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it mentioned on RNS regarding Barracuda
Barracuda worth £99m ????? - Please explain how this is the case
and even if it was worth £99m, we don't own this asset as it is in litigation talks
The only real value to ADME imho is in AJE Phase 2 & 3
The Loan is short term, and i agree, not enough information regarding the Terms and Conditions of this to see if its is secured - it doesn't say its secured and my understanding is that if it was secured it would have to be stated
We get 6 months of 'costs paid' but in 6 months we have to start repayments - AJE wont be producing yet so we will have no way to pay this back unless we get a cash settlement on Barracuda
tweet from Align Research on 17th October 2022
*****5p is 10 bagger from current position *****
Ref ADM Energy #ADME - Best news for shareholders in 3 years ref Mr Okhomina's departure. Monumental destruction of value under his watch - https://t.co/oJ80tROcqZ Hopefully new mgmnt look to sell the Aje field. See thru value from last Panoro transaction approaches 5p per share.
Ref ADM Energy #ADME - Best news for shareholders in 3 years ref Mr Okhomina's departure. Monumental destruction of value under his watch - https://t.co/oJ80tROcqZ Hopefully new mgmnt look to sell the Aje field. See thru value from last Panoro transaction approaches 5p per share.
https://twitter.com/AlignResearch/status/1581889512506265600?t=BDSDBLnN_kDfDNRWwzGKOg&s=19
davey50
10 bagger minimum for ADM Energy
Aje field worth 5o per share
Barracuda is worth £99M
all this for only £1.5M Mcap
any wonder Tennessee Black Gold paid 1.2p for 14% is Adme shares.
huge buy and hold for me.
But you do the same all the time Earl, you jump from stock to stock saying they are amazing and 10 baggers then you sell for a loss or tiny profit. You were pumping Harl last week then it jumped a little then of course you vanished. Hard for pump and dump merchants to hold a share more than 1 day eh
Align must be selling their last remaining shares.
few days ago Tennessee Black Gold paid 1.2p and someone selling for 0.5p
unbelievable
Well, I do agree this is looking positive on the data points.
I think you might be a bit bullish on the multi bagger opportunity but I hope you’re right.
easy 15 to 20 Bagger!!
Join the dots...
Equation is simple!!!
why Tennessee Black Gold paid 1.2p for £500,000?
the Equation is simple
so it seems I've unearthed the connection why Tennessee Black Gold paid 1.2p for ADM Energy!!
Aje has 1.2 Trillion Cubic feet of gas!!!
Barracuda is worth $99M NPV
add both potential Value and then look at the current of £1.5M Mcap only
crazy cheap, missed by many
anyone with a keen eye would immediately see the huge Bargain ADM Energy presented.
why Tennessee Black Gold paid 1.2p for £500,000?
the Equation is simple
so it seems I've unearthed the connection why Tennessee Black Gold paid 1.2p for ADM Energy!!
Aje has 1.2 Trillion Cubic feet of gas!!!
Barracuda is worth $99M NPV
add both potential Value and then look at the current of £1.5M Mcap only
crazy cheap, missed by many
anyone with a keen eye would immediately see the huge Bargain ADM Energy presented.
GLA and Dyor this weekend
Aje + Barracdua
1.2 Trillion worth of gas from AJE
Barracuda
NPV valued $99M
all this for only £1.5M, and this Mcap is crazy low.
not seen the likes of this crazy low valuation.
Sp needs to do at least 20 Bagger
GLA and Dyor
it’s interesting that they didn’t make any attempt to clarify whether
the loan is secured or not, and if so on what assets and with what
agreement about penalties and payment in the event of a default.
ADME actually has very little indeed by way of meaningful assets, & no
cash coming into their books [other than placings & loans] … i wonder,
if ADME defaults on the loan, does randy just end up with the aje stake?
that wouldn’t leave much for any remaining shareholders if so.
update due from court re the legal dispute about ownership
of interest in barracuda within the next two weeks. my guess
would be, yet another deferral to a future court date in 2023.
(although given that osa is gone, ADME might just abandon
it anyway? - same as happened with the marginal field bids,
the trafigura MOU, etc, etc. … all just smoke & mirrors imo.)
i hope for your sake they can rustle up a better
class of ramper than earl. still, maybe if he posts
enough times, someone will believe him eh? gl!
so it seems I've unearthed the connection why Tennessee Black Gold paid 1.2p for ADM Energy!!
