Andalas Energy And Power Share Discussion Threads

[tim000] 25/2/2019 19:33

BOIL's mkt cap increased by £1.4 mn today. On the same percentage ownership of Colter, ADL's mkt cap fell by £275k. Assuming the £1.675mn deficit relative to BOIL is ultimately recovered, ADL's share price is currently undervalued by 80%. Go figure.

[therealtonythetiger] 17/2/2019 20:25

alexios... Nooo really

RNS MONDAY
Andalas expects to be in a position to provide an update on or before 7.00am 18 February 2019

[alexios1201] 17/2/2019 16:44

They don't need to rns this

[therealtonythetiger] 17/2/2019 10:14

Colter appraisal extention granted to 31st March..
RNS Monday

[neo26] 12/2/2019 22:09

Dont know why British companies goto indonesia, they always shaft them, just ask chl.

[jammytass] 12/2/2019 15:44

game over always was a full time scam

[tidy 2] 12/2/2019 15:34

BMD stung twice today. ECHO and now ADL.

[daniel levi bmd] 12/2/2019 15:17

FYI

Andalas Energy & Power. Honesty Is The Best Policy! Hold For Colter

Dan
x

[daar] 12/2/2019 15:04

Another dog!!

[sigora] 12/2/2019 13:30

yep not good

[tomboyb] 12/2/2019 13:28

rns out -

Looks awful -

[soultrading] 07/2/2019 13:13

Listen to Sachin Oza, co-CEO of #RBD discuss yesterday’s spudding of #Colter – Reabold has an “effective interest of around 16% [in #Colter], which is the largest of all the publicly-listed companies…”

[therealtonythetiger] 06/2/2019 15:33

Colter Well Spud

[therealtonythetiger] 02/2/2019 10:49

The Rig as arrived. hxxps://www.marinetraffic.com/en/ais/details/ships/shipid:900001/mmsi:636016143/imo:8750338/vessel:ENSCO_72

[ssrover] 31/1/2019 08:20

o/t RMP rns

Great news AT RMP ..Spud brought forward slightly. Amazing presentation by 88e the operator... Commercial oil surrounding the whole of the immediate region we are drilling in...most likely looking at 90% COS or at the very least oil shows.

26/26 access rate on commercial finds..

risk/reward at £25m cap inc £6m cash looks amazing and expect to see share price of 10p within the next few weeks to bring our cap of £50m closer to its past peers for a similar operation..

Alaska oiliest place on the planet apparently

[oilbuy] 31/1/2019 08:20

The investment in Coulter killed sentiment here and brought core assets into question. Sidlining from core business when that business is not generating income to sustain the existing company is poor management. Using thoses funds has highlighted , the poor quality of CEO experience in running a tight ship. This is a fundamental problem on AIM with squandering someone elses money.IE - THE RETAIL INVESTORS MONEY !

[therealtonythetiger] 31/1/2019 07:13

Interim Results

[sweet karolina2] 26/1/2019 17:14

What a shame Wick was a duster. The rig started moving south but has stopped off the Northumbrian coast. The good news is as they are not flow testing Colter just confirming seismic that can't be declared a duster too, yet.

Where are ADL going to find the money to do anything with Bungled Mess (assuming the deal does eventually go through)? Where is the farm in partner for Badger going to spring from in time to save the licence? Where is ADL going to find the money to stand its corner of the really expensive next phase of Colter which might see some oil flow tests?

When's the placing and how big a discount will it be at? Those are the immediate questions which will no doubt be answered very soon.



Our first well, 11/24b-4, on the Wick prospect has disappointingly not been successful. We have safely completed drilling operations and will now proceed to plug and abandon the well.



The 11/24b-4 exploration well has been drilled to a total depth of 1,000m. The objective of the well, the Beatrice Sandstone, was encountered at a depth of 933.5m but is water bearing.



Provisional petrophysical analyses indicate that the Beatrice Sandstone has a gross thickness of 22.8m with 19.8m of net sandstone of 17.2% average porosity.



The well had the highest risk in the Corallian portfolio with a pre-drill chance of success estimated at 30%, with trap integrity considered the greatest risk element, and this appears to be why the well failed. It was an exciting prospect with pre-drill Pmean Prospective Resources estimated at 26 million barrels of recoverable oil.


The 11/24b-4 well is Corallian’s first well as Exploration Operator and drilling operations have been completed safely, in an environmentally sensitive area with multiple stakeholders and complex regulations.



We look forward to drilling the Colter appraisal well and will update shareholders when drilling commences. We assess the pre-drill chance of success of the Colter well to be 58%. The pre-drill Pmean Prospective Resources are estimated at 23 million barrels of recoverable oil. Corallian holds a 49% interest.

[gunsofmarscapone] 15/1/2019 11:23

Morning All, I’m in. First tentative tranche though as funding will be required. I speculate that the high C.O.S of Colter could permit a placing at non-dilutive levels so...toe in the water for GoM.

The company’s attitude to risk indicates that at 0.96 ie entry price looks fairly safe. I like to ‘indirectly217; invest from time to time so this para from the recent broker note is relatable.


“As a function of the company’s investment in Eagle rather than the licence itself, Andalas may see its exposure to Badger diluted in the event that Eagle farms down its position prior to exploratory drilling. However, we would view such as scenario as positive given that such an outcome has the potential to secure full or part funding for an initial exploration well and de- risk Andalas’ investment significantly”.

Having made some errors recently going to refrain from estimating a risk rating for the share and will standby for Colter results and its influence on ADL Mcap.

Very interesting well, have it almost completely covered now.