Member Info for mcadder

Agreed we may have a stronger balance sheet but the timing of the placing suggests to me that any chance of decent contracts are some way off. Otherwise if they weren't the placing would have likely followed on the back of these with a much much more favourable SP

The mention of no more fundraising for the next 12 months or more was in the presentation which subsequently got pulled only an hour after it was uploaded the day after it was shown live to investor's that watched it.

Going off the last placing it dropped from 30p to 16.5p so it's anyone's guess where in the teens the SP will finish off before this stabilises again

The thing that never ceases to amaze me here is that with the last 4 placings the SP tends to spike upwards the day before or just hours before leaving lot's nursing hefty paper losses. That's the thanks people get for supporting the company over the year's!

Utter shambles but well done JW for your efforts to create shareholder value ffs

If JW was on this bb there would be quite a bit of rudeness being expressed tonight in the form of a lot of key strokes ;)))

Oh dear.....

Rinse repeat cycle 26

They can't sell forever. This is on the verge of a very strong reversal

This for me marked the point in which to be getting back in today. Having sold out at 42p a few months back this is now far too good value to miss!

Looks like P&D round 10, too many too eager to sell out here in any rise

This is like a slow motion car crash....

Wow what a shambles here, thanks for digging and posting what you found. Unless ADM communicate something about this to shareholders in the next couple of days I would say it's looking more and more likely to be true.

All the ducks lining up nicely for next year kainos that's for sure! Nice few twitter updates over last few days too

Another small add for me this morning for 1.6M @0.0798p - update on the initial 3D seismics must be imminent...

Chuditch -

"indicates gross Mean Prospective Resources of 3,368 Bscf of gas and 30 MMbbl of condensate, equivalent to a total of 592 MMBOE. The High Estimate of gross Prospective Resources equivalent to 1,156 MMBOE may reflect potential for a single, large accumulation.

We expect that the 3D seismic reprocessing work will deliver data seven to twelve months from commencement. Seismic data interpretation, geological and other studies will occur in parallel during this period. The results of the studies may have the potential to reclassify the resources in the Chuditch-1 discovery from Prospective to Contingent, as defined by the Society of Petroleum Engineers’ (“SPE”) Petroleum Resources Management System (“PRMS”).

The Board believes that the following events represent key potential value inflection points for the Chuditch PSC project:

final results of seismic reprocessing anticipated in Q1 2022;
the decision to enter into a drilling phase anticipated in Q4 2022;
the potential drilling of a high impact appraisal and exploration programme anticipated in 2023."

The potential is truly staggering and tineline wise it's starting to get very very interesting!

I wouldn't believe a single word being posted by certain posters on either twitter, telegram or even here - this share is quite obviously being played around with trying to pump it and suck people in to allow those to sell out. The smart ones know the right time to load up and it's not far away......

All those months ago when AM mentioned in an interview just after suspension that he expected the shares to be rebased much higher than where they were upon closing I think he forgot to add that this would be the case following a massive 100/1 consolidation!! Putting the consolidation to one side this is actually down nearly 30% from the suspension price!!

MM's seem happy to take massive volumes - can sell 30M in one go right now. Not seen that for a while...

Agreed Teaye - and the claim by a certain poster of no drilling till 2023 is simply irrelevant which is not true anyway!

"The ongoing sophisticated technical work and the scale of the mean Prospective Resources, now independently evaluated to be an aggregate of 592MMBOE (gross), are believed to be of a sufficient level to attract the interest of major regional gas players and other potential funding partners."

Trade this one now at your peril. Significant upside here with a fast closing window before material progress lands and catches many out