Member Info for Hms687

As you said yourself Amin, the markets like certainty and currently I don’t believe we have that level certainty yet.

Yes I’ve “traded “ oil shares before like Shell, BP and Premier but never a minor like Adv before. Tbh I’d never even had heard of the term “Spud” before let alone it’s significance.

Now even I can see the enormity the spud will bring - a great great way to endorse a bit of certainty. Should see a major SP boost when it finally happens ( by the same token a loud markdown if any more delays arise).

In reality I’m expecting an earlier than the latest forecast of handicap er and spud.

Many many thanks AJ1409, brilliant work

If only we had pro active people like you and NoEasy and one or two others actually working for Adv, Thad be excellent

Let’s see if Adv can for once start moving the rig ahead of the conservative timescale guven

Yes, a 200 page Action Plan is already in place. But I’d say your suggestions are fair.

The details regards the capex potentially might be diffucult too. But Easter 22 certainly should be a great time for us all

Rumfella, read my words, watch my lips metaphorically befire you start throwing your childish accusations mate

Ontarget, and I genuinely mean this in the nucest way - for you to even ask that question implies to me that you are another o&g person.

What I would’ve expected is what a normal investor relations or another office(r) dealing with communications would be expected to do.

Look, it’s not my job but some simple tweet or briefing such as :-

We are in daily/weekly/communications with jadestone/Carnarvon/ drill team

We are currently delayed because........ and the length if this delay will be impacted by xyz. The financial cost of the delay to xyz wil be £...

He licence note vaguely mentioned is ......

As chief exec/bod we are working in your interests by xyz

Nonsense Rumpoker - where does it say that in o&g it’s normal to be incompetent to say the least ?

I just don’t get it . The o &g on the one hand believe spud is very critical; but then criticise people like me who question the progress or lack of.

As it happens, I will be delighted not when rig moves but particularly when the predicted positive results are in. I’m experience and I know what I’m doing - in this case but and hold. But I’m well networked in my part of the world and publicised my support if Adv

The other thing, let’s be honest most people on bb’s are actually traders of some sort or another and as such are affected by things like margin call and so on

Yes I’m ok, but many of tge people I’m in contact with are not including many on here

There’s nowt much wrong with wanting straight talk cis believe me, ALL CEO’ s have tge ability to come across swarve, smooth and sophisticated. Me, I don’t like bs

Bladey : thanks for that post. Even though we won’t always agree I respect your contributions immensely

Milcsit : what you e posted has been duplicated again and again these past few weeks - promises upon broken promises

In this game it disent do good to just blindly follow what’s been told

I nice again jezzac thanks for highlighting all the previous communications, all of which I saw at the time- indeed they were the reasons I invested in the first place

But now is the time push comes to shove ( or spud) and we’re being left with unfulfilled promises which begs the question what is going on

Peterson needs to go on his desktop and give an update, proper update with a bit more details rather than plucked from the air timescales

The rig is not moving !!!

I thank Hezzac for the communication just quoted but frankly it is not enough at all !

Firstly we have had similiar communications about spud being early November, mid and latr November - all failed so far.

Secondly we could do with more info about the required licence

Thirdly what penalty arrangements are there favourable to us ( if any)

The relatively latest preparatory movements - why the heck should we ha e to rely on these day updates some ami get us so nicely provide

This type of business amongst other things requires confidence and Peterson is simply not helping

Jezzac : would you care to discuss if I’m tge firmer or the latter ? I’m very happy to discuss

Who the heck cares who announces first.

I’d like to know the odds on yet one more deadline being missed- possibly evens I’d say.

Peterson has been leading all up a right country path and I’m sure the shorters and the fraternity in the know are milking it

Adv if good managements should’ve built in nice cosy penalty payouts to us fir each day the handover was delayed

Bladey, I too have an HL account. I also have ETorro, Freetrade, and what I still call TDWaterhouse as well as Deal for Free

In my main accounts I keep five figure sums but some like etorro are what I call pocket money accounts to you in crypto’s and indices

More significantly I have five figure sims invested in an EIS fund and also I loan money to a property developer for generous fixed returns on an monthly basis

So forgive me when I didn’t clarify earlier about difficulty switching g funds - I’m talking about major amounts going from one acc to another completely different set up

I’m not really referring to pocket money amounts !

I am bovewer considering another five figure addition in Adv but that with an EIS fund already doubled- but it’s simply not easy to switch from one share to another as in what we do with HL

For all main amounts I’d e expected most people to be already fully invested. After all, why invest at 4p when you could literally have done so at 3p

Anyways

Please try to forgive my typing - blooming auto correct on my already tiny smartphone

I would’ve typed more carefully but often I do that and then suddenly the page drifts disconnected lol

“If it falls then I will sell others and invest in Adv“;

- oh it only it as that easy ! It takes time to close a position, for that position to complete; then time to transfer to buying Adv.

- but the one I enjoy even better ( find even funnier) is “ if the sp falls I will buy more” Yes people do this but only fir so long. Then the funds simply aren’t there ( otherwise they’d already be invested here from a much lower sp). Hiwdirver, tge people that say this will have my vote to be the next Orime Minister - they seem to have found the magic money tree :—)

Just for absolute clarity, it’s not the delay that I’m angry about. I’m angry about the communication used (abused) by Adv.

Clearly many in here have polarised views which dosent afford criticism of Adv and obviously that’s each persons perogative.

The good thing is that there is something like a 90% chance we will all be celebrating soon anyway so that’s a huge positive

Yep Amin, knowing my Mrs as I do, that’s extremely good advice

Not completely off topic and I really had to laugh with the opening on the Andrew Marr show. Something about 269 cases and “ confirmation” that omnicon has infected vaccinated persons

Xmas question to snog or not to snog lol

Yes it was made clear to me that spud would be early November; but then it was made clear it would be mid November; and then late November; and then/now mid December. To be fair I know that could mean December 2022 not just 2021.

Look, I’ve been invested here since this years placing and it’s around then that I learnt the importance of landmarks like a spud. Yes of course I realise there can be delays but this was getting ridiculous. Sadly some people have got emotive/defensive about the company and keep praising Peterpans communications - each to their own I suppose. Personally I’ve never ever been one to wear tinted spectacles

Well Bladey, I certainly do not share your appraisal of the company. Anyone thinks they e updated enough is living in absolute cuckoo land. No one is asking for a costly RNS; no one is asking for divulgence if any sensitive information either. Much of OR is actually free.

I’d like to avoid getting into a to and fro with you or anyone else. But I for one certainly am not happy with the bid performance of late. If the spud and results were do so forthcoming then trust me the markets would not have been so forgiving.

Let’s just hope that there isn’t another ginormous f up for all our sake

I learn as many have pointed out that the rig delay can sometimes happen. The f up is particularly in the way the news has been managed (or not) by Adv . In a business where the actual spud appears to be so crucial then you just cannot continually keep revising the date otherwise we’re gonna be waiting until Christmas- not the 2021 one either.

F up as in not keeping investors properly informed- by that I mean more than the odd statement at AGM or RNS. It’s 2021 ffs use the internet, have a direct set up.

F up as in the crap global so called new variants - though I accept totally that’s not the fault of Adv

Get real folks, people like Leslie Peterpan knows exactly how badly they’re doing and make no wonder theories abound. I honestly wouldn’t be surprised if some in the know shirts have been taken

Yes Leslie is a smooth talker, he has credentials- but these can’t allow him to be carried forever

All I’m wanting, all I’m expecting, is some straight honesty