way off and expensive, what were they thinking getting into that gig No one knows other to use the story to raise more funds and feather their professional beds.
The CLN from Optiva was not exercised because they didn’t perform. And the screw ups go on and on.
Enjoy the fat lady’s voice, it will be the last thing you will hear from this disaster. RIP FB
For the amount of money they pocket, they would be crazy not too...
It's a gamble . Like lottery ticket .
You hope that something unexpected may happen out of the blue.
Truth is it should really be delisted, I'm amazed Simon and co have the nerve to keep this sham going
There is value here but not investment I call its punt and I’m 30% down
But it might just boom one day it’s was risky but 2 months ago I thought hmmm
Maybe a big surprise rise here but sadly still waiting fingers crossed
Is there anyone out there that can help me see value in ADL and from which project you can see potential value without mass dilution to fund the project? ....
May I ask where you see value in ADL and from which project you see potential value without mass dilution to fund?
Double I’m not selling anything to anyone, I have my point a few times already. Time to sit back and wait patiently, like with many other aim stocks.
I took what pittance I had left in this share yesterday. 250k shares which I once had big hopes for but I'm sure will now be worth zero within 12 months. It has been an absolute horror show this share but wish all the people that hold hope here the best!
Eagle has been written off, Bunga mass written off, colter no one knows but will cost a hell of a lot of money ADL dont have if they ever drill and the latest one in which they were looking to produce 80bodp over the 70 bopd (150 bopd) produced as below -
ADL - Operational status
The Betun wells produced at an average gross production rate for December of:
??BTN01 - 28.8 bopd
??BTN03 - 3.8 bopd
??BTN04 - 22.8 bopd
??BTN14 - 19.3 bopd
??Total: 75.2 bopd
Thants 5.2 bopd.
So as I say, what is there to research? And for a company in this position the mcap is way way over inflated, should be at least half of what it is, look at the balance sheets, no viable projects and limited funds.
Please sell this as an investment to me.