Member Info for tooldforthat

With just 120m shares in issue, can you imagine how high this would go if we had a gamestop moment, I can but dream :(

Few large buys getting in now before announcements of bid, which ones have we won and everyone won something

So all bidders won

With crude at almost $55 + our premium, this share has to put the peddle to the metal and motor on up, it can't continue languishing at this price

Oh wow hadn't looked, crude is really going for it, is this the start of the commodities super cycle, oil, gold, silver all up

Aje won't be a worry once we win some licenses and can go it alone

Has to nudge up a little higher before close

Why the mm's give this such a wide spread and make it NT all the time to prevent any trades taking place I will never know

If crude keeps rising like it has been, then next uplift will earn us a pretty packet, project debt paid off

More shares issued, more money raised

Just in time for crude breaking $50

January's crude lift should also see project debt at aje paid off

Come on Nigeria, tell us if we have won anything or not, we have 15p price target to hit before year end as stated by osa.

got to hear news on the bids soon, surely

Sorry I didn't reply straight away Dan, this is where I got it from,
Osamede Okhomina, CEO of ADM Energy plc, which has prequalified for the bid with local partner OilBank, says that the round is attractive because acquisition costs are not expected to be high.

“The government usually licences them [marginal fields] out cheaply to get development capital to increase production; plus, with marginal licences there is very little geological risk,” he says. Okhomina adds that he is not overly concerned about the low oil price because when the price falls, services contracts are renegotiated, and so operational costs fall in line. Foreign-owned companies, such as ADM, can hold up to 49% of a licence.

That's new, we can only own 49% of a licence.

Hmmmm, Is that another director buy going through this morning?

The roof has to be blown off this soon, it can't keep hanging around 5-6p range

Wow, crude powering ahead, every day looks and better for adme. Few more announcements between now and Christmas

Your right they are no longer listed in the main shareholders list