Member Info for Bladey

Yes Rob, I have to agree .. but Story's buying last week may have soften the blow to quite an extent. Key question here is how much does the seller left to offload, as this could springboard when they're on fumes.

Any more positive news will help dissolve the seller, even so.. I do think the seller has been managed well tbh as we've gained a base here, when a few weeks ago it was 30p.. soon it'll be a base of 50p as cash starts building in our coffers.

Sorry Amc, was really hoping for guys like you to get some better news this morning...

Morning SI, Agree with you totally...Was hoping that the CEO might elaborate of at least one of the projects that they were considering so we could at least have some dd to do.

How was I ramping you dick!... The only siilver lining for me is that Muscles lost money, good..

@Others.. just seen the RNS myself, but I've already said I'm not interested in what CVN says, they're complete to**ers in my book. Want to see what our company now says. All this banter is going to make those who are really down feel worse, so in that respect I'd like the sensible ones of us to please be careful what you say. Don't like the idea of people talking of suicide and the likes of.

I'm not gona say anymore on the topic.. I was invested, and my hope was a positive way forward and I'm allowed to that. Tomorrows RNS may be a lil more than CVN have said in terms of the companys future. We wait and see.

Well there's only one person...or group that can fight our corner... and that's the BoD, so I hope they've been busy doing that over the weekend.

@CAR3Y, Great post mate, question I ask is if there was an error in location of drilling, who's fault is that? Operator, Rig Ops(petrofac), or a 3rd party, which I can assume it's not us as we didn't finalise the op but followed CVN.

Secondly, does this not call CVN reputation into call when they've apparently done all the seismics and the dd Who'd want to do a JV with them?

@Burt2000, very possible they're not seeing eye to eye,as tbh, ADV stumped up the capital... inc Peterkins and other board members cash... sure there's been some angry exchanges.

Either way Peterkin will have to RNS the results and future path be it good or bad. Then we'll know where we finally stand.

@RPdard, thanks for that mate, and again I'm sorry you lost a significant sum of monies as many, including myself, did. I can only hope you somehow recoup your losses somewhere else.

Agree, CVN seem to be the worst partners we could've done a JV with.

@Panda1, that article was actually posted here on the bb when the share price was circa 4p. Don't think many took much notice of it because the sp was buoyant and, iirc, 1 month before drill was due. Unfortunately as we all know, negativity will be spouted by some entity or another when there's positive sentiment in a share/company.

I've already stated Canarvon, imv, are the biggest bunch of w*nk*rs for their support, or lack thereof, to ADV after the drill. The managing director for CVN, Mr. dipsh*t Cook, should never given an interview outside of an RNS and even if he did, (which he did), he should have said something along the lines of, "We're working with ADV, our partner and looking to make the best of this situation and how to move best forward for all shareholders concerned".

As the company who was the operator and provided the seismics reports and early due diligence, they should bear the larger responsibility, but it's clear from their remarks they don't give a flying f***.

I also think L.P should've come forward with the other 2 projects before drill results to better bolster the backbone of the company... leaving us and them to speculate how to move forward with those projects. His experience wasn't, imv, lacking in the industry but more lacking in experience of how to manage the company, primarily from a growth pov.

If we had known about the venture pipeline, we would already be talking about additional source of funding for them or it, rather than *****ing about the f**k up B10 has been. (so far anyway).

Those that keep damning the company or the situation are not helping those who are seriously down in their investment, it's akin to someone being on fire and people throwing petrol over them making the pain even worse. That's just plain disgusting.

We have no idea how ADV will move forward until they RNS it... and FORGET a CVN RNS, as they're purely looking out for themselves so I'm really not interested in what they will say now.

I'm not interested in people saying "How much a Dog of a company" this is not helpful, and imo spouted by those who no interest to see a better outcome for those who still hold shares. So basically, F*** off. Not asking anyone out there to invest anymore cash here. As I see it there is still value in as a shell albeit a longer term view, but that's the worst case scenario. Best case scenario is ADV can either get an operators licence and move forward with what they have from B10, assuming CVN relinquish their hold/share.. or maybe JV with a smaller firm with an OL to bring in funding to go ahead with B10 if viable enough.

If you're not part of the solution, you're part of the problem...so move the f*** on.

Oh btw...about the timing of the RNS on Wed morning... don't know about that... but I was on the lookout from 7am since Monday, in fact I have a program that notifies me within a minute of an RNS release all day. I was the first to post an RNS was released re RNS on Wed morning... I also just noticed Oil found without reading the column length reported in all the excitement... it's only after I properly went back to read it, noticed column was only reported as 12M.

TBH EnergyGeo called it spot on for Wednesday... so I was expecting it, as I would've thought most would of going on his post.

