Member Info for tooldforthat

Oil discovered in the upper and middle cruse, lower to be looked into in 3rd quarter

Really weird share price activity with this at the moment

Once this is over there will be that many oil wells shut in, the oil price will rocket as they will struggle to bring them back into production and demand will outstrip supply

Will go lower if Russia can produce at $17 a barrel. The US will be out of business unless Russia and the Saudis don't sort themselves out.

If Russia can pump oil for as low as $17 a barrel, they will put the US oil industry out of business if they persist in not cutting production.

If this continues for some time I can see a lot of oilers going under

Fully expect a middle East conflict to be started to get that oil price back up

Wonder if we could renegotiate a lower price for the aje stake we are purchasing

Peel hunt over 24%

Credit where it's due, Osa has managed to double our reserves for very little outlay and get us $100m funds from trafigura, he has done more than the previous CEO's

Nice find

I wonder if "Trafigura" will be our funding source

Expect another board member to be announced,
"Under the terms of the relationship agreement, the Relevant Shareholders will have the right to nominate a director to be appointed to the Board of ADM from completion, subject to normal regulatory approval, and such right shall continue until such time as the Relevant Shareholders cease to hold 20% or more of the entire issued share capital of the Company. "

Has OO got his figures wrong, I thought we already held 5% and were producing av280bopd, he says we had halve of that but with this purchase we will have the percentage and production we always had

Oh wow

2 nice buys went through this morning, is our luck about to change for the better here, I hope so for everyone

With trafigura behind us, if they do have a fund raise I would say it will be above the price of the last one. Osa did say he has known them for years and is very friendly with them so that can only be good for adme, or whatever name we become with a RTO. Looking like this is about to get going again

Spike, a low oil price is not good for current production, but would it not to be our advantage at the moment when making acquisitions, surely it would mean we can get the target for a cheaper price.

Just looking through past RNS's and this came hot on the heels of the strategy update, where the first bullet point in that RNS has been accomplished, getting "International Trading Partners".

So whoever said this morning that we will most likely get another RNS this week on a deal may well be right.

From the strategy update "Equity as Currency

In addition to the IOCs, there are several local companies looking for financing. In this instance, ADM intends to use its local experience and trusted relationships of its leadership team to invest in such companies willing to do part-cash and part-equity deals.".
And in today's RNS he mentions RTO, so I do believe him when he says talks are very well advanced.

All this time I thought him and the rest of the board were just twiddling their thumbs.

Nice to see volume and interest return back here

Whatever it is, it killed the market in this today