Member Info for Greg25

Review paper conclusion:

"In many respects, SFN would appear to be an excellent candidate as a new therapeutic for patients after SAH. The lack of a practical formulation for clinical use has prevented trials to date. However, SFX-01 (Evgen Pharma) represents a novel solution to this by complexing SFN with a-cyclodextrin to produce a stable powder that can be used clinically. A randomised controlled trial of SFX-01 after SAH is underway (NCT02614742)."

Ticks a lot of boxes.!

Yes, it was great to actually see them making a start.

I'm looking forward to seeing BTN 14 up and running, with a clip of the running meter, as it's being pumped to market.!

As soon as the 4th well BTN 14 is on stream, ADL will be generating revenues.!

70 bopd threshold from 3 wells will be crossed.

Exciting times ahead here.

Hi Guys,

It's a great time to buy in, with the first well workover in progress, as soon as it's completed the oil can be pumped straight to market.!

"Production is shipped to the Pertamina EP Adera field through a 4" trunkline. "

Good Luck All Shareholders

Hi Guys,

All the extra shares, are now live, as an existing shareholder took around 6.5% they'll be RNS soon as well as updates regarding Betun-Selo project. (4 well workover to increase bopd & 9 month "proof of concept" )

Good Luck All Shareholders

Hi Guys,

These two sentences says the results will be good, from 18th March RNS:

"Following discussions with our clinicians and statistical advisers, we have decided to unblind the SAS trial's primary and secondary endpoint data at the same time. "

"This approach will maximise the commercial value of the dataset from the SAS trial."

EVERYONE KNOWS, YOU CAN'T COMMERCIALISE A FAILURE.!

Good Luck All Shareholders

Hi Doubleup,

I know what the BOPD was at Betun for the last 3yrs and there's nothing to worry about here.! :)

Hi Guys,

It looks like support has been found.

The company has 1,457,418 warrants going to expire in October 2020, exercise price of 37p.

Currently the share price is 115% below the warrants exercise price.

I fully expect them warrants to be exercised before the expiry date.

More positive results due here, next few months, makes today's share price really good value.

Good Luck All Shareholders

There is also an extra 10-20% incentive, within the KSO, for the production of Gas.

ADL have embarked on a 9 month " proof of concept" with very near term oil revenues, future drill to production with Gas revenues, a co-investor of PT Celebes Artha Ventura (CAV) (www.celebescapital.com).

For a company with such a small MCAP, it's a real game changer.

Good Luck All Shareholders it's coming home :)

Hi Mike,

Yes, there will be plenty of news flow over the coming months.

It looks like ADL, could have been in situ as early as April this year.

The more, I research, the more I'm thinking it's the Gas at Selo, is the main target here.!

The 4 well workover, at Betun, to increase the BOPD is a given. That will happen.

Selo Field: (Gas)
• Initial drilling prior to WW II. Field shut-in in late ‘60s. Wells temporarily abandoned.
• Contingent Reserves between 1.3 – 4.3 mmbbls (2)
• Any new drills will unlock the true potential for the field
• Some 33 bcf of gas available for commercialization in an area urgently requiring gas

Simon Gorringe :
"In addition, we believe the Selo field offers substantial upside with a number of highly productive formations that can be accessed by one well."

This is what is meant by Full Field Development.

Good Luck All Shareholders, in time they will drill for Gas at Selo.

Hi Guys,

This Betun-selo project has been in the pipeline for a while, Now it's happening:

"Planned Operations & News Flow in 2019
• ADL takes over operation from 5th April 2019 to optimise and increase
production - including workover of 4 Betun wells as well as further in depth
GG&R work to assess potential
• On successful completion of due diligence programme ADL will execute SPA
and commence full field development"

There's that and you're implying that the costs of extraction are higher.!

In actual fact, it's excess casing gas causing problems, hence the workover and hence "installation of casing gas compressors and pumps with increased capacity "

For Clarity though,

The RNS actually says:

"Currently, BTN 03 is shut in pending workover by ADL."

So Doubleup is trying to misleading in his comments.!

Hi Doubleup,

Agree your exactly right, regarding shut in , one of the 17 wells actually had a blowout in the past, so I'd imagine that they have been extra cautious.

Hi Doubleup,

Quality Research Mate.!

It's coming home lol ;)

Doubleup,

If the bar is 70 bopd (from 3 wells) do you really think there won't be an increase in bopd from 4 wells operating.?

It's coming home lol :)

Haha yes and they will speak again.!

The market likes good figures and they will come here, starting in just a few weeks too :)

Doubleup,

There's nothing to argue with, you point out previous projects, and regarding Colter & Bunga Mas, I don't really see what ADL could have done differently.

Everyone is entitled to their own opinion.

ADL has used 26% of it's drawdown and most probably can't drawdown anymore until certain conditions are met, but you keep saying they'll be more dilution.

The facts and figures will speak for themselves and the Share Price will follow suit.

Doubleup,

Well we'll just have to wait and see, near term revenues (from oil production) are coming to ADL.

Opportunities from the likes of PT Celebes Artha Ventura (CAV) (the largest venture capital fund by assets under management in Indonesia), doesn't come along very often.

It really is a golden opportunity for ADL.

Exciting times ahead here.

Doubleup,
"to work and coinvest with us in optimising production from Betun and developing the Selo field."

When they took over the KSO, Betun field had 17 (oil) wells & Selo field had 19 (gas) wells.

ADL will be accessing Betun-Selo for some time afterwards.

Doubleup,

Hendrik Kolonas, President Commissioner and CEO of PT Celebes Artha Ventura said: "We are very pleased to invite Andalas Energy & Power to support us in the development of the Betun-Selo KSO. For some time we have been looking for a strategic partner experienced in oil and gas in Indonesia to work and coinvest with us in optimising production from Betun and developing the Selo field. We are also excited by the possibility of working with a strategic partner on other similar projects in Indonesia."

Services Agreement NOT investment.!

Let the numbers dictate the share price.

Exciting times here