Member Info for Bladey

Very happy with the strength of the SP today! You may see a lil red, but it's the range I'm more interested in, because we naturally have selling pressure by an entity off-loading but there's nothing to worry about. Allocated shares from the raise are quickly being run through at a particular price arranged with their, (the entity's), broker.. and therefore being managed well as the BUY pressure is keeping us within this range balancing the sells, INFACT, the buys outweigh the sells on my daily chart.

Must also remember the entity offloading is not worried about where the sp is going, they're interested in quick profit and would have dumped a specific amount to trade through at a predetermined price, and they're just being churned through! On balance this is good for TWO main reasons, (1) Because trading range will be at a much higher SP as majority of holders have bought within the same range!...and (2) The churn will be faster as buys are coming in fast!

Once said churn has finished, the sp will catch up at a rapid rate.

Should have a nice RNS from ADV in the morning... another box ticked!

Yep, Rig Contract signed...

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02416786-6A1048580?access_token=83ff96335c2d45a094df02a206a39ff4

@marineclark, thanks for the info mate... I'll have a look into CHAR, there's nowt wrong with a small amount of cross-ramping.. as there are so many companies to cover, and God knows I've been passed in the right direction through many a small cross ramping by certain decent individuals. Also thanks for not banging on about it, but knowing when bb members are getting annoyed...unfortunately many an individual don't understand when they're crossing the line.

Good luck mate... and if I see what I like in CHAR, you'll have gained another investor...as i'm already well seated in ADV.

@Hms687, Yes this site is pretty pathetic with regards to updating financials, ...and I pay for it!.. What does that make me! lol. In my defence I use it really for the live prices and Level2, (which tbh, isn't all that either).. So it can mislead someone doing research, hence for eliminating doubt, RNS's and comparison with other more 'up to date' sites is highly recommended!

@dai2belts, You're valuation is based on just the one asset, (B10).. as you may know the BoD's are actively seeking other high value targets and JV's. We're also aware that BoD already have an eye on another asset soon to be announced, therefore by production of B10 we may have done another appraisal and have planning sorted for a third or fourth asset. In balance we still have to tie in funding for the next, or further assets, but let's see how the BoD's play this as debt is inevitable at some point in the timeline. B10 plays a big part of whether we'll be reducing any debt and funding further assets.

Also remember their mandate, and that is to seek and tie in to medium to high value target.. That's all they're interested in! Not interested 1, 2 or 3KBoPD, but looking for assets similar to OR greater than Buffalo....and extract quickly all they can to monetise as soon as possible! tbh, I love this no nonsense approach...

Once asset(s) are proven that raises our NAV.. must remember this point!

Well at least PoO is back in the 70's... Could be worse, I wasn't liking direction last week. This was supposed to have been a medium term investment for me and depending what we hear on the next important RNS, I'll reassess my position. Saying that I expect it to be good, also with news of Kenyan production would make it foundational to keep a large holding into next year!

Expecting another reduction in shorts soon also to aid us further forward.

@Hms687... buddy, I wish I had a calculator like yours lol... More than that... I wish my bank used it to work out my mortgage repayments!

Shame you can't get admin to make "Stickys" on threads, then SG, we could've kept yours, Oilers and ST's posts on top of this BB for newbies to gander through... Even so if that were possible, you'd still get people asking the basic stuff lol

@ShareInvestment, you're absolutely right and I shouldn't be referring to the share price per-se in the long view of the company but rather by the Market Value. Few things to consider down the road in a few years, just for the sake of foresight is dilution & consolidation, which really depends on how we fund our part in the projects ahead.. Right now our debt ratio is zero and the longer we keep close to that figure, the better...BUT saying that is not easy, ie, we may have a lucrative opportunity come our way in terms of field licence acquisition and another JV whilst in the middle of the current project or near future project and how we fund this opportunity becomes the question.

Now this is why I'm happy with, firstly the experience the BoD have, and secondly WHERE this experience has been gained ie, top tier one companies! Therefore they will be well versed in managing the above in terms of working with our CFO.

Early days for all this talk... but better banter than predicting the sp next week.