Aje has 1.2 Trillion Cubic feet of gas!!!
Barracuda is worth $99M NPV
add both potential Value and then look at the current of £1.5M Mcap only
crazy cheap, missed by many
anyone with a keen eye would immediately see the huge Bargain ADM Energy presented.
GLA and Dyor this weekend
so it seems I've unearthed the connection why Tennessee Black Gold paid 1.2p for ADM Energy!!
Aje has 1.2 Trillion Cubic feet of gas!!!
Barracuda is worth $99M NPV
add both and then look at the current ONE £1.5M Mcap,
anyone with a keen eye would immediately see the huge Bargain ADM Energy presented.
GLA and Dyor this weekend!!
Aje + Barracdua
1.2 Trillion worth of gas from AJE
Barracuda
NPV valued $99M
all this for only £1.5M, and this Mcap is crazy low.
not seen the likes of this crazy low valuation.
Sp needs to do at least 20 Bagger
GLA and Dyor
Aje Field, OML 113
· The JV Partners are making progress in their development plans for OML 113 and have been advancing plans to replace the current Floating Production Storage and Offloading ("FPSO") to increase gas handling capacity in order to support development plans to monetise the Field's significant wet gas potential (estimated at potentially 1.2 trillion cubic feet ("Tcf") of wet gas resources after redevelopment of the field). *as per AGR Tracs 2019 Competent Persons Report ("CPR")
· Post-period events:
o In July 2022, ADM noted the conclusion of PetroNor E&P Limited's ("PetroNor") acquisition of Panoro Energy ASA's ("Panoro") interest in OML 113, providing a strong endorsement of the quality and considerable potential of the Aje field
o In August 2022, completed the 17th Lifting at the Aje Field totalling 94,187 barrels with a net share of 8,683 barrels to ADM, which equates to ADM's profit interest of approximately 9.2%
Barracuda Field OML 141
· Announced the result of the CPR on the Barracuda Field with a 2U (P50) case, the NPV10 is +$99mm with an IRR of 45%, assuming at least 70mmbbls STOIIP is discovered
· Post-period, in July 2022, the Court extended the injunction secured by ADM to November 2022. The Company entered into settlement talks with Noble Hill-Network Limited ("NHNL")
Tennessee Black Gold paid 1.2p for £500k plus a further £250k loan total from TBG is £750,000
why would Tennessee Black Gold risk £750,000 if they don't see what's coming from ADM Energy!!!
huge heads up from TBG
Currently Sp under 0.7p which means nearly 100% to level with TBG paid price for then comes other assets potential to bring $90M in revenues!!!
all this for Mcap £1.5M
wow!!!
bargain of the year or decade I'll say!!
spikeyj
in case you missed this
The Subscription
As per the terms of the subscription agreement, the Company has raised £500,000 net through the issue of 41,666,667 new ordinary shares ("Subscription Shares") to Tennessee Black Gold at a subscription price of 1.2 pence per share, which will represent 14.0% per cent of the Company's enlarged issued share capital on Admission (defined below).
In addition, as set out in the Company's announcement of 17 October 2022, the Subscriber has additionally agreed to provide to the Company a loan facility of $250,000.00, to be advanced in five monthly instalments of US$50,000.00 each. The first instalment of the loan is in the process of being remitted and expected to be received shortly.
Spikeyj
you have no right to criticise Tennessee Black Gold, You have no guts* to put £5000 investment on ADM Energy, yet you having a go at Tennessee Black Gold director.
I suggest you start to believe Tennessee Black gold vision or say nothing.
you bring nothing on Here.
*TBG invested £500k yet Derampers on here can't afford to invest 5k
Spikeyj
you have no right to criticise Tennessee Black Gold, You have no guys to put £5000 investment on ADM Energy, yet you having a go at Tennessee Black Gold director.
I suggest you start to believe Tennessee Black gold vision or say nothing.
you bring nothing on Here.
*TBG invested £500k yet Derampers on here can't afford to invest 5k
spikeyj
You have no idea what you talking about.
Tennessee Black Gold invested £500,000 and paid 1.2p per share, yet You spikeyj can't invest or won't invest £1000 for 0.60p, that shows the stupidly and poor judgment from your side.
I suggest you have a hard long think as to why Tennessee Black Gold invested £500,000 last week if ADM Energy was a bad company going forward.
don't judge past performances as The indicator for the future!!!
huge rise coming 500% like DKE boil