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200k would have been the approx all cost based on RBD paying 750k and their respected %

Lets not forget they still also have 1.5million from the bombardier one aswel

Adl raised £1mill in Feb for the side track costing approx 200k, anyone wonder why they need another 500k for this when they should have it really??

But let’s not question that Greg.

Exciting times ahead hay Greg

So greg because one has no investment in a company everything they say is incorrect??

You are full of so much BS and try and spin things all the time, read the RNS and the details for what it is and not what u want it to be.

Greg oh Greg oh Greg......

Firstly KSD are paying nothing.

ADL are taking all the risk and spending all the money on the well on increasing production which to me begs the question why don't KSD just do it themselves? oh I forgot the guys who have the producing asset are using the expertise from the guys of whom have never had one.

Regarding the service agreement.... from what you are saying if they mange to produce more from the well all will be paid 90% of the profits until such a time as the funds and services provided by adl are paid for in full, now the worker will cost approx 500k, all have drawn down 500k for this, now they will be paid 90% of any earnings from the potential until they have been repaid back the 500k........... so all spend 500k and if they produce more are paid 500k back, where's the profit??

now the above is best case, now if it happens then the company (bod) will pocket the 500k and the CLN will be settled via issuing more stock and diluting investors even more. win for the BOD again, Win for Optiva as they get there fee, no win for shareholders.

Now if they fail to produce anything further on produce then optima still get there money back in new stock issued, no risk to optima, no risk to the BOD, all risk and high risk with the shareholders.

What still speaks absolute volumes is none of the BOD are willing to put a penny into the company.

Correct me if wrong please :)

Just for clarity Greg you do know how this 500k will be repaid ...

The Drawdown Fee may, at the Company's sole option, be satisfied by the issue of new shares of no par value in Andalas ("Andalas shares"), cash or any combination of the two.

The company will just issue more shares diluting shareholders.

Now onto the asset... why would a private equity company allow another company to fund one of there current assets and give them 90%?? make sense of that my friend. Isn't the job of a PE company to fund projects?? hmmmm

Also which made me laugh they are delighted to have all expertise ?? Im guessing showed them ADL outstanding portfolio and track record??

Lets see where this is in 3 months, yes there will be spikes as they need volume to sell into that's for sure but the liquidity for PI to get out will be taken up by the CLN.

The last CLN had nothing to do with Bunga, was taken a year prior

Remind you of anything Greg?

Andalas Energy and Power plc (AIM:ADL) is pleased to announce, following the announcement of our Sumatra-1 project, a placing of 1,277,139,208 new ordinary shares of Nil par value (the “Placing Shares�) to raise £500,000 (before expenses) with new and existing shareholders at an issue price of 0.03915 pence per share. The placing was led by 1798 Volantis Fund Ltd (“Volantis�) who has subscribed for a total of 1,277,139,208 shares equating to 21.33% of the enlarged share capital of the Company. Furthermore Volantis has provided the Company with a flexible convertible loan note facility (“facility�) for up to £2,000,000 (subscription price £1,800,000) to provide access to follow-on capital that will be required to develop at least one of its projects through to final investment decision.

Remind you of anything Greg?

Andalas Energy and Power plc (AIM:ADL) is pleased to announce, following the announcement of our Sumatra-1 project, a placing of 1,277,139,208 new ordinary shares of Nil par value (the “Placing Shares�) to raise £500,000 (before expenses) with new and existing shareholders at an issue price of 0.03915 pence per share. The placing was led by 1798 Volantis Fund Ltd (“Volantis�) who has subscribed for a total of 1,277,139,208 shares equating to 21.33% of the enlarged share capital of the Company. Furthermore Volantis has provided the Company with a flexible convertible loan note facility (“facility�) for up to £2,000,000 (subscription price £1,800,000) to provide access to follow-on capital that will be required to develop at least one of its projects through to final investment decision.

Largest PE firm? Please tell me this is a joke? Have you seen their portfolio??