4p not a problem, charts show this on a rise over next 10 days! You're not seeing it because most are focused on daily price and get annoyed when we're down 4%, but forget that we were up over 9% yesterday.. so really we're rising as sells thins and buys overtake. The charts see these volumes and subtle changes..

The bigger picture can only be seen with some patience lads!...Watching everyday is like putting together a jigsaw of a 1000 pieces of Renoir painting!... it may be a Renoir, but you'll get bored trying to get pieces to fit!

@ShareInvestment.... in 2 -3 years we could have a number operating projects under our belt, and if they're better than or equal to the, 'Buffalo -10', project, our sp could be north of 30-40p..Easily IMO

I'm not worried about timings for the Rig contract.. that'll be done pretty soon. The reason i'm not worried is because it's Canarvon, a JV is with a reputable company including their resource Petrofac (IIRC), DYOR..

I'm happy with entities involved and the target source.. THAT is what ticks boxes, IF people wanna sell on inaccuracies on Rig contract timings with tolerances of a week or 2 weeks... so be it and sell up!.... I've got more cash to buy from the impatient... and believe me, "Patience" is the key word here!

BTW, to also add.. I'm completely sympathetic with genuine investors who've lost their hard earned cash in HE1, I know how it feels because I've been there, got my T-shirt(s)... and learnt my lesson, and boy do I heed that from that lesson!... and tbh, you can only learn that lesson the hard way, for instance if I had gone into the forum posting that people should bank profits and play it safe, I'd get run down... So I don't bother anymore, unless someone directly asks me for advice.

NO...not apples and pears...tbh it's more like comparing a picture of an apple, HE1) to a real apple thats had a small bite taken out of it!

Now I say that being invested in HE1, albeit on a free run...but it's on a free run for a reason and the reason is simple, it's not a proven resource, low CoS, and exploratory! You can say as much as you want that it's worth billions...but until it's discovered, it's value is only written on paper.. it is as simple as that!

Guys, we're being shorted and FT went backwards.... most of the markets including oilers got a smack on the backside with todays correction. I'm surprised we haven't had another decrease in shorts reported by now... should be one soon.

At least PoO(brent) is back above 70

@Dai & SG,

Yes... was also surprised of the speed they completed this drill, caught a lot of investors off guard, as said I was also expecting news next week at the latest. Glad you got out with some profit lads..

@BP... sorry but you're totally wrong. You can't go on the words of the CEO or other shareholders. You need to look at the fundamentals... This is why I de-risked in HE1, and I won't tell you at what price as that would be deemed as gloating IMO.

You cannot compare ADV to HE1... firstly we're drilling an appraisal well to CONFIRM the basin oil quantity and pressure as left when BHP abandon the well, (In simple terms) Secondly we've had an independent positive CPR, Even if you set aside the 95% CoS, we're drilling in a well known field with PROVEN resources!...not by small tier companies, but by large corporations DYOR on that!

We're just ticking box's with this appraisal well, that's all... and we're looking to move to further drills and production of 40,000 barrels of Oil/Day to which we're entitled 50%, so 20,000 Barrels of Oil/day... with haste. The BoD and Company are not dwindling their thumbs here, they're targeting production FAST! Canarvon on the same plan!

I know the feeling SG mate... I de-risked on HE1 last week, so I was and still am on a free run, but still not nice watching it fall this morning! At 9.25p I'm in neutral territory, so I'll leave to see where and how DM progresses the exploration phase. All those nutters selling this morning must be kicking themselves now.

Happy with progress here in ADV, and we seem to be getting more attention, with Rig Contract so close and affirmation to moving forward with drill. Confirmation of succesful drill see's us into early to mid-teens, if not higher IMO. Like I said before 20KBopd is not a joke to a small tier company like ADV with JV with an established company like Canarvon, in an already well proven field!

Lol...clearly you're either lying, or you're using a "Etch & Sketch" as your tablet to connect to a broker lol

Like I said... somethings not right, watching some huge buys go thru...someones now buying in large clumps. Things that make u go "Hmmmm"...