Advance Energy Share Discussion Threads

[fund1] 30/10/2020 17:30

Yes not for Windows and orphans but if they pull a deal off will be very interesting. Playing with profits from other shares so not too worried. Might have one more nibble will leave it then not going over 5 million shares on this one

[therealtonythetiger] 30/10/2020 17:19

Need that deal tho mate otherwise we are just another BS AIM company with a nice slide show on the website.

[fund1] 30/10/2020 16:49

Took a few today after watching interview. Reading between the lines looks like a deal could be just around the corner. Tiny market cap so any good deal wouldn't take much to push it higher.

[therealtonythetiger] 30/10/2020 14:53

It's been a year of tremendous change for the Company. We started the last fiscal year as Andalas Energy & Power plc and have undergone a complete change of identity and strategy in the first quarter of 2020 to create Advance Energy plc as we are trading today.



The focus for the Company since this time has been solely on execution of the strategy set forth in our March Strategy Update, as this was the objective of the new Board and executive team when recapitalising the Company in February 2020.



Our strategy is intended to create a sustainable business capable of exceptional growth, as well as delivering ongoing returns to shareholders via a dividend policy linked to cash flow generation from our project portfolio. Clearly, it is too early to elaborate on this policy but we feel it is important to state our intentions early.



In fact, it is fully consistent with our founding philosophy of maintaining strong alignment between shareholders and management. At the current time Directors and executives own in excess of 20% of the Company and we want to keep our strong alignment as the Company grows.



Strategic Focus



The Board has articulated a clear, focused, and compelling strategy to deliver the Advance Energy vision: to provide exceptional returns to our investors by unlocking hidden value in discovered oil & gas assets.



We seek to take non-operated interests either by acquisition or farm-in, and prefer joint ventures with only two parties where we have the ability to exert a significant degree of influence.


Our model means that we only work with established operators eliminating many of the execution risks present for typical early stage, high growth companies. We can focus on what really adds value rather than day-to-day operational concerns leaving that to the operator.


An additional benefit is that we have no need to build a large and complex operations team thereby keeping our overheads low and preserving value for our shareholders.


We feel that our strategy is somewhat novel but perfectly suited to the current market trends where major shifts are happening in the industry to accommodate the "energy transition" and the pressure of the latest commodity price cycle triggered by the ongoing COVID pandemic.



Nevertheless, these are uncertain times, especially for many investors, which makes the execution of our strategy more challenging, despite also providing a more compelling deal flow to consider.



Key Objectives for the Current Fiscal Year



This year we have a simple set of objectives - the primary one being to execute one or more transformative transactions.



Ancillary to this and with an eye towards our ambitious growth goals we need to strengthen our Company in a number of respects.



Firstly, we need to further establish our identity in the market and build up a loyal following of investors who understand our business, while seeking to diversify and deepen our sources of funding with both equity and debt providers.



And secondly, we need to consolidate our alliances of technical support and services which are essential to our low-cost business model while remaining focused on strict cost control as we move forward.

Outlook



We are confident that we are on track to deliver on all of our ancillary objectives for the year. Our cost control is such that we have amongst the lowest G&A costs of all companies listed on the AIM.



However, at this stage in the development of the Company there is only one real overriding question. Can the team deliver a transformative transaction?



At the current time all I can state is that we are making progress in maturing our priority opportunities and have a positive outlook in that regard.



We have also developed a pipeline of potential projects which we believe have the ability to deliver value in the longer term. This is a pre-requisite for reaching our longer-term objective of establishing Advance Energy as a material player in the sector with in excess of 20,000 barrels per day net production within five years.



The Board is confident that it has the right strategy in place, and the right team to deliver on this objective. The complementary experience, extensive industry relationships, and tenacity of the current team provide a strong basis for that confidence.



The first steps in our journey have already been taken, and I would like to take this opportunity to thank the Board and the executive management for their hard work and commitment throughout this period and look forward to the exciting times ahead.

[silver tortoise] 29/10/2020 16:31

Your charming you are,Pratt !

