We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
(the whole thing is rather reminiscent of the way that clerics in the middle
ages and renaissance used to scheme and haggle to get awarded ‘benefices’
or livings, parishes etc. that would pay them a good living for doing nowt.)
one additional comment on the calculations here, then i better get back
to some extremely muddy gardening — bear in mind that if TBG do take
up the two BoD places apparently on offer, then they will be able to extract
pretty significant amounts in pay & perks from those, with very little actual
work involved. look back at the chunky six figure amounts osa siphoned off
each and every year (and of course that’s just the amounts they declared!)
getting a year or two of director life-style pay and perks would
nicely helps to offset initial outlay … say for instance if TBG get
two directors ‘earning’, let’s say for the sake of argument, £125K
a year each … in two years they would have netted £500K anyway.
nice work if you can get it, eh?
Spikeyj
I reckon Tennessee Black Gold would buy more at these silly prices,
they have 14% at the moment momentum TBG could take this upto 29% for strategic reasons.
GLA and Dyor
spikeyj
No Company would risk £750,000 on a £1M Mcap company for 14% only stakeholding!!
so My head saying Tennessee Black Gold have a plan to make ADM Energy into a £50M Mcap in the future.
hence I'm holding out for at least 10 bagger.
GLA and Dyor
earl, finally you’re said something i agree with! … yup, i’m
pretty sure that TBG (randy connally) knows things you don’t.
spikeyj
are you out of your head
is Loan not classed as risk like investment?
so yes Tennessee have £750,000 investment
£500,000 equity shares bought and £250,000 in the form of Loan.
loan needs to be paid by ADM Energy,
Tennessee knows something we don't hence they took quarter of a million investment on a £1M Mcap company.
GLA and Dyor
my apologies, loan is $250,000, not £250,000.
(we’re not quite at dollar parity yet!
£250,000 of the money is just a loan, not an equity stake. there’ll be
interest accruing on it, & if the company goes bust they’d rank well
ahead of shareholders for repayment (whether it’s secured or not).
£500K for an attempted P&D in an AIM oiler…
nothing that special about that amount earl.
(& this being the very scummiest end of AIM, we will never get
told either whether there might have been some additional
encouragement provided to motivate that headline 1.2p price.)
Spikeyj
so According to your brain Tennessee Black Gold paid 1.2p for ADM Energy for pump and dump
what a loser you are Spikeyj
Tennessee Black Gold are a private company,
no Company would risk £750,000 for attempted P&D
go and take a break from this bb, get your head clear.
what have you been smoking Spiky
you have no credibility.
OK past was terrible, however future looks great
simple answer, attempted P&D.
I can't ask you a simpler question than this.
spikeyj
simple question mate
why did Tennessee Black Gold paid 1.2p per share for Adam Energy
that's 120% premium when they took the investment
spikeyj
simple question mate
why did Tennessee Black you 1.2p per share?
that's 120% premium when they took the investment
if you want your ramp to be a bit more convincing earl, you either need
to get other people to join in with you, that might help, or alternatively
try posting some additional information or reasoned analysis rather
than just repeating the same post over & over again. just a suggestion.
https://www.tenblackgold.com/
invested £500,000 and Loaned £250,000 total £750,000 investment from Tennessee Black Gold.
why is this happened? 30 you guys think TBG are idiots investing in ADM Energy? 30 No they're not they made a smart move here.
Aje 5p per share sale
Barracuda NPV $99M
GLA and Dyor before its too late
what an opportunity to get multi bagger on here
tiny Mcap
10:07 “… we will have no way to pay this back unless we get a cash settlement on Barracuda”
remains to be seen who will have to pay what from the legal action; ADME
may well end up having to pay others, rather than get any ‘cash settlement’?
in terms of paying back the loan:
(a) i guess the planned mechanism for paying back the loan is to attempt
enough of a s/p P&D to get another placing away at some point, and use
placing money to pay the loan back. after all, that’s been the business
model in MXO/ADME ever since it was born out of the carcass of PPA
/ASTAR. that seems to be what happened with the previous loans that
were made to this company by various individuals under osa’s tenure.
(b) although a more cynical scenario could be that there is no real
intention to repay the loan at all, rather the loan allows BoD to continue
drawing salaries for a while longer, & then a default on the loan means
that somebody ends up with the aje stake on the cheap as forced default
settlement, rather than through any open market transaction … but
they haven’t published the loan term details, so default terms murky!
https://www.tenblackgold.com/
invested £500,000 and Loaned £250,000 total £750,000 investment from Tennessee Black Gold.
why is this happened? 30 you guys think TBG are idiots investing in ADM Energy? 30 No they're not they made a smart move here.
Aje 5p per share sale
Barracuda NPV $99M
GLA and Dyor before its too late
what an opportunity to get multi bagger on here
tiny Mcap
earl, align used to cover ADME, but then they ceased to cover it
& they stated that none of their previous research/targets should
be relied upon. you can see that from align’s own website:
http://www.alignresearch.co.uk/cpt-company/adm-energy/
notice also that whatever align tweet, align are a *seller*, as evidenced
for example by the recent TR1 RNS showing them dumping ADME shares.
"huge buy and hold" ha ha how many times have you wrote that on a ramp then sold out the same day.
I cannot believe you think somebody out there is listening and believing you Earl.
earl also seems a bit muddled about barracuda, to put it politely.
one very obvious issue is that *nobody* has *ever* managed to
discover *any* commercially viable oil to produce from barracuda.
(… several drills over the last 50-60 years have failed to find any.)
(it is of course possible that somebody might strike it lucky one day,
since there will be plenty of hydrocarbons down there somewhere,
but they’d need to be drilling in the right spot, with the right geologic
trap mechanisms intact, and without excessive water penetration.)
the other, very substantive issue, is that ADME *don’t* actually own any
of barracuda at all, neither the real estate nor even any percentage of
the licence. all they they have claimed to have before was an *indirect*
interest in a percentage of a risk sharing contract. two big snags with that;
firstly, they are trapped in a legal dispute about they do actually have that
indirect interest in an RSC at all, with some folks alleging ADME just didn’t
pay what they needed to pay to obtain that … further court hearing due in
a few days regarding that issue. secondly, the whole barracuda saga has
taken so long that the actual license holder has got fed up with the parties
involved in the RSC, & may just be looking to reallocate the work anyway.)
I'll guess all those little buys are yours Earl, hoping others chase so you can dump size dangerous game in this market
spikeyj
align posted on 13 October on twitter,
and the game changing rns Landed on 28th October regarding
Tennessee Black Gold paid 1.2p for 14% of ADM Energy
you seem a little confused, earl.
what align research do you mean?
(hint: align are sellers in despair at how awful adme is, & *retracted*
their coverage and targets on adme quite a while ago, didn’t they?)
Dan brown
Aje is worth 5p as per Align Research
just on that basis ADM Energy can do 10 Bagger on sale news.
then Barracuda worth at least another £20M after all associated costs.
with £1.5M Mcap that's many bags of current Mcap.
taken from 29 September Rns
OML 141 - Barracuda Field
In March 2022, ADM announced the result of a competent person's report on the Barracuda Field in OML141, offshore Nigeria. The results of the CPR covering the Barracuda Field in OML141 show that, for the 2U (P50) case, the NPV10 is +$99mm with an IRR of 45% and, therefore, the prospect is considered to be robust for development, assuming at least 70mmbbls STOIIP is discovered.