Advance Energy Share Discussion Threads

[snoopy12] 05/8/2021 16:13

You can sell two million , looks like going higher before close.

[saw89] 05/8/2021 16:04

Yep next leg up starting now

[saw89] 05/8/2021 15:30

People waiting for dip will be sorely disappointed - Hard to buy stock don’t be surprised if the ask starts jumping.

[saw89] 05/8/2021 13:45

MMS look like they’re gearing up to send this higher soon.

[saw89] 05/8/2021 10:42

95% COS, 40k bopd, £30m mcap, drilling in a few weeks. Don’t expect any more dips here personally, but a run to surpass 4p certainly within the next week

[saw89] 05/8/2021 09:51

Ready to make it’s next advance lol

[someuwin] 05/8/2021 09:40

Tennyson Securities (Shard Capital) note (with valuation of 8p / 12.6p) sums it up well...

[saw89] 05/8/2021 09:32

Yep looking very strong, shallow dip heavily bought into, set for 4p next leg.

[saw89] 05/8/2021 09:17

What we have here is a very solid long term trend being established,

[hazl] 05/8/2021 08:55

They say good things come to those that wait.

[saw89] 05/8/2021 08:45

Looking for another jump soon IMO. 4p next week, 6p mid sep.

[jungmana] 04/8/2021 19:17

Am well my Pilot, thanks. No am not in CEG but still in KOD. Good to see you here mate

[theaviator] 04/8/2021 18:14

At the least I'd say Jung. Hope you're well mate. You still in CEG or bin them? I see they had a bit of a run up

[goldensharewolf] 04/8/2021 16:01

Haha you won't get an entry at 0.21 again I'm afraid despite your best efforts! You need to put the time in to research and get in early.

[jungmana] 04/8/2021 15:48

You will most probably see 4p here this August

[bigberty99] 04/8/2021 15:42

Failed pump

[steephill cove] 04/8/2021 15:37

Wheres the 4p then.

[ultimatejustice9] 04/8/2021 14:04

4p.vould get taken out today

[saw89] 04/8/2021 14:02

7 further acquisition targets (Always will be a JV) 2 of which they expect to announce this year. This is the bit that really interests me. Could go bananas on the right announcements.

[goldensharewolf] 04/8/2021 13:53

Some notes for those new to the company:

Sector: Oil&Gas
Company Advance Energy (ADV)
Current share price 0.031
Mcap £31m

Notes:
- Raised £22m in March with a placing at 2.6p
- Used £15m to aquire 50% stake in Buffalo oil field East Timor
- Experienced BoD (Ex shell / BP and mid caps) own 7-8% stock.
- Low risk strategy is to focus exclusively on producing assets and undeveloped fields.
- Not interested in doing the operator role means they can remain a lean management team and have stakes in geographically dispersed assets
- 7 further acquisition targets (Always will be a JV) 2 of which they expect to announce this year.

Wrt Buffalo:
- Partner is Carnarvon
- Former producing well by BHP from 1999 - 2005
- The field was decommissioned due to oil prices and limited capability of seismic processing to optimise well locations
- A state-of-the-art seismic survey of the field has since determined the presence of unproduced oil, particularly in the undrilled attic of the reservoir
- Very low risk (95% CoS) development well spud planned early Q4.
- Independent auditor RISC estimates 34.3mmbls (2C) recoverable at 40k bopd.
- 70% of gross cumulative cash flow will be recovered in first 2 years.
- ADV’s 50% stake will yield annual net cash flow of c.$187m at $60/bbl - this leads to impressive project IRRs of 106%.
- The light grade oil 53 API demands a minimum $2 premium over Brent.
- Tennyson report values barrels in the ground at $12.2/bbl, equating to a net unrisked value of $209m (12.6p/shr) and risked Total NAV of 8.0p/shr.
- This is based on $50/bbl, vs current Brent of $73/bbl
- The economic model shows Buffalo profitable with oil at $30/bbl.
- Well development CAPEX of c.$125m will be raise 70% debt 30% equity

As always please DYOR!

[saw89] 04/8/2021 13:45

Very healthy lunch time consolidation today, looks primed for a run this afternoon.

[theaviator] 04/8/2021 13:38

Just starting...