Member Info for doubleup

Helpful... ok but ADL cant afford to drill if it ever got to that without diluting the sp completely... yes or no.?

Also what happened to the news within 2 weeks?

CAV may owe monies yes but repaid at a rate of say 4 bopd.... will take about 10 years to get that money back lol and its not even any profit

Yep we all know they move around, just makes me laugh then can never even justify anything they say, if your going to ramp have a little foundation and not just say "im better informed' or "dyor" while also stating these boards are for discussion..... or even worse, good news is coming in 2 weeks lol

Helpful, you said you are better informed, and said to wait to Monday to see what it brings..... Monday is here and there's nothing, you are correct you are well informed lol

Remember the below helpful from the 8th January??

Helpful Premium Member
Posts: 7,593
Price: 0.165
No Opinion
RE: Re...8 Jan '20
Doubleup,

you were on filter because you come out with uneducated, uninformed nonsense all the time and just want to attract attention. I have taken you off filter so I can respond to your latest nonsense.

You have to differentiate between a fact and your impression/understanding/suspicion. There is also no requirement on anyone to agree with or be bound by your impression/understanding/suspicion.

1. If ADL converts to a participation and ends up with say 17% of say 150 bopd at $65 a barrel then it will be generating something like $1,600 per day before taxes and profits shares etc so maybe $1,200 net. So $36k pm. Fine it doesn't shoot the lights out but it is not nothing.
2. The idea was always that this was the start of a relationship with CAV. On the basis of the above, they would be on 83% of 150 bopd at no initial capital cost to themselves so why would they not be happy? Once ADL participates then that is a different matter.
3. There is a big difference between raising capital for running costs and capex for new assets/new drill. 1 above covers the running costs and I see no issues with raising capital for a new drill on Selo.
4. The reasons CAV did the deal has been rehearsed numerous times. They want or wanted a partner who they could develop O&G assets with.
5. I think that you will be very surprised in the next two weeks. You may not like it but I will.

Anyway you are going back on filter. No point in having a battle of wits with an unarmed man.

DYOR

So numbers 1 & 2 have failed, still waiting for number 5 to be shown, (god news in 2 weeks, now we are 3 1/2 weeks after and nothing), number 4 hasn't materialised as they are not doing Selo....yet you claim to be in the know lol

So you have gambled on a horse of whom doesn’t have a race to race in with a jockEy that has always fallen?? Lol

Out of interest... what are you exactly waiting for?

Still waiting for that news you promised me within 2 weeks helpful.... erm how long ago was that lol

For the amount of money they pocket, they would be crazy not too...

Is there anyone out there that can help me see value in ADL and from which project you can see potential value without mass dilution to fund the project? ....

May I ask where you see value in ADL and from which project you see potential value without mass dilution to fund?

Eagle has been written off, Bunga mass written off, colter no one knows but will cost a hell of a lot of money ADL dont have if they ever drill and the latest one in which they were looking to produce 80bodp over the 70 bopd (150 bopd) produced as below -

ADL - Operational status

The Betun wells produced at an average gross production rate for December of:

??BTN01 - 28.8 bopd
??BTN03 - 3.8 bopd
??BTN04 - 22.8 bopd
??BTN14 - 19.3 bopd

??Total: 75.2 bopd

Thants 5.2 bopd.

So as I say, what is there to research? And for a company in this position the mcap is way way over inflated, should be at least half of what it is, look at the balance sheets, no viable projects and limited funds.

Please sell this as an investment to me.

Share, yes these boards are for people to share there views I agree, but its a genuine question.. whats there to research?

lol

Helpful, out of interest, what is there to research??

It happens all the time on aim companies, the difference with adl is that it’s been so obvious

Why do you think CAV wouldn’t spend a penny on the workovers ..... not worth it!

Greg always said this was “proof of concept” ha the bod say not interested in Selo which was the gas he was going on and on about.

Anyway u all know Greg is just a ramoer of whom moves from 1 thing to another to which ever suits his agenda.

Takeover I see now, lol. Must have been the plan all along

No Victory lap bud, I don’t like seeing good guys lose money especially when the bod are milking them and here they have done it so obviously.

This won’t go into administration, as I said earlier the bod will recoup the money from the well over say 5 years and use these funds for them selves as backpayments for their deferred wages.

Look for Simon stepping down with a golden handshake and Robert taking over, then a crappy asset will be brought into and raise money against and the game starts again.

And even on this rns, the bod were “targeting” 80bopd over 70...... they got 9

hahahahahha let me guess, Indian asset???

Free money for the bod taken legally funded by the shareholders

no minimum price for any placings, net assets below zero at last report, ADL owe management $473k in entitlements as at 31 Oct 2019 lol - what could possibly go wrong?

Now the bod with the indo repayment will take it all over the next 5/6 years as back payments, not a great amount but say 100k per year , Bod have played this so well I tip my hat to them.

Will get an rns soon enough that Simon has stepped down, will be paid approx 50k(from the last raise) as a golden handshake and Robert Arnott will take over, then consolidate (back to 1p for window dressing), possible name change etc etc, rinse and repeat over and over and over, then raise against another unknown rubbish asset etc and it goes on....