Adm Energy Share Discussion Threads

[tomboyb] 13/7/2022 12:37

PetroNor acq 12.19% interest in OML 113 for Min $10mill to $16mill-

With ADME having 9.2% in OML this looks cheap -

Caveat will be funding for ADME -

[ruedolf] 13/7/2022 12:30

its still a bargain price by petronor as boep on adme stake will go to 800 to 2200 boep at peak over the next few years . range is that aje news or something else

[rangenoresources] 13/7/2022 12:27

I agree with you. This is why share price has been held down. Will start to motor with more news as well.

[tomboyb] 13/7/2022 12:26

2.5p - 4.2p range -

I have not done the calcs but looks bout right -

[ruedolf] 13/7/2022 12:24

That values ADME stake at minimuim 6.3 million sterling up to 10.5 million contingent or 2.5p to 4.2 p. since deal was agreed last year nigerian gas prices have gone up a lot so values should be even higher than that.

[rangenoresources] 13/7/2022 12:23

They have access to $100m of funds where needed.

[tomboyb] 13/7/2022 12:13

ADME certainly has value here for OML 113 -

Significant, but short on funds I would suppose -

Not a write-off yet -

[rangenoresources] 13/7/2022 12:11

Excellent news for ADME. Expect further news to come over next 6-8 weeks.

[tomboyb] 13/7/2022 12:06

PetroNor agreed to acquire Panoro's interest in OML 113 for an upfront consideration of USD 10 million, with a contingent consideration of up to USD 16.67 million based on future gas production volumes. Following completion, PetroNor holds a 6.502% participating interest, with 16.255% cost bearing interest, representing an economic interest of 12.1913% in OML 113.

ADME holds 9.2% -

[rangenoresources] 11/7/2022 08:06

Is there a parrot on this board?Pretty Polly aka Fake Arnie

[rangenoresources] 09/7/2022 20:02

Totally agree. You are just jealous

[rangenoresources] 01/7/2022 08:13

I would of predicted that Fake Arnie.I can also predict you won't be at the latest slap up lunch they have planned.

[rangenoresources] 30/6/2022 08:29

Nice start to the day :)

[spikeyj] 27/6/2022 09:41

revenue is now zero.

not just because those two aje wells are seriously
depleted, but also because *they have no FPSO*.

meanwhile, cash is king, but ADME has none.

& ADME owns nothing that will bring in cash.

[rangenoresources] 27/6/2022 07:33

I hope you cleaned it up Toilet Attendant!ADME halved their losses and doubled their revenue.I would say that's pretty good. Once the Petronor are fully on board at AJE it will be game changer going forward.

[terminator101] 23/6/2022 09:44

Worth listening to so you fully understand and contemplate the parallel universe that OSA and the lads work inhttps://www.proactiveinvestors.co.uk/companies/news/985656/adm-energy-calls-2021-a-very-productive-year-985656.html"We had a good year""Balance sheet looks strong""As busy as ever"I laughed so much that a little bit of wee came out.