Member Info for Greg25

I'm invested here because I believe that I will make a profit from my investment, just like everyone else who invests in shares, no fraud about it.

Doubleup on the other hand are a complete fraud, he's constantly deramping when it's quite clear that he has actually bought in .

Good Luck All Shareholders

All this De-Ramping and people coming out of the woodwork, Bodes well for Sure.!

Good Luck All Shareholders Exciting times ahead here

0.15 is the floor, the share price below is only temporary as we wait news.

I'm not going to show you anything of my research, I don't need your validation.

I do trust other shareholders and show them my research.

Exciting Times Ahead Here

Hi Guys,

Looking forward to seeing some sort of update regarding how the workover is progressing and at the same time happy to hold and wait longer term, for the bigger picture this is just the start of a massive turnaround in fortunes.

Doubleup, I'm right about the rejected offer's from other entities. No one is interested in your daily price move sell/buy deramps, you're a complete Troll this company share price is at the ground floor levels and the upside potential far outweighs the downside risk. You know that very well and that's why your in here constantly deramping every angle you can dream up with your pointless questions. You say death spiral financing (regarding CLN) even though it's the second time the company has had a CLN , which just disproves your pathetic arguments.

Exciting Times Ahead Here

Good Luck All Shareholders

Hi , that's great news and congratulations on your investment.

I too see this as a positive turning point, Simon Gorringe didn't entertain offers from other entities and with what he had planned up his sleeve, I can see why.

The true value is having a longer term approach knowing the share price is in the ground floor range, as they build up a strategic portfolio in Indonesia and nearer home.

Exciting Times Ahead Here

Good Luck All Shareholders.

Yeah well it was just a rumour someone said they had bought in at, they knew certain things and some of the things they knew were slightly wrong. So could well have been an educated guess.

Anyhow, I'm looking beyond the 4 well workover, there's a lot of upside potential for at Betun-Selo for ADL & CAV, Indonesia is desperate for home producing Gas and Selo has 33bcf with serious potential:

"Selo field offers substantial upside with a number of highly productive formations that can be accessed by one well"

ADL will get there initial £500k workover investment back, through revenues from workover, after due diligence will take a participating interest and look to develop Selo Gas field, most likely to re-invest the £500k & use extra revenues combined with CAV investment, could become a very lucrative prospect for all concerned.

Exciting Times Ahead Here.

Good Luck All Shareholders.

I've messaged Mike the rumour and we'll see what he thinks.

I'm not suggesting anything, I don't know anything about forward selling a placing either.! That's not what I heard at all.

0.15 is the floor, it's temporarily lower as we are churning shares, estimate for another 210M or more TR-1's .

You reckon you've got an account buy it sounds like you've missed out blue

Yeah, just a rumour perhaps Christian would know more.

That's the rumour, perhaps you should have an account with Optivia

Absolutely fine, another 2M shares chalked off , these guys bought in at 0.10 so we can see what their flipping at.

Hi Mike,

It's a given that the workover will be a success, it's just a small part of the bigger picture in Betun-Selo and further projects in Indonesia for ADL.

The Gas is the major prize at Selo:

"we believe the Selo field offers substantial upside with a number of highly productive formations that can be accessed by one well. We are very pleased to be working with PT Celebes Artha Ventura (CAV), the major shareholder in PT Petroenim Betun Selo (PBS), the Betun Selo KSO Contractor and are very positive about the opportunity to enter into more oil and gas development and production opportunities with CAV over the longer term."

Exciting Times Ahead Here

Doubleup just asks pointless questions trying to de-ramp.

How stupid & desperate is this statement :

"My point is Greg they are a private company meaning having shares in them is worth nothing."

Seriously, CAV Celebes Artha Ventura PT. (Largest by asset venture capital fund in Indonesia) and he's trying to make out that securities in the above company are worthless.

Exciting Times Ahead Here.

What a troll You are.!

"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"

According to your assumption, institutional investment companies don't invest in private companies.!

Exciting Times Ahead Here.

You clearly don't know what you are talking about.

For financing to become a death spiral, the share needs to be shorted.

If a share is generating positive revenues, then death spiral will fail.

There's no liquidity to short this share.

ADL will be generating positive revenues, if the fail to generate positive revenues then they will be repaid (in full for all money spent) in shares from CAV (largest by asset venture capital fund in Indonesia)

ADL , has stated that after due diligence, they will take a participating interest in the Betun-Selo project, taking revenues and full development with co-investor CAV.

Exciting Times Ahead Here.

Good Luck All Shareholders

This explains Optiva RNS and maybe more to come:
Accordingly, the Company will issue 373,333,333 ordinary shares at a price of 0.15 pence per share to the loan note holders in accordance with the terms of the Facility. The loan note holders are clients of Optiva Securities Limited and the Company will update investors in due course should any loan note holders hold a notifiable interest in the Company."

The good news is, that all the extra shares will have been churned (those that are sticky)before end of workover.

Good Luck All Shareholders

I estimate approx 215M shares left to be flipped or more TR-1's to come here.

From drawdown not facility

RNS 29th March Optiva holds INDIRECT 59,292,583 shares.

RNS 1st August Optiva holds INDIRECT
63,992,583 shares.

4.7M more.

The participants of CLN facility have their shares.