Member Info for Desmond45

It’s almost as if the market is realising that a circa £250m mcap is too high for a company with zero income, zero proven reserves and not enough cash remaining to drill another well without a substantial placing.

Barmy!

Placing on the way for sure

A defiant Paul Baay says NO chance of dilution. Plenty of cash in the coffers to see us through to 15k boepd.

Shorters might be starting to twitch after that! Close shorts now at a profit or risk a 50/50 at Royston which could be catastrophic for them if it comes in!

Why am I an idiot Rubey? For raising a valid concern that only came to light a few days ago? Up until that point (Letter from Rathlin) Cllr Birch and co were seemingly on board.

Worrying discussions on Facebook - looks like local councillors are set to oppose any planning for WN.

“ RATHLIN ENERGY UK

Yesterday Councillors Holtby , Skow and myself received the below reply from Rathlin with regards to our letter to them concerning a community fund IF their planning application is approved.

Also yesterday Cllr Holtby and I attended a meeting of Parish Councillors from across Holderness at Burton Constable to discuss the proposals by Rathlin Energy UK and a joint response.

It is clear the overwhelming majority of residents and Parish Councillors don’t want to see this development take place and I am happy to support the fight to object to this development in the strongest possible way.

A working group of elected members from various Parish Councils is to be formed to work on a joint action plan and substantive objection.”

2.2p would give a market cap of £14m

By my calculations they will make around £10m profit this year.

Same thing happening on interactive investor, probably a good indicator this is going to shift soon

Looking primed and ready for the next leg up here. Hopefully the seller doesn’t return this afternoon.

If you think ADV is cheap at £36m, it’s also worth checking out UOG - £20m mcap producing 3k bopd.

Oilers having a hard time of late but some serious bargains about!

HE1 is still valued at £80 relative to £35m at ADV. The mind boggles

Noob87. If success wasn’t already priced in, why is the stock now ~40% down?

Success was fully priced in £170m mcap, no surprise it’s been smashed today off the back of a duster.

Smart money moving to ADV for 95% CoS.

I agree that there is probably a placing imminent. Market usually pre-empts these things. As long as it’s for a great asset though it should lead to improved SP

Agreed - here we have a £35m mcap company with a 95% chance of confirming over 30m barrels of proven resource.

In addition Leslie mentioned another asset on the podcast and hinted at 200MMcf/d. This stock could be a serial bagger. Only a lunatic would sell before the story plays out.

hxtps://**************jklePfYkRN80MGM0

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https://**************jklePfYkRN80MGM0

Telegram group on link above, good place to catch the day to day action!

I would say TXP drilling Royston and ADV drilling Buffalo are two of the best opportunities on AIM prior to year end. Herd will arrive soon!

How large a dividend do people expect to be paid if we hit our 15k boepd target?

Train leaving the station?

Wow, certain people absolutely played this like a fiddle. Talk of 5m masks a month at one point!

Ended up with a knackered machine which has sold about 100k masks. Still grossly overvalued at £16m mcap IMO.

The top and bottom of it is that they are basically recovering completion sludge and no quantifiable hydrocarbon flow after all this time.