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Well done for adding. Been invested since pre-ipo and know TGR well. DYOR but think that the market has not worked out yet that this gap fill in the low 90s is a great entry point if you look at this as a medium term investment with exceptional return potential. Revenues to 31.3.21 were around £1.2mio, this will be much higher this fiscal year and next year we will rump up numbers even further. US listing in a month or two is another key uplift driver.

Great to see 4p, but this is just the start. Time will tell, but I'm here for medium term x5-x10 returns , and a far greater mcap, likely if they deliver on Buffalo and following similar exceptional deals next year and beyond.

I will probably take off the table 10% or so (but others will take off more) as I really think these guys will deliver. The chance of success on Buffalo is as good as it gets out there and we are talking an appraisal well on a field which produced, but nothing is guaranteed and it could be that the oil column is less than what they expect, although they seem to be very confident, and there could be therefore a pullback. If they are successful the upside would be massive and will also help funding other deals they are looking at. Other deals they are looking at are as per their statement again with exceptional potential upside. I asked them recently about their stated target in the presentation of 20,000 bopd by latest 2025, they mentioned that it was an initial statement of intent and their goals are actually in excess of that, time will tell. It essence any investment depends on our risk tolerance and appetite.

Agreed, 10p and beyond is very much likely on Buffalo success alone.

Got a feeling that the expected breakout is taking place with next stop 5p, let's sit back and watch.

Couldn't agree more. Have built a very large position and will only take off a bit of the profits on the way up and keep the main part as a medium long term investment ie 3-5 years. The ones who live their technical targets, see Zak today pointing out at 5p in a month or so https://twitter.com/ZaksTradersCafe/status/1450046730431512579?s=20

Agreed from this mcap we could repeat the RRE exponential return if holding medium term. For newcomers find here the link to the latest research by the corporate brokers Optiva and Tennyson https://www.advanceplc.com/investor-relations/research-notes/ These are based on Buffalo alone so future deals will lead to a target price increase

It's actually on this site, told them already that shs in issue and mcap are wrong and will tell them again. The good thing is that even £37mio is incredibly low when success in Buiffalo alone will deliver almost $300mio cash to ADV.

of a journey to mid cap if you are a serious patient medium term investor. Being buying here since new board arrived early 2020 on the back of their CVs, skin in the game and clear non exploration strategy to produce at least 20,000 bopd . If new investors listen to the last CEO interview (below link) they can see that Buffalo alone if successful as hoped will deliver to ADV net of all costs is around $300mio at $50-55 (and we are now much higher), therefore with a £35mio mcap we are at the start of an ongoing rerate to mid cap and potential x5-1x10 medium term returns. Bufallo spud in November and results in December and additional similar deals following next year and beyond will drive share price https://m.youtube.com/watch?v=UZh1gj_Kj5I&feature=youtu.be

Latest interview with our CEO for newcomers https://m.youtube.com/watch?v=UZh1gj_Kj5I&feature=youtu.be

No wonder they picked ADV, if you invest in this sector this is the best chance of success appraisal well with imminent drill and exceptional upside potential from the current market cap. As we suspected ADV will not be below radar for much longer.

Great article! Next week should be very interesting https://www.thisismoney.co.uk/money/investing/article-10098579/MIDAS-SHARE-TIPS-Look-oil-Advance-green-Harmony.html

Pleasure DeepBlue, sent to him a few of your points and he mentioned ‘this guy is pretty knowledgeable’ ! Last one from me, he mentioned CO2 is not an issue with this field.

Deep blue just messaged one of the ADV board members and he has confirmed that its around 30-35 days drilling time and logging etc so results will be known by then. Plus he mentioned that the Detailed well program has been done by Petrofac

Great to have an expert in the sector to provide an informed view. Thanks DeepBlue.

DBD, thanks for the very detailed reply. Out of interest if you don’t mind telling, I have been 30+ years in finance and now focus only on my investments and interests, is your background in the oil sector ? Thanks Stefano

ST I have read the CPR in detail and speak regularly to the board and I’m convinced this will become a mid cap with exponential return potential, hence holding almost a TR1 position here. We often get views from investors who have no experience in this sector, DBD is very experienced when it comes to drilling and geology, so it would be interesting to hear what he thinks, as simple as that.

Agreed DeepBlue no need to be rude. As you are familiar with drilling wanted to get your view again on the Buffalo 10 well and your expected result. I’m heavily invested as I think these guys are well placed to deliver on this and other future accretive deals, but would like an expert opinion re likelihood to find an undrilled attic and possible thickness of any oil column. Thanks ps clearly just your opinion and we all have to make our own investment decisions

I'm here medium/long term and only take a bit of profit off the table, but some are trading the 3.1-3.7 range,,,, and I expect that to break in November/December and we will head to 5 at least and clearly a positive drill will see us going to 10 and beyond.

As usual simple profit taking by some part of any rerate. DYOR but for me this is a top up area in the low 3s as plenty of churn has gone through and we are getting closer to spudding the appraisal well with the best chance of success out there.