Member Info for Ginksy

More manure from the shorters, The only placing that could occur is if the shorters get control of the company by ousting osa. Then they can have their massive 1million placing at probably at 0.5p per share doubling the shares in issue by another 200 million. they can then buy back their shorts with the placing shares making a cool few million. With the profits they make on their shorts theyll get the 200 million shares/ half the company for free. Thats if their plan works out ... if it doesn't their up the creek without a paddle.

London fish, So how did adme manage to get their deal done withing a few months even though adme purchased their deal three months after petronors deal. Are you saying ADME has special treatment just like a nigerian company ... maybe we can thank Osa for that.

The Arc, Petronor are waiting over two years for the deal to go through.. you wouldn't think it would take that long for a small gas field off nigeria ...maybe the field is bigger than the shorters make out ... more of strategic importance for the nigerian government that are being carefull who takes over their assets of national importance. Maybe Panora would have being better off selling to ADME ... Given Osa's nigerian connections ... he got admes deal done and passed by the nigerian government within a few months. Maybe if panoras deal fails Osa could buy out their share. Although if the shorters managed to oust osa ... id imagine the nigerian government won't be to pleased .

Robertsham... thats only if the shorters win ... if Osa remains ... their scam is ruined its the shorters that are stuck ... their big bailout 1 million placing won't happen .. theyll have to rebuy all their short shares back on the open market .. that would do wonders for the share price... its probably happening today already as some are getting cold feet.

Spikey, how much would 1.1 tcf of rich dry gas bring in in sales ... at nigerian prices try 2.5 to 3 billion dollars that excludes 100 million barrels of nigerian light sweet crude selling at a premium to brent oil and 80 million LPG ... plenty of room to pay the finance costs including adme's share as sponsor fee.

London fish ... they have access to funds once they get the go ahead from trafigura ... how many small to medium sized companies have access to such funds these days .... more kudos to osa...

Further to the announcement of 3 February 2020, ADM Energy PLC (AIM: ADME; BER and FSE: P4JC), a natural resources investing company, is pleased to announce that is has extended for a further 12 months its indicative MOU to enter into a strategic alliance with Trafigura Pte Ltd ("Trafigura"), a market leader in the global commodities industry. There are no other changes to the original MOU.



ADM and Trafigura intend to create a strategic alliance that enables the development and financing of energy projects in Africa. Under the terms of the MOU, ADM will act as the sponsor for investment opportunities in the African energy sector ("Projects") which will be presented to Trafigura for consideration as a trading counterparty, or financing provider.

Trafigura will be entitled to provide ADM with conditional pre-financing of up to US$100 million for the acquisition or development of Approved Projects. It is anticipated that Trafigura may subscribe for up to US$20 million in convertible loan notes in ADM as definitive agreements and project funding for Approved Projects are agreed.



Osamede Okhomina, CEO of ADM Energy plc, said: "We are pleased to extend our agreement with Trafigura, which demonstrates the strength of our relationship and their belief in our growth strategy. This relationship with a multi-billion dollar industry partner gives ADM access to capital to secure and develop projects that will increase our exposure to value-accretive, high-quality assets. We are in regular discussions with Trafigura and are pursuing a number of attractive opportunities in the West African region that we believe will be prosperous for the partnership."

Tresha is not Osa fault . he is doing his best in very difficult times with covid with folks trying to take admes assets (barracuda) even aafter signing contracts and a shorting campaign against the company to buy up the company for pennies in the pound. never under estimate what shorters can do. I remember they brought the gaint anglo american plc down from 3000 to 260 and is back up again to 3700 . If they can do that to a 40 billion market cap company manipulating adme share price is chicken feed.

Tresha ( another paid throll ?) Its not ludicrous if adme /trafigura is financing phase 11 of the aje development and provides strong confirmation that trafigura is intending to finance the project which is good news indeed giving their the second biggest private oil and gas trader world wide and provide an excellent sales outlet for ajes gas and oil.I doubt if Tafigura would get involved in a "small gas field off nigeria". Not every company has the skill set of Osa to be able to pull this off even in the somewhat bigger partners owning aje.

Spikey dont under estimate the importance of Dr Babatunde Pearses appointment ...

" LONDON – ADM Energy and its partners are closing on a final investment decision (FID) for a new development plan for the Aje field in the OML 113 lease, offshore Nigeria.

Dr. Babatunde Pearse, ADM’s new chief engineer, will oversee FEED studies to support FID.

