Member Info for Hms687

Oil is currently well over $70 barrel
Multiply by millions barrels ti be produced

Your mind will boggle

FromRNS of 13/1/23 :—

· A well-understood existing production base, generating immediate revenue

· A material 2P net reserve base of 3.85 mmbbl and a 2C net contingent resource base of 22.96 mmbbl, located across four core assets as assessed by SGS Nederland B.V, and included in a Competent Person's Report ("CPR"), which will form part of the Admission Document to be sent to shareholders in due course

· A commercially attractive programme with the economic results of the CPR describing an NPV10 valuation of €52.8 million from the development and production of the 2P reserve base, assuming, inter alia, capex of €15.7 million for a 3 well programme and facilities upgrade and utilising forward oil pricing as at 14 November 2022

I’d exoect 1p at least even after consolidation

Then perhaps 10 x higher by next two years

And Leeds United will be in Europe

FromRNS of 13/1/23 :—

· A well-understood existing production base, generating immediate revenue



· A material 2P net reserve base of 3.85 mmbbl and a 2C net contingent resource base of 22.96 mmbbl, located across four core assets as assessed by SGS Nederland B.V, and included in a Competent Person's Report ("CPR"), which will form part of the Admission Document to be sent to shareholders in due course



· A commercially attractive programme with the economic results of the CPR describing an NPV10 valuation of €52.8 million from the development and production of the 2P reserve base, assuming, inter alia, capex of €15.7 million for a 3 well programme and facilities upgrade and utilising forward oil pricing as at 14 November 2022



· Access to a built-in growth pipeline of onshore, material, high-margin, low-risk and near-term development and appraisal opportunities



The Proposed Transaction is considered a reverse transaction under the AIM Rules for Companies and is therefore subject, inter alia, to the issue of a new AIM Admission Document and obtaining shareholder approval for the Proposed Transaction.

Full details of the terms and conditions of the Proposed Transaction are available on the Company's website, and in particular the Company's announcement dated 16 December 2022.

In addition to the Proposed Transaction, the Company was delighted to announce that Interim CEO Larry Bottomley has agreed to become CEO on a permanent basis. Larry's appointment will provide certainty and continuity for the Company as we progress the yes

I know we’ve all been badly bitten here but my strategy is to look for a price to buy at not sell - I’d say any price sub 3 or 4p would be a bargain long term

vaguely relevant as it’s the same industry and talks t/I’d

Sadly, it’s completely the wrong company to us - were no longer called Advance Ebergy key alone Advance Energy Holdings. Also, we’re listed in London not New York

Blubay: it’s all about the timeframe, and yes there is potential fir a little “churn”. But production and profitability is not very far so definitely buying opportunities

reading all the updates so far, one would think the thing to do for all lth is to invest a bit more at the discount prices available for holders next month

But what odds to be shafted even a second time - certainly a worry we can’t psychologically detract

It has always been my opinion that Mr Oetrrkin should by now be locks up in prison !

Not just him, tge writers of the CPR fir example.

Also, I ploughed in a very very serious amount of my money based in broker recommendations - frankly they were useless, evidently.

Anyways, I’d sold most of my holding at the fire sale prices but still have an amount some bought at tge new ultra low sub 0.2p price

I’m a massachist perhaps buti still do intend to top up a little when I get discount prices next month

Good luck all - keep the chambers on ice

The (new) info is regards the millions of barrels of oil in the ground awaiting production - at how much x dollars per each barrel minus costs

We’re basucally looking at a cash cow all things being equal - but those are important words indeed - ALL THINGS BEING EQUAL

ShareInvestment : well done mate, looks like your longstanding faith in this company I’ll be rewarded in full.

I see a rebate x 10 by end next year very easily. Let’s all try to stay calm but dare I say it - looking at the update, maybe even a potential mid cap in a few years time
Good luck all

You need to look at the millions of barrels of oil to be mined @ what $70 p barrel ? Mind boggling
Current market cap as a shell is only about £3M

Well, as I said earlier, the figures potentially mind boggling ! 4,000 barrels p day; reserves 3.85 m b
Current oil price I’ve over 70 $
Current mcap is a mere £2.85 m

Go figure

As long as it’s not a de ja vue, I’m happy

Personally I’d get a little money ready to increase holding by end February or March

A hold for two or three years may bring exceptional returns

But, as always, it will be a risk

Investor presentation :- seems to be more promises and dreams but essentially our shareholding will be diluted. Equity value and trading should be by March 23.
We will get “opportunity“ to buy shares

The figures talked about really were
Mind boggling in terms of potential millions of barrels oil drilled - but CAN WE TRUST AGAIN ???

Very bold update again

I doubt if you’ll be able to either buy or sell this share in January

Wasn’t it about this time last year we were told the Champaign was on ice ?

What’s that George Michael line on his Last Christmas ?

Oh yeah : “ Once bitten, and twice shy, I kept my distance, but you still catch my eye “

That’s Advance for you or Beacon or whatever. You broke my heart and my back; please don’t do it again, I beg you !