[silver tortoise] 29/10/2020 15:50

Meanwhile drip,drip.

[therealtonythetiger] 29/10/2020 13:05

Advance Energy #ADV are actively tracking oil & gas deals - expect an announcement 'within months'

[therealtonythetiger] 08/10/2020 17:42

hxxps://www.pscp.tv/StockBoxMedia/1YqKDpeDaMLKV

Advance Energy CEO Leslie Peterkin on #ADVs target of 20,000 BOPD by 2025

[therealtonythetiger] 07/10/2020 07:25

RNS Number : 2971B
Advance Energy PLC
07 October 2020



7 October 2020



Advance Energy plc

("Advance Energy" or the "Company")



Termination of Betun-Selo KSO Agreement



Advance Energy plc (AIM:ADV), the energy company seeking growth through acquisition or farm-in to non-operated interests in discovered upstream projects, advises that, further to the operations update provided on 14 September 2020, the Company has now entered into a Deed of Termination and Release with PT Petroenim Betun-Selo and PT Celebes Artha Ventura in relation to the Operating Services & Option Agreement for production on the Betun-Selo KSO field in Sumatra, Indonesia ("Service Agreement").



In its previous form of Andalas Energy and Power plc, the Company entered into the Service Agreement in June 2019 and subsequently met all its obligations thereunder. The disappointing production performance of the field means that the Company has not realised any incremental production from the Service Agreement beyond April 2020.



The Company views the Betun-Selo KSO as non-core and not in line with the Company's forward strategy, and accordingly the Company entered into discussions with PT Petroenim Betun-Selo and PT Celebes Artha Ventura in September 2020, which has culminated in the parties entering into the Deed of Termination and Release.



The Company continues to progress a number of new venture opportunities and, whilst it is yet to agree commercial terms in respect of such opportunities, the Board is encouraged by its initial due diligence and the multiple, positive funding discussions it has initiated. This is in line with its focus on leveraging the deep industry experience and network of the management team to identify and unlock hidden value in discovered upstream projects that meet with the Company's required acquisition or farm-in criteria, and build a portfolio of non-operated positions generating at least 20,000 barrels of oil equivalent per day net production by mid-decade, or earlier.



The Betun-Selo KSO asset was capitalised on the Company's balance sheet at US$604,000 as at 31 October 2019, the last balance sheet date. The Company expects to fully impair this asset at the next balance sheet reporting date.



Leslie Peterkin, CEO of Advance Energy, commented:



"This Agreement draws another line under the legacy business and helps us move forward with our stated strategy with more focus. The disappointing performance of this asset helps emphasise our strategy in terms of highlighting the importance of asset due diligence, technical insight and partner alignment. The assets we are currently screening have a very different profile in terms of risk factors, cash flow potential, and upside and would deliver the planned step change in our company if completed. We are encouraged by our ongoing discussions and remain confident in our ability to bring shareholders a compelling transaction in the near future."

[therealtonythetiger] 28/9/2020 16:37

A nice 24.5% rise

[therealtonythetiger] 28/9/2020 15:38

@justtrying 1
Can you translate your posts please mate as pigeon English isnt my first language..

[justtrying1] 28/9/2020 14:43

Well any news is priced in then as tom boy likes to say on other sharesThis share spiked last then crashed

[tomboyb] 28/9/2020 14:16

Hardly any online -

Reminds me a bit of the UFO rise -

[therealtonythetiger] 28/9/2020 14:15

Yep, tight spread as well 0.32-0.35

[justtrying1] 28/9/2020 14:14

And sells will it back to 0.3

[tomboyb] 28/9/2020 13:34

real dizzy -

0.40p on the cards if buying continues -

[therealtonythetiger] 25/9/2020 15:10

:-) I'm getting dizzy

[jaf1969] 25/9/2020 14:35

Must be a 52 week high - we haven't said that recently for this company :)

[therealtonythetiger] 22/9/2020 15:16

Its moving up nicely