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Been invested since placing adding and decreasing over time, worst performing share in my portfolio by far and truly hope they finally get some success.

As mentioned before I think that the Indonesian deal is as good as it could have been for a company with the past ADL had, and limited cash resources, and I give them credit for it and back them up . Time will tell but hopefully they manage to add some production, and in turn get some much needed revenue coming in, and allow them to open the door for other Indonesian transactions. I suppose that it this asset proves to have potential they will spend more on it to gain a larger % interest in the production uplift. In any case they final have an opportunity, let's sit back and see what happens over the next few weeks and months.

Forget about the rumours, I took shares in the placing and confirm the price was 0.15. They had an incredible interest as many perceive this as the bottom after a prolonged series of disappointments and result of this Indonesian transaction which could, I repeat could, start a turnaround, providing some cash generation and open the opportunity of other transactions for a share with an incredibly low market cap. As mentioned before I prefer to invest when others don’t if I see a true opportunity to change direction and ADL have it, but with any work over there are risks so let’s see if they can generate some production uplift. Personally think that even with limited success this could move towards 0.40 or possibly more as a lot of shares are in sticky hands, but let’s sit back and see if they deliver.

Placing shares have been allocated at 15, I’m waiting patiently for workovers as in no hurry.

Just read the highlights section ie current betun 70, target to add 80bpod with ADL having an option to a participating interest in betun selo Kso , excluding any right to existing production. Enough from me, info is available to investors to see and make their decisions. Let’s wait for an update.

Double just look at the latest broker note for more info http://www.andalasenergy.co.uk/wp-content/uploads/2016/03/Betun-Selo.pdf

Agree, in order to raise that money for a company with low volumes like this, there will be other institutions coming out in TR1 and if this is the case they will all usual be medium long term holders, which in essence make up most of the free float here. As a result any additional bpoad will pretty quickly send the price up, but let’s wait and see as in my experience there are no easy easy work overs.

Also think that yesterday’s RNS was to remind other instructional investors to TR1, let’s wait and see. We all know that for a company such as ADL this Indonesian deal is probably as good as it gets.

There is no need to filter anyone imo. Most have lost with ADL and all of us had major loosing trades at some point. I have been investing for 25 years and seriously in the last 10 years during which I managed to make significant returns overall, but has some horrible trades too. Avoiding now pure exploration gambles with odds against and Otherwise taking a risk/reward approach. Let’s sit back and wait to see what comes out of Asia for ADL.

Naughty too to claim that inverting now will loose money.

As mentioned before, time will tell but the future could be very interesting here with this sector’s growth potential and the fact that the placing is out of the way. Let’s sit back and see with interest.

I’m not bothered if news comes this week or next or the one after, we all know these timelines are purely indicative. I have been in Zen for a couple of years and we might only now be close to material news, so a few weeks is nothing. What is interesting is however that ADL have another asset on which they are working which makes in any case a massive difference versus the past. Sit back and relax, news will eventually come and only a fool would not understand that in this business nothing is clear cut, easy and quick, but at least we have a possibility now for decent returns in a relative short timeframe.

I suggest you look at the latest broker note for a full picture http://www.andalasenergy.co.uk/wp-content/uploads/2016/03/Betun-Selo.pdf

A NED who is clearly well aware of corporate matters buying now is a huge vote of confidence, accumulate and sit back is my strategy.

Time will tell but imo this will continue to rerate sooner than many think as the numbers here are simply compelling.

Time will tell but I have added more as I think that the numbers are just compelling and that most of those who wanted to take some cash off the table post re list will soon have done so and afterwards this will only re rate.

Bought some more at £18.50, no brainier with Cantor out yesterday with a new target price of £30.04. Cash making will be key here and we know these guys will probably already look at the next deal. Time to sit back and relax.

Guessing is not easy. If you look at the programme slide 23-24 minutes in the video the 14 well is mentioned twice, let’s wait and see their updates but overall this is a great opportunity for ADL http://www.andalasenergy.co.uk/2019/06/26/betun-selo-video-cast/

Might join you too with the drinks. This is one of the stocks where I have been very patient and added in the 2s and 3s and where I will keep most for the long term as I think stocks with this potential don’t come around often ..... and a few of us have already
Worked that one out.

Obelix, agree that the share register is very tight in ADL now. With Optiva probably diluted to 6% and some others still likely to show up, I think that at least 50% is with medium/long term holders which will make matters very interesting when news start to flow.