Member Info for doubleup

Not so much a prediction and not something I wanted. But this companies history really does show you what will happen. It’s clear too see imo and they will without doubt announce a dead end project and raise the 600million shares against it and suckers will fall into it. It’s the way they work

I haven’t been “less positive” just honest.

Guessing / hope the penny has dropped here with Gregg

Think you may have just seen the spike to try an exit, could be wrong though. But in theory (not by anyway saying it will happen) the bod could place at .1 and still raise 600k to keep them going as they are for another 12 months paying themselves very well for nothing.

Hi time,

Yeah the gravy train does end once funds and ability to raise ends.

Bunga mass - always a con, was a no cost asset until all signed and sealed and was supposed to be payment in shares yet cost £200k????

Badger, bought into an expiring license via a dormant company, paid an extra 100k to extend the license when it wasn’t even extended, the license was just given an extra 3 months for them to meet the criteria for extension and they failed but still paid the 100k?

Colter - all a bit strange, especially when they raised 1mill when the further drill was say 200k??

Everything they do is either an excuse or reason to raise money then filter it out. All you have to do is look back through projects and the accounts.

Honest question, why would Simon leave when there is still a little money in the bank to draw out and also 600 mill shares ready for a placing as and when they see fit.

Would you leave if you was him or any of the other bod?

I speak facts mate, if it looks like a duck 99% of the time it is.

Im pointing out what has happened and the state of the company currently, not going off on things of which have no connection to the company and anything I say here does not make a difference to the SP

Greg,

Go back through the company since Simon has been involved.

The company has raised I think near on £7 million, now have a look at how much they have spent on projects, then look at the balance and ask yourself where has the money gone, what is the cash burn.

Greg,

It’s not doomsday predictions at all. I’m just arguing against what you are saying as yet again you have no foundation, when this happens you do your usual of trying to discredit me.

Fact is none of the directors are buying into there own company, the company has nothing, funds draining with zero expected income on what they have. Those are facts!

What facts about the company do you have my friend?

Please please tell me where I am wrong......

Simon is hot hanging on to stop anything.

The company will runs a deal soon enough with a company no one has heard of, they have 600 million share ready and waiting for a placing, they just need to get something to place against. imo.

Carbon copy of what they have always done, history is there in black and white for all to see.

If oil can be economically produced, Corallian proposes to extract it by drilling horizontally from the shore.

However, such a scheme would require a separate licence.

Greg,

Can they tell there is 15 Million from one drill or is this estimated as was the previous drill, further expensive drilling would be required.

Do they have a license for further drilling? no

Until any of the above changes colter is worth nothing imo.

Agree its good to have a positive outlook, but a lot of what you say is just fantasy imo with no foundation.

Take India, because there are negotiations in India you are linking ADL with no foundation at all??

For the last 2 months?

Greg Greg Gre,

The trust has issued High Court proceedings against Energy Secretary Greg Clark and the Oil and Gas Authority.

You will try and spin anything and everything to try and ramp. India, BMD, Colter is commercial with 15 million barrels.

Jesus man come on get a grip.

Here is a question, If adl are primed to multiply from current position, has millions from colter on its way, has potential compensation from if the authority lose........why oh why are the people (BOD) with the best knowledge not buying the crap out of there company??? They could issue themselves and buy 600 million shares at todays / a higher price if they wanted to but they wont put their own money in.... why is that i wonder?? hmmmmm

Just wondering guys.... anyone got anything official to go on here other then assumptions, hopes, dreams or rumours ? .......

On colter if they had any good news at all they would have announced something, would give all sp a lift, especially adl, but any mention of anything further negative the dash the hope would see a negative impact again especially adl.

Better to leave the carrot dangled then take it away

Greg are you being serious here, there are 2 official status for a private company, active or dissolved. Stop spouting rubbish.

I will await the next RNS here until i comment on anything else as for now you have clarified that there is nothing to speak about apart from peoples ideas about what could happen which could range from India to Brazil to Mexico to anything etc.

ATB

Thank you.

So basically theres no foundation to a rumour that adl is going into India or that funding is into (dorment) Eagle.

Its just your's and gregs idea of what "could" be going on.

Anyway off to see my shrink lol

Hi Miker,

Thank you for your concern but im fine :)

All i am asking as i do when looking at any share is the following and its a simple yes or no.

Is there any foundation to the Indian rumour?

That questionhas no agenda against the company its just discussuing what you and greg have said the company may be bidding for.