Member Info for Jarv55

Think you may see a Ukog rise here looking at the chart

Clumpet lol

Got the next target as 12.34 here at the 200ma https://invst.ly/81zoa

What big news is that then? Care to elaborate

Adl moves fast either way it we get good news you won't be able to buy

anyone tried to contact the company to find out if he is still over there?

If it can break 1.40 next stop is 1.48 at the 100ma https://invst.ly/81yph

Lol Pboo will dm you on twitter

@Wealdoilers then I apologise your posting is very similar.

Sting no need for the name calling just shows how immature you are as well.

Anyway not going to get into a spat on here but Pboo I do think you are Adrian

Pboo I would take it up with him on twitter however that is difficult when you get blocked after making one comment.

Munro agreed appreciate all the pics taken but he only likes rampers his exact words to me why are you deramping Ukog all I said was I thought SS should have shares as well as options he said I was undermining everything he was trying to achieve quite ridiculous and childish if you ask me. There has to be balance in any investment you are in.

The risk is they won't get permission so maybe scale in.

Anyone got any info on these projects? ADL are in advanced negotiations, on several Indonesian assets. Bunga Mas, which contains real production upside, Ramok which is already producing 60bopd that could increase to 300bopd, Pilona TAC and the Deras field

So, here’s what we know and why we know it. I’ve been to Indonesia several times. I’ve built up good connections within Jakarta, Sumatra & Pertamina, have met plenty of Indo’ operators. Such as Fosters Oil. That’s a fact, like it or not. BMD isn’t an armchair commentator. I get about. I’ve had a site visit on two of these fields. ADL are in advanced negotiations, on several Indonesian assets. Bunga Mas, which contains real production upside, Ramok which is already producing 60bopd that could increase to 300bopd, Pilona TAC and the Deras field. They’ve coughed on BM and I’m fairly confident that they are in discussions on at least two of the other licenses mentioned, (whittling them down to 1/2 on their due diligence (DD), that’s because those who own BM also have an interest and knowledge on the above. I’m not going to release the Fosters oil info due to the fact that I don’t know if ADL have been talking to them. Fosters asset produces 600bopd with a workover potential of 2,000+ bopd, which seems unlikely ADL could get.

In comparison to BP they’re small fields but for a minnow oiler on the AIM, each one of them will bring significant oil & gas production to the company subject of course to a deal being struck on favourable/fair terms and percentage/s taken. Now remember the asking prices are what I call ‘Indonesian bluff’. That is to say that any final deal will be at a considerable discount to what is being asked. The structure of a deal could involve paper being issued (Stock) as well as cash tied into production Or a combination of debt/stock/placing or taking on a new director etc. The difference here post Whitby the dreamer, who not only destroyed value but also ADLs reputation within Indonesia, is that Gorringe and Jorgensen are pragmatists who are having to reach out and re-build bridges, while confronting the demons, fortunately they’re in discussions with companies I have talked with for a very long time. My information was gleaned well before ADL came knocking.

Not everyones cup of tea but worth a read. https://guerillainvesting.co.uk/2018/06/16/andalas-energy-power-whats-going-good-read/

Paul the management have a lot of work to do here I certainly wouldn't be praising them. However they are sitting on huge losses too so it is in their best interests to get the share price up. MC is tiny and that is what it is all about.

Floyd think you will find the amount of shares they have hasn't changed the placing will have diluted them.

https://www.energyvoice.com/oilandgas/north-sea/177190/north-sea-suffering-as-majors-offload-assets-says-analyst/

Bottom line if they can increase news flow here with assets that have potential revenue, investors will come back in. Of course they will need to raise more at some point.