Member Info for doubleup

I say again Greg

"The Drawdown and CLN facility has totally underpinned the share price floor at 0.15p.

For New investors buying in, the share price will not go below this level, as there's nowhere near enough liquidity for anyone to even think about shorting here."

Morning Greg,

Please please show all 1 of these offers the company has turned down or 1 bit of proof they have turned 1 down..... ill wait.....

U stated to everyone the floor for ADL is 0.15, yet a sell has gone through at .1241 and you can buy below 0.15??

Let me quote the below from you to "new investors"

Hi Guys,

The Drawdown and CLN facility has totally underpinned the share price floor at 0.15p.

For New investors buying in, the share price will not go below this level, as there's nowhere near enough liquidity for anyone to even think about shorting here.

With all the extra shares from the latest drawdown , around/over 90% of which are still holding strong.

ADL has embarked on a 4 well workover and a 9 month "proof of concept" campaign. They will receive all their expenditure, through increased bopd revenues.

BTN-17 well, could be used as a possible Gas fuel provider for the field. Which would dramatically reduce running costs for the operations there.

ADL has a real opportunity , with a co-investing partner of the likes of CAV (Largest by asset venture capital fund in Indonesia).

ADL, still has if needed another £1.5M in the CLN facility to be used.

This is just the start of a new chapter for this company.

Exciting times ahead here.

In what way is greg right?

Have the company been issuing stock to people at 0.10 without notifying the market? Thats the only way people could get at 0.10.

The only thing here is what Miker said, IF the company can ramp up production from the workovers it could add value going forward, if they cant the company is in a whole lot of bother and much much further dilution will again wipe people out.

Look at the RSP today, not looking great. Can buy the following -

1 mill at 0.1444
1.5mill at 0.148
5 million at 0.15

Can sell -

600k at 0.13
1 mill at 0.115
10 mill at 0.103

Greg,

Stop trying to create rumours and spread bs!

There were no other “offers” in which Simon turned down lol!!

Rampy Rampy Rampy all the time from you

I thought 0.15 now Greg saying 0.10? Very strange

Lol! Ok

But you have just told me I’ve missed out? Missed out on what exactly?

Lol you make up so much bs. 0.15 you say is the floor, now it’s below u make something else up.

Missed out on what? The only way people could have shares at 0.10 and be selling now is if they are forward selling a placing from 0.10. Is that what you are suggesting?

You have been telling not I

All along I have been telling people 0.15 is the floor and shares are with sticky holders. Now it’s dropped below you are saying it’s because people are flipping whom brought at 0.10 even though stock has never been available below today’s price. ?

I do have an account with them, so there’s a rumour that people have had stock at 0.10 when the sp has never been at that price or no shares have ever been issued that low?

In at 0.10??

How’s the floor of the sp looking? Hmmm

Can still sell 2 mill at .13 though so have added more stock to be taken.

Then down to 0.103 unless another MM comes on

Also for those of you confident in this you can now buy at 0.147

FB, I would disagree on worst case, what if they cant produce more from a work over?

Agree you have to wait , but even in the best case in my opinion the BOD cant be trusted. Hence why the stock prices are where they are and the RSP is where it is...

You can currently buy 5.5million @ 0.15 then it goes to 0.1649

you can sell 1 million @ 0.132 and 1 million at 0.13 then it drops to 10 mill at 0.103

Also a genuine question -

Furthermore, PBS has granted Andalas an option to acquire a participating interest in the Betun-Selo KSO. This participating interest will provide Andalas with an interest only in any future incremental production from the Betun-Selo KSO (excluding the existing production from Betun-Selo)

So they could get an interest only in any future production after the workover, would this include if/any production over the 70bopd its currently producing? for example they got it from 70-150 then acquired the participating interest would this be from over 70 bopd or 150 bopd as they would only acquire the working interest after workovers completed and if successful.

Ok,

Taking away the way the BOD have acted since they have had the company etc etc

if they produce more and get a working interest in a oil asset of which brings in revenue then that's good for any. company.

Cant argue with that, there is a but, but I've already gone over that.

Miker -

If ADL was to produce more then the current output then yes its beneficial for them as per the details released.

ADL will receive what they have spent on the project meaning they will receive the $650k or so back from what they have loaned at the expense of dilution to you guys.

They could either receive the funds back or have an interest in any future production in which the well may or may not deliver.

But (even though Greg say pointless to question) it makes me question why, why have cav not funded it and got a local contractor to do it (as ADL have) and not have to pay ADL if it works? My thinking is that CAV dont think it can be (and its their well) so instead of risking a penny ADL take all the risk and if they can do it then CAV only pay what they would have paid in the first place for a workover.