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Primary reservoir was lower than expected and net oil column not yet confirmed.
https://www.upstreamonline.com/exploration/timor-leste-offshore-drilling-results-are-inconclusive/2-1-1148566

Seems the market has JUMPED to an emotional conclusion based on fear and negative pumping. But at this SP, the risk reward is highly attractive.

Shorters getting anxious. I'm looking forward to ADV's appraisal RNS. Reckon there'll be a few bears with blow-torched fingers after that.

Let's hope they get a different team logging the new seismic!

Clearly not a lot of people know that............. yet!

They could easily redrill a section at an angle IMO, but they need a valid seismic.

My take is that the oil is down there but they missed it.

Can't find any interviews. This was posted on ADVFN though.. Pretax
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"Wireline logging results will be used to determine the reservoir properties (porosity, net to gross) and to confirm a net oil column," Advance Energy said.

"The information to date indicates that the seismic processing techniques employed on this project have not resolved the underlying seismic velocities or imaging resolution issues that are present in this field," it added.
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Sounds to me like they ain't finished yet!

hxxps://www.morningstar.co.uk/uk/news/AN_1642595433945759500/advance-energy-shares-sink-after-early-data-warnings-over-buffalo-10.aspx

Think we're close to the bottom, volume gone, shorters getting anxious, heat diminishing.
Looking for a nice big Posiedon's Kiss.
Common ya! LOL

Buy i3e.
Producing wells, dividend and plenty of upside. An undervalued cash cow.

Ok, then buy-back shares. Make the divi worth more and the shares more attractive to purchase.

Yep, Canada 8% up.
Are we making another acquisition or is someone acquiring us?

I’m with you waz,
Reckon they’ve been on the acquisition trail again.
Shareprice creeping up is the clue.

Hard to criticise the company, but a share buy-back would go some of the way to correcting the share-based finding last year. It would also increase everyone’s dividend.

Oil and gas prices will be twisting political arms right now. Either the UK produces its own energy, or we have to buy it at great cost from elsewhere. Russia perhaps??

I watched “The Big Short” recently and it amply portrays the pain of waiting on a loss for your trading idea to work. But true value always outs eventually.
The film is free on Prime Movies at the mo.

Similar Dartron.
Had a huge win on ALGW which I sunk entirely into here. A similar return here and I might just retire. Trick is not to sell too early. This will get taken out at some point IMHO and I want to be here when it happens. Could be a couple of years.

https://www.insider.co.uk/news/uk-north-sea-operators-eyeing-25770327

Wee Crankey and Boris take note
https://mishtalk.com/economics/eu-seeks-to-classify-some-natural-gas-and-nuclear-as-green

I’m sure there’s a disclaimer at the head of most videos and presentations. If you want directors to forecast the future you have to make allowances for them to be wayward occasionally. Otherwise the next Proactive video will be of Madjid reading the RNS.
Choice is yours.

Roy and Tony
Enough!
:-/