@LegalWolf, I'll be honest mate..I didn't see anything wrong with the wording of interims aside for that one "Associated risks in the business", But I would've thought they'd have to include that in an interim as it wasn't a trading update by view of nomad.

Ok, so now the selling on Tuesday... Well it started off pretty good as I know because I got a quote for 5.55..(oh how i wish i'd pressed the mouse button...hindsight 'n' all), then yes the sp receded to 4.8 IIRC..or 4.7p cob. Now we know that larger staked investors had prob got a direct-line to the BoD, so yes they would've been privy first. That deal was prob in place before they even started drilling, in fact prob at placing... There's nowt that can be done about that, and you'll most likely find that across the board in AIM on any placing. Soon as brokers got wind of large sells going thru, it would've started a chain reaction and questions being asked across the trading room floors, so domino effect there!

TBH, If the news had leaked properly we would had our Wednesday on Tuesday.. but that didn't happen. I duno what was shared between BoD and larger stakeholders on Tureday, but the stakeholders prob derisked on any preliminary drill result.

Also I'm assuming the operator and their services would be responsible for the optimal positioning of the drill... So if there was an error with positioning of the drill, would that not be Canarvon's responsibility?

I've spent the best part of yesterday and today going thru the presentation seismics and the only thing I can come up with is exactly what Tonnacombe says, they've basically drilled offset to height/topside of attic which would make sense. Basically they've drilled the side of the attic giving a shorter column intersection. Now depending on the inclination of the slope they need to assess the distance from drill where the top of the attic would lie, this may be ascertained from the wirelines using the data to recognise the direction of the slope.

Also people need to stop ****ging of the BoD and other engineering parties associated with the drill. All this tosh about Peterkin overly confident in interviews and being smug ffs.. What the f**k did you expect him to be doing? Trash talk his operation?? Jeez.. ffs, why did u watch interviews after interviews. The truth is this ... he and the BoD did bring background experience from their past positions with some large corporations! THEY did have skin in the game and yes they did take a wage, but who or which BoD does not take a wage on AIM or some concessionary benefit.

Also both RISC and DUG are respected in their fields of expertise so what's the point in bad mouthing them??

This brings me to Canarvon, I'm definitely NOT happy with those f**kers to say the least. They shouldn't have anything via interview, (before an official closure RNS), and this does not bode well for them to abandon and not follow thru with any remedial addressing of the problem before completely giving up. Any future JV parties will hopefully take note that they care little for partners after we stumped up the major fund for operations. Total ******s IMV.

What happens going forward we'll have to see. Like most I've also lost a considerable amount, nowhere near as much as some on here and I'm genuinely sorry for that... but need to be positive looking forward and hoping there's a plan now if a mistake in the drilling position was made. We're still to hear from BoD and I hope they take heed of Tonnacombe's email as it's by far one of the most positive posts I've read today.

@SI, that's a plan albeit a long one ...but a plan nonetheless. Still, I'd like to hope and wait for ADV to come back with the analysis from the logs, good or bad and then move forwards. They're i'm sure weighing up the pro's and cons in both current and future plans. Both scenarios we're invested in, regardless.

@Amc, you're most definitely not alone mate, but a loan isn't the way forward. We were all noobs in the beginning and we've all made bad investments in the early days... and if someone tells you otherwise they're lying mate. Reckon you just need to pool with some guys who are genuine in guiding you to avoid making the mistakes we all made in the beginning. I'm on telegram as Bladey, contact me if u wana talk about it mate... but rest assured you're not alone !

Well, no after hours RNS which is generally when they release the bad news, so let's see next week... Mind u saying that, still early, I believe 6pm is last RNS IIRC

No amin, finality will be via RNS ..good or bad. If it's a shell then some of us are already invested for it however long it takes. In fact it could turn out better if the shell is acquired by a company on a different and accelerated investment. Monies could be tied up for a while but like I said, we already have shares. Bust or boom makes no difference.

Lol..more good news

HI SG, good to hear from you mate... and of course I know you as a genuine bloke from our shared content over the months, and therefore sorry to hear you've also lost a considerable amount.

You're absolutely right in what you say and I agree with you wholly in your interpretation. We of course await finality on the wirelines side of things and hope that the BoD, (whom I also do not fault), continue to pursue other projects that they were currently doing dd on. Funding as you say deserves pursuance through other avenues, but is entirely possible. Yourself me and SI seem to all share the same views on these points.

BoD bring with them experience and went on an independent analysis and I'd rather be interested in their forthcoming ideas than many other crooked CEO's in the sector.

As for B10, yet to see.. Good luck matey in all your future investments.

ooh..looks like I hit a nerve there lol.. Lidl is a calling mate, quick don your apron!

Worst case scenario, I'll expect a RNS after CoB today, but if it's Monday morning could be a different story.