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Morning, I get them via the Vox app but you can see it also on https://www.investegate.co.uk/

Very interesting, I think this is part of the significant transactions they are talking about, let’s wait a bit more https://strandhanson.co.uk/

Volume has gone up this week which simply means that interest in ADV is growing, which is not surprising. The board has been tweeting less and who knows it could mean we are closer to the first deal. I still think that patient shareholders will be handsomely rewarded from such low market cap.

As you say that 57mio shares sale looks 'interesting'; in any case absorbed/dealt at 0.25. All getting very exciting if you ask me, plus brent slowly creeping up nicely.

I have invested in shares, not Andalas, for 30 years, although the first 10-15 years was on a small scale and it was a steep learning curve with some significant losses. One of them was for example Tangier Petroleum, which I had not researched but was suggested to me, they had a single exploration drill with an apparently incredibly high CoS, clearly it was a duster and 90% of the capital disappeared. That company became 88Energy and has today a market cap of £39mio based on the assumption that it has some incredible potential in Alaska (good luck to them). By memory I bought a small position in ADL early last year as I thought that the UK drill and Indonesian asset could have lifted the share price, although I was not convinced by Simon's CV, nor the fact that he had no skin in the game etc. Anyhow I could not believe my eyes when I saw the RNS with the new board arrival, their CVs, clearly strategy, skin in the game etc., basically an incredible stroke of luck! I immediately started buying and continued for most of 2020. In essence the mistake I made in my early days was to think of the past, rather than looking forward when the scenario changed. I don't think of 88E (which I don't hold) as a Tangiers II or more importantly ADV as ADL II, but some do and that's why we can buy cheaply into ADV which was bought as a 'shell' ready to drop assets into by a new board with unbelievable CVs, connections to fund transactions, deals of magnitude on which they are working and are incredibly aligned, as with options Mark, Leslie and John hold 1/3 of the share capital. ADV in not ADL!

Not sure if you mean that being patient is ‘part of the business’ or else. In any case I feel very much ‘part of the ADV business’ as I like the model with no exploration and two party deal negotiations. Let’s enjoy the weekend.

Patch they also mention 'more than' whereby before it was 'at least'. This has such a long way to go if they deliver, let's wait patiently.

Patch maybe I’m massively wrong, and I’m not impartial as I have invested a lot here, but I think that ADV is one of a few small caps in this sector with an exceptional upside potential. Suits me that they are still low key, as I intend adding further over the next few weeks before the first deal.

Garry this is just my own view and I might be wrong, only time will tell how things will play out. In very simple terms and as an example only: Should we manage to 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 could be deemed a reverse takeover. In accordance with listing rules, ADV shares would be 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. I think that the track record section recently added on their webpage has now made apparent to new investors the depth of Mark, Leslie and John and is slowly attracting interest prior to their first deal.

Not surprised to see good buying yesterday, smart money coming in before the first deal and likely suspension. Another tweet with background info on Leslie, but the same applies to Mark and John, incredibly experienced and connected team. https://www.advanceplc.com/media/1081/peterkin-h2h.pdf

Well done Garry. My position is very large and am really looking forward to what’s coming, in my humble opinion it’s a rare opportunity. I think we’ll see the first deal before year end and because of our small market cap vs deals they are looking at they will have to suspend and one will not be able to buy this low in a couple of months after the first deal, when they re-list. This was one of their Twitter posts yesterday: completed a small raise of £300K yesterday to be used in progressing our priority deals. Another step in our journey - we are very excited about what lies ahead…!! #ADV #hiddenvalue

Patch, very clear in the article, and track record section on their webpage, what they target, namely:

‘So, where in all this does opportunity lie for the likes of Advance Energy? Our answer is to focus on discovered, undeveloped resources, or those that have not been developed to their full potential.

The reason for these opportunities lying unrealised may be commercial or technical, or both. What is key is to be able to see through the ‘fog’ and identify the ‘hidden’ value.

If you have a sound, existing gas or oil discovery, or partially developed field, now, and can persuade people to support you, then in 2-3 years’ time it can be expected to be producing in a sweet spot, delivering solid cashflow at an anticipated oil range of $55-$65.’

Very good article https://www.energyvoice.com/opinion/278641/looking-through-the-fog-of-energy-transition/

Got a feeling that a few were holding back as they knew that a small raise was imminent, as mentioned by Leslie, now the final arrangements for the real party can start.

£300,000 at 0.22, almost 50% above the previous one at 0.15. Perfect and will ensure that they have funds to close the deals they are working on.

Patch, that is even more impressive than what I had in mind. These guys are in another league and even if just one deal of this nature delivers the return for us early investors will be massive.

Leslie mentioned that they would have posted some track record examples, I see why they continuously talk about seeking exceptional returns for shareholders ! https://www.advanceplc.com/about-us/track-record/

Garry pleasure but that is simply my take and this is the way I made significant returns, others need to come to their conclusions and see if they can invest in a high risk / high reward proposition.

Small caps have all their risks but offer incredible returns. I have made losses on one drill oilies going wrong, companies with board just there to take their wages for as long as possible, but learned my lesson over a couple of decades and made even far greater returns investing early and heavily in companies with truly skilled boards, with skin in the game and clear strategy. Not often you can look at a corporate presentation telling you 4 deals they are looking at with respective incredible cash flows, production numbers etc. Even if they only execute one deal this will re rate, but once the first is done the others will be easier just as with RRE. The number of shares is insignificant, what matters is the share cap now, after the first raise and after ultimately after the first deal. I have built a significant holding now because with this market cap if they do a deal of the ones listed they will need to suspend the shares. This is just my view and everyone needs to do their research and decide.

Garry in reality the point here is that I think these guys have the potential and will deliver on truly exceptional deals for a company of this market cap, as they already have them and just needed a vehicle. I’m convinced that the uplift is equivalent of what Rockrose did. With Rockrose we had similar building blocks ie experienced board with significant skin in the game etc, I invested early and made a nice profit, but sold too early. ADV can do the same and this time I have built a very large position at a good price (probably because early on other investors thought this was still ADL) and will hold most for what I think can be a 10 bag over the medium term. With the 0.35 options Mark, Leslie and John will have a price of around where we trade now and I think that this is an opportunity which will only last a few more weeks until the first deal lands.