ADL state this is a producing asset yet all receive no profit of the working asset only 90% of anything over what it is currently producing and all pay all the costs.

Now if you had a producing asset of which you know how much comes from it why would u give 90% to an external company for anything over what it is currently producing?

If it could produce more why would you not do it yourself and keep the 90%, if there was even a sniff that more oil could come from the working asset I would expect it to be 50/50 at best. IMO

Read the below from the rns and tell me where there is value to all at all apart from using this to justify the 2mill CLN of which will screw the company even more...

Services Agreement

Andalas has agreed to undertake a work programme and provide operating services and personnel (Services) to PT Petroenim Betun-Selo (PBS), the operator of the Betun-Selo field, on the terms of the Services Agreement. PBS has agreed to pay for the Services by paying Andalas 90% of the proceeds of sales of cost hydrocarbons and profit hydrocarbons derived from incremental production at the KSO.

The work programme will comprise the workover of four (4) existing wells located on the Betun field which will include perforating of untapped zones, scale squeeze of low productive zones, installation of casing gas compressors and pumps with increased capacity for an expected cost of US$650,000.

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). The amount of the interest will be determined in accordance with the following formula:

PI = WP/(WP+V) x 100%
Where:
PI is the Participating Interest to be transferred;
WP is the total expenditure incurred by Andalas in undertaking the work programme in accordance with Services Agreement; and
V is USD 3,600,000 (three million six hundred thousand United States Dollars) plus the cumulative cash contributions made by CAV to PBS from the effective date until the date of the exercise of the Option minus the cumulative cash distributions made by PBS to CAV from the Effective Date until the date of the exercise of the Option.
The option may be exercised by Andalas at any time up to 6 months after completion of the 4 well workovers included in the Services. On exercise of the option, any amount owing to Andalas shall cease to be repayable. Andalas will be granted security by CAV in respect of sums advanced in respect of the Services Agreement.

Betun-Selo KSO

The Betun-Selo KSO was awarded to PBS by Pertamina in June 2012 and has 8 years remaining in the 15-year term.

The Betun-Selo KSO is made up of two fields - the Betun field and the Selo field. Both fields are located in South Sumatra. The Betun field is approximately 30 km NNW of Prabumulih, and

Hold on... didn’t adl have a 2mill loan note with lombardier??

Also known as death spiral, placing would have been better

ADL raised 1 million in Feb, where has it all gone for them to need to raise again.

The end game greg is for the BOD to fill there pockets, has been the same for the last 3 years.

£1mill Feb 2019 @ 0.45p

£800k Sep 2018 @ 1.15p

£920k July 2018 @ 1p

£600k April 2018 @ 0.017p old - 0.85p new

£1.05mill August 2017 @ 0.065p old - 3.25p new.

£600k May 2017 @ 0.1p old - 5p new

But hay guys keep your heads up, they have a plan and an end game lol.there are lots more placings then above, go through the rns and have a look. Millions upon millions raised from diluting investors over and over again yet Greg thinks they have an end game to reward investors??

Everyone is entitled to their own opinion but Jesus what do the BOD have to do to make u understand what they are doing??

Greg, hmm you have misses out all of his tweet and only used what is good for you...

They couldnt get enough investors above 0.1p but 600K not to be sniffed at,£600K less fees in the bank. TBH I will just flip them,but there is an end game! #adl

Time, look at Simons track record with ADL, they place against expiring assets via a 3rd party Company. layers of companies filtering the money.

All you have to do is look through the history of the company and you will see it over and over and over again.

Its very simple.

FB- imo will be something through eagle, easier to lose money in a private company. An expiring asset like badger etc etc. Rinse and repeat. I reckon 2 more placings and then consolidation / name change

If the price is too low and and they need an egm to issue more (2 tranches) keep an eye out for him many over they allow to be issued, will give u an idea of what they are going to kick you by next time.

Im guessing and just a pure guess based on volume will be about 0.12, about 400mill shares.

Operational and company running costs...