Advance Energy Share Discussion Threads

[shareinvestment1] 15/7/2021 07:00

Agreed, this will start to move much sooner than the October drill as the transaction has exceptional potential for such a small cap. The uptrend has already started and will become steeper the closer to October.

[purple11] 14/7/2021 17:35

Thats not how it usually plays out. I think the share price will start to ramp up in august/september. 6p spud target.
Just got to wait for the summer doldrums to pass.awfully quiet out there across the board.gl

[rankor] 14/7/2021 17:00

Rig contract RNS soon should see a slight increase in the share price but it will come back down to the current levels until the start of drilling RNS in October and then the share price will start to ramp quickly.

[gsg] 14/7/2021 10:48

Apparently the Valaris 107 rig is currently on a drill site approximately 280 kms SW of Buffalo. So in the vicinity.

[someuwin] 14/7/2021 09:03

...Interesting thanks.

I can't read this story as its behind a paywall, but the image suggests Valaris 107 Rig...

[gsg] 14/7/2021 08:34

So posters in Oz are speculating that the rig Advance/Carnarvon will be contracting is the Valaris 107 which spudded Montara-H6 on the 28th June for Jadestone and they have it booked till Oct.

An RNS for the rig contract must be close.

[tom111] 13/7/2021 17:41

Agree such a bore asking silly questions,do your own research if you don't believe posters,pathetic

[gsg] 12/7/2021 10:03

Think I know the handle of the guy(s) voting every post down on this thread, although it doesn't take a genius to work it out. Pathetic really.

Another top up for me this am. 2.60p placing price still looks to be the resistance from the placing churn. In a selfish way I'm hoping it sticks around here for a little longer until I can release funds elsewhere, although I'm doubtful of that.

[mynameiskhan] 12/7/2021 08:26

I think, only £2500 worth of share is available at 2.65p, after that, it's at premium at 2.68p

[someuwin] 12/7/2021 08:24

No buy quote available.

[jungmana] 12/7/2021 08:08

Took a sizeable position here last week. Been watching for 2 months and imo this is the time to be in. Being an appraisal well I think will see 7p by spud in October.

[gsg] 11/7/2021 10:20

A couple of brief mentions for Buffalo and Advanced. Carnarvon CEO excited about Buffalo and further oil price gains.

[gsg] 09/7/2021 15:21

The whole point of a bb is to discuss, speculate and post facts, and through combined efforts try and generate returns for mutual benefit. There's nothing wrong with speculating and bouncing ideas around, no matter how tenuous, whether positive or negative imo.

[hazl] 09/7/2021 12:48

I know nothing just saying I'm still here.
Have you anything of interest?

Seems not.

[steephill cove] 09/7/2021 12:41

PIs prefer to wait for FACTS & ACTUAL proof from Carnarvon Petroleum & ADV, before we begin to raise our hopes.

I have seen many daytraders in my time trying to falsely make a quick buck.

[steephill cove] 09/7/2021 12:41

Fine. So it is just a picture off the Carnarvon Petroleum website that could be there just for illustration purposes. That is all I need to know thank you.

[hazl] 09/7/2021 12:38

Well the blue sea cheers us up through a lull.
Nothing wrong with that in my book.

Can't blame it on the oil price.

[someuwin] 09/7/2021 12:37

No, that's not a drill rig. Its a floating production storage and offloading (FPSO) unit

"A floating production storage and offloading (FPSO) unit is a floating vessel used by the offshore oil and gas industry for the production and processing of hydrocarbons, and for the storage of oil. An FPSO vessel is designed to receive hydrocarbons produced by itself or from nearby platforms or subsea template, process them, and store oil until it can be offloaded onto a tanker or, less frequently, transported through a pipeline."

The pic it taken from the Buffalo section of the Carnarvon website...

[steephill cove] 09/7/2021 12:27

Please be specific.

Is that the floating, production, storage & offloading (FPSO) vessel that Carnarvon Petroleum are actually going to be using as part of the drill on Buffalo 10.

And if you are, are you saying that that is just a picture of it; or that it has set sail or are you saying it is in situ at the drill site.

No guessing or speculation please, just precise facts please because we have heard nothing official from ADV or Carnarvon Petroleum..

[someuwin] 09/7/2021 11:44

Buffalo FPSO

[someuwin] 09/7/2021 08:43

"Unlocking Resource Potential

It is intended that the B-10 appraisal well will be drilled in late 2021, which is targeting the hitherto undrilled crest of the Buffalo structure to establish the remaining oil column in the field, which is expected to be up to 80m at the 2C level. This vertical well is to be drilled in 25 m water depth. Once drilled and logged the well is expected to be suspended for future use and completion as a development well. Once the B-10 well results have been integrated with the existing database, it is expected that an FID decision will be made in H2 2022 with first oil to follow in H2 2023.

This is low risk appraisal given the past 8 well penetrations of the Elang reservoir with a high probability of encountering the undrilled crest. The projected peak of gross oil production is 40,000 bopd within 2023. Based on the RISC CPR 2C oil forecast and associated cost estimates his would mean free cash flow (FCF) of US$276 million in the first 12 months at an oil price $50, the majority of which would be net to Advance."




p.s Oil is currently $75. That's 50% higher than when the $276m was calculated!

[someuwin] 09/7/2021 08:27

No buy quote available.

[shareinvestment1] 09/7/2021 08:13

Agree Purple11. Good luck in playing other explorers etc. I have done that many years ago and lost most of my money. Keep the strategy simple ie find the company with a great experienced board financed for an appraisal well with the greatest CoS as possible and be patient. That’s ADV stated strategy and this first asset delivers that. In the latest interview our CEO tells us that the are fine tuning the location for the appraisal well to be able to almost certainly guarantee success and a field development. This is as good as it gets in this sector and we are at the same price where institutional investors have put millions with a drill in October which a 95% geological CoS which would deliver a stellar cash flow vs our market cap. Buys are increasing by the day as nothing out there beats ADV at present, plus other deals will follow. DYOR but this is where I have put my money as this is a rare opportunity still below radar which will move up from now to drill and I hope much more thereafter.

[purple11] 08/7/2021 12:25

Theres going to be massive excitement as the rig rolls into view 95%COS gl

[rankor] 08/7/2021 11:38

This may edge up a little on rig contract announcement which is expected any day now following the recent rig LOI announcement