Andalas Energy And Power Share Discussion Threads

[sweet karolina] 03/12/2018 17:53

Have you? You are a shareholder who is being misled. No RNS today to cover what Atlantic have released.

You should thank me for making you aware of what the 33% owner of Badger is saying as SG does not seem to want you to know.

A lesson I learned 7 years ago now is if the company is misleading you sell first and ask questions later - if you can be bothered by then.

It is abundantly clear from the 2 occasions that Atlantic and ADL's statements over Badger have been unreconcilable that investors are being misled. A simple cross check of the Bungled Mess RNS against the CPR shows more unreconcilable discrepancies. It really could not be much clearer.

[domple] 03/12/2018 09:45

Sk, have you approached SG directly with your comments?

[sweet karolina] 02/12/2018 20:16

So what did ADL say back in Aug before the placing?

2018 technical work programme completed thereby completing the Licence commitment.

Oh dear now shown to have been a lie.

Potential exploration well location identified to target 2 of the 4
objectives.

+ The well would be drilled in water depth of circa 45 metres (148 feet)
to a total depth (TD) of circa 4,200 metres (13,800 feet).

* Proposed well location is approximately 35 kms from local infrastructure,
including the Perenco operated Eagles Transport System (ETS) pipeline that
could, subject to negotiation, be the evacuation route for the produced gas
to the Bacton terminal, North Norfolk.

Oh dear rather jumped the gun with that - I thought this sort of thing was what SG was supposed to be good at.

Will we see an RNS on Mon correcting the past lies and errors? Will it make clear that the continuation of the licence is at OGA discretion as the work programme has not been completed and OGA could easily say no you have had one extension already and not done the job and reopen the licence for fresh applications from competent companies that have the financial wherewithal needed to actually do something other than plead for more time. Will the RNS also make clear "or a decision to drop the license is made".

If SG runs true to form there won't be an RNS on Mon or any time this week that informs shareholders what is really going on with Badger.

[sweet karolina] 02/12/2018 19:32

Oh look hot off the press:



License P2112 (Badger field) is again under further technical evaluation to determine if there is a more optimal location for an appraisal/development well. This work will be used to pursue a further license extension from the OGA in order for that work to be finalised and budget with funding determined by end second quarter of 2019.

BADGER (33.3%) - UK License P2112 – Appraisal and Development.
Work has progressed identifying better or more optimal appraisal/development well location within the acreage. The Partners consider there may be potential for an upside gas reserve, however proving this requires additional seismic interpretation work that will last into the first half of 2019. The OGA will be advised on or before 20th November 2018 that a final and short extension is needed before final technical and commercial appraisal and development plans are set or a decision to drop the license is made.

[therealtonythetiger] 29/11/2018 16:20

Andalas Energy (ADL) Presentation

[burtond1] 28/11/2018 15:02

https://total-market-solutions.com/2018/11/28/the-outlook-for-uk-oil-assets/

[sweet karolina] 25/11/2018 13:58

Most people who met Bernie Madoff found him impressive, before he was exposed as a crook!

SG has raised £2.4M gross since taking over from DW. Market Cap is £2.8M and Net current assets (treating the commitment to pay £800k towards Colter as a current liability, which it is) of about £200k. By results time that will be negative yet again.

The only question is: Is SG going to try for a placing before Christmas and before disastrous news on Badger and Bungled Mess needs to be released or is he going to risk waiting until the New Year. If he is as smart as you think, the placing is already underway and the large sells this week are people forward selling it. Still better to get a placing away now at 0.5p than in the New Year at 0.2p.

[therealtonythetiger] 25/11/2018 11:08

Sean i have also met SG and was equally impressed with him but it was back in the Whitby days who was like an excited child... lets see what happens next..

[seans66] 22/11/2018 07:54

I was at an investor event last night where SG was presenting & also had the opportunity to speak to him 1 on 1. Impressive guy who is determined to turn the ADL ship around. He is heavily invested & is under water, so highly incentivised to make this a big success.

[burtond1] 14/11/2018 09:38

https://total-market-solutions.com/2018/11/14/uk-prospects-colter-wick/Decent read on the assets and opportunities...

[therealtonythetiger] 05/11/2018 10:00

Nice start to the day..

[the foxthe fox] 01/11/2018 13:18

Investor presentation
hxxps://www.eventbrite.co.uk/e/cassiopeia-investor-symposium-tickets-47398735895

[sweet karolina] 31/10/2018 20:33

So 31 Oct is here. How did my predictions work out?

Shares in issue 400m (20 Bn adjusted for consolidation) - not far off at all and if you include recent options and warrants an under estimate.

SP 0.1p (0.002p adjusted for consolidation) a bit further off at 0.75p to sell but one hell of a lot closer than Patch's 10p.

Still no sign of Atlantic confirming the Badger prospective resource - loss of licence looking almost certain.

No sign of Bunga Mas completion, as no sign of Govt approval of exploration licence extension.

When is drilling off Poole going to start - you do know it is just a seismic drill and no flow testing. Where is ADL going to get the rest of the £8m to fund its share of any production drilling if it happens at all?

Keep buying mug punters

[therealtonythetiger] 31/10/2018 18:49

My sauces say...Chips..

[domple] 31/10/2018 15:20

What do your sauces say Tony?

[therealtonythetiger] 31/10/2018 14:28

But the sauces.....

[domple] 31/10/2018 12:12

today too......yawn, yawn

[domple] 30/10/2018 09:12

Another red sauce day.....