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I'm not being mis leading .
The other companies I mentioned in my "FACT"post have all done similar raising to invest in O & G projects.
Surely you can't disagree with me when they have all delivered shareholder returns 75-200% ,without the mass dilution .
The much lauded policy of Reabold has yet to show shareholder returns .
The year to year chart is up showing a share price rise of 10% .
Or am I telling porky pies and making up a story . ???
This company is about dilution ,raising cash but not delivering shareholder returns .
Is that what your saying???
They've succeeded 100%
It's 10% up year on year at the minute .
Share issue up x4
Mcap up x5.
A funds dream
A pi disappointed
This not 20-25% up.
Are you happy with the 1year performance in relation to others or are you aiming for 10% a year ??
Will it be enough to nudge the heavy mcap up 5%,that's what the funds expect.
It's all ok it's a slow burner .
Stated more coming in indo , indonesian oil exec and further deals .
Maybe that's what the cost 1 was for.
That's a large drop for big co
Fair value at the minute when new shares issued that approx 10 mill cap.
Hardly
Q4 2018/Q1 2019
Never seen Q1 2019 mentioned before.
Did say Romania be delayed. Still not confirmed 18 months after investment.
Great week here ,this is as cheap as ADL will ever be .
Same % of colter as boil ,boil have wick as well but their mcap 7mill .
Should be 5p imho
My 5 p is colter approved with drill date & bunga completed. Both of which are near term drivers.
Of not like to say where this will go with 100% bunga and the huge cost recovery
Did you think the crypto RNs was good.
It cost more to RNs the details than the value of the litecoin mentioned in the RNs . Ha ha
This will do the usual drop to 0.50 in good time then back above 1p
Rinse and repeat.
A few have made a fortune in this stock
It's why high Street decimated ,many retailer moving out of town or online only .
Greedy council's and landlords blinkered in their thinking as cities need people and business combined to make it all work .
The way things are heading it'll just be bookies and porn shops and even the bookies will close once fobt rules change .b
Like this on a few people radar now , the ones that took the placing ( imo) are tweeting about it .
Is ADL going to finally shake off the shackles ?? My personal target here is a conservative 5p which is about 12million market cap after new shares issued.
This is before any drilling taking place and production from bunga mas .
I see bunga mas as the huge value driver potentially 52 mmbbl 29 bcf,90 bopd producing field & $111MILLION -yes million !! Cost recovery . 30 times today's cap pmsl
Rbd is a quality company with nice investments that's not in doubt -well run and backed .
But in relation to others it's a very slow burn I'd actually go as far to to say asset wise , ADL is possibly ahead of rbd .(minus California) - so is California worth the bulk of the cap less cash ??
Colter isn't confirmed and Romania isn't either ,these were both announced well over a year ago. . The numbers aren't massive either.
Each to their own I guess ..BTW it pays not to fall in love with any stocks artyth ;-)
& brokerman Dan has stated he believes more indo investment coming with a new board member .
Amazing potential for huge rise here
Crazy crazy cheap imo
Bunga mas
here is appreciable resource upside in terms of several additional structures containing
significant oil and gas upside on the PSC. In particular, the Melati structure is estimated to
contain 2C contingent gas resources of 26 BCF and there is estimated to be a further 54.5
mmbbls of prospective resources contained within five additional structures on the licence.
Within the PSC, the core asset is the Bunga Mawar field, estimated to contain 2C contingent
oil resources of 0.22 mmbbls and best estimate prospective resources of 2.09 mmbbls in the
Air Benkat formation.
At this comparatively early stage, we have calculated an indicative risked valuation for Andalas’ asset portfolio of
US$23m. Within this, we have ascribed an initial value of $4.4m (NPV 10) for a 25% interest in the Bunga Mawar
field which would rise to US$17.5m assuming the company acquired the full 100% interest. We recognise that
Andalas already has 100% economic control of Bunga Mas; however, we have elected to be conservative at this
stage.
With the application of a conservative unit NPV per boe and appropriate risk factors, we have also ascribed a
sum of the parts valuation of US$13.8m to Andalas’ initial 25% in the prospective resources identified within six
additional fields on the wider Bunga Mas PSC. Assuming that Andalas increases its interest in the Bunga Mas PSC,
this valuation could be as much as US$55.2m.
We have also ascribed a raft of technical and commercial risk factors to Andalas’ indirect interest in the Eagle Gas
prospect inventory to generate an indicative valuation of US$4.8m for the company’s indirect interests in a
prospect inventory of six potential drilling targets. At this stage, we are being particular conservative and we
acknowledge that there is substantial upside within this portfolio of assets, particularly in the event that Eagle
Gas can secure farm-inees on Licence P2112 in the UK Southern North Sea.
It is also pertinent to note that the company’s interest in Eagle Gas is structured as an investment and therefore
Andalas is not exposed to any future funding commitments.
The project’s economics are enhanced considerably by previous expenditures on the PSC
totalling US$111.7m of which a proportion is expected to represent a recoverable cost pool
attributed to the Bunga Mawar field