Member Info for 37hillside

As of today 19.6 million. In fact my worry is that I've never been more certain of a share on the edge of a significant/ maybe massive surge upwards. This is re analysis, experience, management skills, and strong gut instinct. That can be when the sucker punch lands - but let's hope not!

Miker444 - I'm in the same boat but a bit less ballast - need to get to .425p for breakeven on 18,300.000. I fell into this one because the maths on Colter looked so compelling relative to the Market cap - and frankly as long as they can fund their end of it with the new licenses , it looks even better now).
Even on the most basic of valuations, 8% of 15 million barrels in such an easily accessible area off Bournemouth just at $30 net to ADL a barrel say. This produces $36 mill or roughly or 27 times our market cap.
(Our man from UOG said plainly that over 4 million was economic to extract don't forget.)
A mind boggling number if he sells out at $10 a barrel as proven reserves we have a gain in excess of 9 times our MC.
No wonder Simon's hanging on for grim death - if he can push us over that line he'll be a national hero as far as I'm concerned!
Now with this wizzy deal he's struck in Indonesia and funds he can use ' for whatever purpose' from it the pieces are falling into place for Colter to happen...
So, I'm hanging in there too, and if it works out I'll write a long letter of thanks from a rather delightful villa with open views of the sea, somewhere lovely in the Algarve.

Well the first 6 mil was me - and there would be another 7 mil from me too but somehow, whoever got the 13.43 and 13.46 trades at .17 must have bumped me as my bids still in from 11am for .17p!! May have to have words with HL....

Are we looking at this in a far too complex way perhaps.

On first principles it's looks like a lovely deal - as long as Greg does what he thinks he can.

Put it like this: If they just up each well's productivity by 20 bopd and it sells out net of cost/royalty/whatever at just $50 a barrel it'll net them (4 x 20 bopd) x 365 x $50.

That's (in UK£) approx 1.14 million. This is £200k over the company's market cap. And listening to the podcast it felt like Greg knew that the pumps just weren't set up right and he even hinted that one of them would likely exceed by a large margin it's current production rate.

Gizzard
They're where they want to be, where projects are very close to financial realisation. More specifically they've begun making money from the (soon to be increased 4x) Cali wells, as in cash, but they're on the verge of making a massive capital gain from Newton.

P.s. Just this morning I've doubled my money on 17.5 million shares held for over 12months. Sadly it's just covered earlier losses on JOG/UOG/ ADL and Saga but I'm not selling because there's real momentum and a great story to see here

Agree with SS459 doubleup - you seem to want to have a row! And frankly today's bad enough already.

I'm guessing you want someone to say that ADL will carry their share of the costs involved in proving up the resource somehow, so you can jump down their throat with all sorts of gloomy predictions.

But come the time, they will find a way. If they don't have enough left from the last raise that is. Mainly because the maths does add up provided the 15 million barrels are there - Even if that means dilution by a factor of approx 3x the maths still stacks up to 3x it's current market cap.

Which leads onto the central division. I do believe the 15mbo are there whereas I guess you don't.

Jace - Ever so slightly ahead at 3 x.
Double up - You seem very angry about something that I assume has not affected your own wealth? I worked on the proximity of the future extraction centre AND the fact I'd provided for 70% of the low ball rate per barrel to be diluted away established that it's commercial already.
Hence my conclusion is the same as Paulathon's - don't sell as there's some basic maths underwriting a future increase of 2 or 3 times market cap. (Plus never be so bl##dy daft again!)

I agree it's a disaster. I'm down £40k today overall on ADL/ RBD/ UOG - one of those times when it's hard to stare the disaster in the face, and all those horribly acerbic posters have quite simply been proved right. Big lesson.
BUT: You have a commercial volume of 15 mbo adjacent to a land based process centre (Wytch Farm?)
AND ADL have 8% of that. Say 1.2 mbo? Even if they only get £10 ($13.50) a barrel, and Simon and crew manage to dilute the hell out of this due to overdue wages warrants, even 30% of that (effective £3 a barrel) is 3x what the market cap finds itself at today.