Current plans call for three new wells that could potentially significantly raise production of oil and gas liquids from 1,909 b/d in 2020 to 9,000 b/d.

Another goal is to harness Aje’s estimated dry rich gas of 1.1 tcf-plus to supply markets in Lagos and for sale through the West Africa Gas Pipeline."

you also stated ... "Aje has not been developed as it is a small Gas Field in Nigeria " .. for one aje has being developed as planned . phase 1 has reached its goal and now moves to phase 11. secondly aje is far from a small gas field with 1.1 tcf of dry gas in place. It also has significant oil and lpg reserves.

Londonfish .. thats my point ..seplat & co are spending 720 million on ANOH gas project .. and yet you stated.. "in Nigeria where getting paid for gas is difficult" that statement does not make sense when compared to seplat's investments'

Spikey .. the clues are there one of which is the appointment of Dr Babatunde Pearse

Spikey, The shorters other mantra that AJE gas is worthless is also a myth designed to suit their shorting agenda. Its likely that Trafigura will in assistance with adme /Osa finance the phase 11 develpment . I doubt if the world second biggest oil and gas trader would get involved in/ and provide finance for phase 11 of aje develpment if AJE gas was worthless. If any one can sell aje gas it will be Trafigura. I doubt also that seplat & co would invest 720million into the AHOH Gas processing plant in nigeria if the nigerian gas industry was in such a bad state that the shorters make it out to be.

Spikey, thats the mantra the shorters like to protray that aje is a small worthless gas field which is the excuse they will use when selling aje for peanuts if they get control of the company.
AJe is far from a small gas field with 380 million boe made of 28% oil; ie 106 mbo , 20% lpg and 52% gas. phase 1 was the pure oil leg production which paid for most of the development with no return to shareholders as debts are paid off. Phase 11 will see much higher productions with a mix oil, gas and lpg. The capital cost which will be far less than the initial development costs so should see a faster return to shareholders.

Yes next vote is a big move in the game of chess that is adme atm. If shareholders make the wrong move then Robertsham and his shorting buddies will win the game , checkmate adme shareholders but if osa wins the vote, its the shorters that would come under pressure as their big plan backfires.

London fish ... another casual outsider ... just like Spikey claims ... that keeps running down Osa and constantly down playing ADME assets ... as he claims self " now work as an escort going to whomever pays to do a full range from G&G, Drilling Management to / for Project Management for mostly start ups or to rebuild troubled companies.. My involvement in financing is strictly as a support tool to be dragged out and answer questions ...." .. I wonder now .. is he being dragged out and paid by the shorters ... to provide a technical viewpoint in down playing the companies assets ?

Mcadder ... wouldn't surprise me if the shorters were behind the whole delay in AJE ... makes no sense to be waiting 2 years for approval although covid does not help. Its well within the capabilities of shorters to sent in official complaints / allegations etc into the nigerian authorities slowing down the whole approval process . Every allegation and complaint must be investigated by the civil servants no matter how nonsensical which could add months to the whole process. The same shorters can then send their throlls on lse and other sites bad mouthing Osa and the board for delays creating mistrust and fustration, causing shareholders like align to turn against Osa ... repeat the same process for adme's other asset Barricuda and cause a shareholder rift in the company.... all part of the plan to get rid of Osa and take over the board and eventually the whole company for pennies in the pound.

Osa is not responsible for what goes on in petronor. Is doesn't effect the ongoing operations of aje , its possible it may or may not effect the timing of approval thats up to the nigerian authories but there is no material condition that would warrant an rns.
What I find odd about it though is the timing . According to reports The reason is “criminal accusation”. It was raised against individuals involved in the company. “ “The company is working fully with the authorities to facilitate the efficient completion of the investigation,” Petronor said. The company said Wednesday that there was no reason to believe there was suspicion of the company itself..... Looks like someone made a criminal accusation on the company and the official authorities launched an investigation... Would love to know who made the accusation ... it would hardley be the same shorters attacking adme or would it ? It would certainly suit their agenda potentially cause more delay on aje approval and a useful mud slinging exercise on adme ... Nothing would surprise me on the capabilities of the criminal aim mafia.

More mud slinging by shorters .. I suppose shorters will blame Osa for Covid next ...expect a deluge of nonsense from the shorters over the next week or two as they try and oust Osa..

How many hit pieces has that crook TW carried out on adme over the last month its nearly daily now at this rate. as the shorters get more and more desperate as sellers are miniscule .. so shorters are struggling for votes to oust osa and install their buddy who would bail them out with a cheap placing.