Member Info for ShareInvestment

Of course patch. In any case it does show that this new board looks at deals with a truly transformational size for a company with our current MCAP.

Very interesting patch, the economics are incredible.

As good as it gets and the risks are reduced by the fact that its an appraisal well on a proven oil field, which should make funding the deal more appealing. I’m sure will get corporate updates over the next few weeks to get further insight but for me the strategy of one to one deals clearly allows us to get to some incredible deals.

Great deal and they are also working on a second which hopefully might get announced in the early part of 2021.

Basically high risk but ADV has the potential for me to x10 - x20 during 2021. Time to wait patiently and enjoy the festive season.

Personally think that the shares in issue will change in the RTO process. As a pure guess if I look at the first RRE deal, or Kistos raising equity at IPO just now, I think that they might primarily raise via equity for the first deal. It all depends of the issue price but for example if they place at say 0.25 (in my view it could be higher) and raise $20mio (or say £15mio) you land up with a company with a Mcap of £20mio ie say £5mio now plus £15mio, but with the potential to be worth say $200mio if they find 20,000bpod in this appraisal well. Like with RRE once first deal done subsequent deals could see a mix of equity and debt. Time will tell but I have a good feeling for ADV’s 2021.

Yes same ticker

No certainty but usually there is no rights issue, but a straight placing and as the amount is large they will seek funding from institutional and professional investors. If they and the investors deem this deal very value generating the raise may be at a premium to the closing price, as happened with the RRE deals. Once the raise is in place and all the other requirements in place (for example government rubber stamp, corporate meeting etc) the shares will start trading again and at that stage of the broader market thinks that the deal is great the shares will open higher etc.

Double, I agree that there are risks, but I can take them in the hope for a much bigger return. Thanks for the best wishes and hope you well for your investments in 2021, as we ultimately all want to make a nice return.

Tapper, I have been posting here for a while and double has no investment here, but is always very quick at posting negatively. I agree with him that the previous board was a joke, but Mark, Leslie and John are on another league. This is an appraisal well and although it's not as risky as an exploration well by far there are always risks but that's why they manager to farm for USD20mio into an asset which could deliver ADV a mid cap status overnight. This fits with their strategy of looking for assets where oil is present and the change of success is far greater. Clearly the fact that the asset was in Australia and moved to Timor Leste delayed the Buffallo drill for a couple of years and created this massive opportunity for the new ADV team. Time will tell, but one think which no one can dispute is that the new board operates on another level which is more aligned to what mid caps can do, rejoice is my take and could not be more excited about ADV's 2021.

Double are you invested ?

Below should read ‘alongside graphene’

I have been invested from day one in TGR and the RNS yesterday reflects just a minimal part of what this company will achieve over the next couple of years, the downstream high value graphite products are, alongside the graphite, the parts of the business which will differentiate TGR from the other London listed early stage graphite mining only companies. This is the beginning of a journey which will take us to mid cap in a couple of years and beyond thanks to the board’s flexible strategy across downstream and speciality graphite and graphene which will produce significant revenues.

Very likely, but in that case any equity raise for that deal would be at a higher than the raise for the first deal in my opinion, clear debt could also be an option for all or part of the funds required.

RRE ended up at around 20,000 bopd and this transaction and appraisal well if successful could alone get ADV to that figure, therefore the share price re-rate over 2021 could be incredible and they are looking at other deals....

By memory RRE did a couple of RTO suspension and they took 2-3 months, so realistically I think that we might relist in March, time will tell. I think that they might raise higher than closure and open even higher when it trades again, as done by RRE. Even more interesting is that they mentioned in one of the last interviews that they were at an advanced stage on 2 deals so it could be that a second one lands in Q1 next year. Enough from me, plenty of waiting time but for the right reasons during a 2021 clearly transformational for this new company and board.

As a guess 2 months ie say end Feb:

Exactly barraband and no surprise the directors will participate in any raise, this deal is off the chart for a stock with this Mcap.

Best read for this Christmas holiday enjoy https://www.energy-pedia.com/news/timor-leste/carnarvon-farms-out-buffalo-field-redevelopment-181459

In very simple terms and as an example only if we raise funds (via equity issue and/or debt) to enable us to buy an investment which has assets valued higher than the entire share capital of ADV, the acquisition is a reverse takeover. In accordance with listing rules, ADV shares are suspended pending the publication of a prospectus with a process which could take say 2-3 months. When they re-list I would hope that the value and potential of the asset purchased if far greater than the amount raised hence we would reopen at a price higher. This is what happened 3-4 times in the Rockrose chart over the years. The track record section on the ADV webpage shows the depth of experience by Mark, Leslie and John. Enough from me, busy at work. Enjoy.