Member Info for JEZZAC

A second acquisition would certainly throw throw a moggy amongst the birds..

M99
Yes mate ive been using tradingview for quite a few years now and its an excellent platform to use. As i mainly trade FX and Options i find MT4 easier for FX and i use tastyworks (great name :-) ) for options trading..
As ADV is still a young company i believe using the 200 is a bit useless at the moment as not enough historical data. aimho
So looking at the chart no golden cross for me im afraid unless ive missed something obvious but as you say ADV looking good and long may it continue.

Tweeted out.. Worth a quick read.

https://t.co/PVxKHDfcio?amp=1

The ol Golden shower cross over :-)..
What MAs are you using ?

@Mairi Some weekend reading .. :-)
Good place to start... https://www.advanceplc.com/operations/legacy-assets/timor-leste/ with a link to
https://www.advanceplc.com/media/1092/risc-cpr-buffalo-23mar2021b.pdf

Out of auction, dropped a smidge..
now 3.07 - 3.16

Just gone into auction... mmm

@simbah the previous podcast also mentioned a gas deal so lets see what we get, maybe both :-)

What is a BRIDGING Loan? ???

Agree..
Time will tell.

Nearly a year on and what a turnaround (hopefully) for East Timor
September 26, 2020
COVID-19 wipes out East Timor's dreams of oil and gas riches...
https://asia.nikkei.com/Opinion/COVID-19-wipes-out-East-Timor-s-dreams-of-oil-and-gas-riches

July 01 2021
East Timor could bag $600 million as driller gets set for Buffalo
https://www.energyvoice.com/oilandgas/asia/334315/east-timor-could-bag-600-million-as-driller-gets-set-for-buffalo/

"Whilst it does carry some beta" for those of you that may not know what beta means in trading its basically means risk.
The higher the beta the higher the risk....
Its part of the "greeks" that is mainly used in options trading but is still applicable here.

Commenting on the update, Advance Energy’s CEO Leslie Peterkin said:

“We are pleased to see this contract finalised as it brings us one step closer to the drilling of the Buffalo-10 well which is on track to commence in 8-10 weeks. The Joint Venture has contracted a first-class rig that is arriving hot from its current activities which ought to support the safe and efficient drilling of our well.

“The Buffalo-10 well has the potential to be truly transformative for Advance Energy and its shareholders given the materiality of the resources associated with the Buffalo field. We are growing increasingly excited about securing a clear understanding of the field’s long-term potential after an extended period of technical evaluation to get us to this point. Given the significance of this event to our shareholders, we intend to provide regular updates at all the key milestones associated with the well.”

I have liked the look of Advance since it came to the market and with Buffalo-10 fully in sight I think that the risk out there is of not being in the shares in the 4th quarter. Whilst it does carry some beta which only drilling Buffalo will eradicate, I think that this excellent management and operational team may have something here, the potential upside is indeed substantial.

https://www.malcysblog.com/2021/09/oil-price-genel-challenger-falcon-uog-advance-serica/

Advance has provided an update on the Buffalo-10 well drilling operations. Further to the announcement on 30 June 2021, in which the Company announced that the Operator, Carnarvon Petroleum Limited, had agreed a Letter of Intent for a jack-up rig for the Buffalo-10 well, the Company is pleased to announce that the formal rig contract has now been signed with Valaris Limited for the VALARIS JU-107 jack-up drilling rig.

The VALARIS JU-107 jack-up drilling rig is currently working in the Timor Sea, on the Montara field 300 km southwest of the Buffalo field, and only a short tow away from the Buffalo field. Carnarvon is expecting to take possession of the drilling rig upon the completion of the current drilling operations, which is currently planned to occur between mid-October 2021 and mid-November 2021. Once these operations are complete, the rig will mobilise to the Buffalo location to commence drilling the Buffalo-10 well.

The final well timing will be subject to securing the remaining drilling support services and equipment, and joint venture and regulatory approvals, all of which are well progressed. The Buffalo-10 well is designed to test the presence of a significant attic oil accumulation that remains after the original development was closed-in and convert the 2C certified resources of 34.3 MMstb to 2P (proved plus probable) reserves following re-certification.

@Seagull.. Agreed and in a previous interview he was alluding to a gas play.. as they say watch this space.

Advance Energy CEO Leslie Peterkin on the rig contract & drilling plans at Buffalo-10 #ADV

https://www.pscp.tv/w/1MnGnlwgXzyxO

Filter away someone who supposedly works in the oil game call himself oiler :-) Thats original.
You are obviously too stupid to understand risk management anyway.
You even mention each to their own but you dont like it if someone else takes a different strategy to yours.
I never said i caught the bottom or sold at the top as thats just BS, if you had and others had bothered to read the original post it was in reference to IIs not retail traders..
"As ive said previously i dont think there is mysterious sellers lurking in the background, imo the price action is typical of these types of investments. Big buys followed by sells but still accumulating and derisking at the same time. Control the VWAP you control the SP.. Buy at 3p offload some at 3.5p rinse repeat until you have a free run at the spud date" If you think IIs will just go balls deep into a company because its 95% COS you are a fool.
As for dribble the costa machine is broken in the Esso garage you are working in so go fix it oil man..

@Pheobus. Some good points in your post and as I've said previously down to the individual.. Q. Would you prefer say a £20k free run investment or a £25k fully risked investment.

@Oiler Derisking doesnt mean taking your money out. :-)

Nope wasnt "Pete" so we may have a copycat on twitter.
My individual strategy isnt a secret my strategy is to make as much money as possible.