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#ADME
A Oil and Gas company focused on high growth in Nigeria
-CEO and Chairman vast experience of Nigerian O&G Geology and Assets
A Oil and Gas company focused on high growth in Nigeria
-CEO and Chairman vast experience of Nigerian O&G Geology and Assets
#ADME
Why this piddler is SO interesting?
In February ADM obtained a finance package for up to $100m for developing and acquiring oil and gas assets (part debt part equity)
For a £3m MCap company this has the potential to drive exponential Share Price appreciation
Why this piddler is SO interesting?
In February ADM obtained a finance package for up to $100m for developing and acquiring oil and gas assets (part debt part equity)
For a £3m MCap company this has the potential to drive exponential Share Price appreciation
#ADME
Firstly they have doubled their stake in OLM113 which sells their oil at a higher price than Brent Oil trades at
OLM113 is looking to expand their production into 2021
This alone means ADME will increase their net oil production from this asset from
148 bopd
546 bopd
Firstly they have doubled their stake in OLM113 which sells their oil at a higher price than Brent Oil trades at
OLM113 is looking to expand their production into 2021
This alone means ADME will increase their net oil production from this asset from
148 bopd
546 bopd
#ADME
Break even $28
Brent Premium estimate $45
$17 profit x 546bopd x 365 days=
$3.39m Operational Profit Per Annum
Break even $28
Brent Premium estimate $45
$17 profit x 546bopd x 365 days=
$3.39m Operational Profit Per Annum
#ADME
Now we know the CEO and Chairman have vast extensive experience and tunnel vision primary focus on Nigeria as seen below
Now we know the CEO and Chairman have vast extensive experience and tunnel vision primary focus on Nigeria as seen below
#ADME
Nigerian Marginal Field Round is currently taking place
57 fields on offer, HUGE companies such as Chevron, Exxon, Shell and BP looking to divest their smaller assets https://www.energyvoice.com/oilandgas/africa/242765/nigeria-launches-marginal-field-round/
Nigerian Marginal Field Round is currently taking place
57 fields on offer, HUGE companies such as Chevron, Exxon, Shell and BP looking to divest their smaller assets https://www.energyvoice.com/oilandgas/africa/242765/nigeria-launches-marginal-field-round/
#ADME
'Smaller' Assets is a misconception in Nigeria
These will be massive value creating assets for the likes of ADME
-Millions of 2P (Proved + Probable Reserves)
-Producing 1,000-5,000 bopd/ Near Term Potential
It is not cost effective for HUGE companies to own these assets
'Smaller' Assets is a misconception in Nigeria
These will be massive value creating assets for the likes of ADME
-Millions of 2P (Proved + Probable Reserves)
-Producing 1,000-5,000 bopd/ Near Term Potential
It is not cost effective for HUGE companies to own these assets
#ADME
Meaning if smaller companies with the correct management (ADME has a very experienced CEO and Chairman on Nigerian assets and geology)
Meaning if smaller companies with the correct management (ADME has a very experienced CEO and Chairman on Nigerian assets and geology)
#ADME
This article highlights the marginal field round was extended, showing early signs the Nigerian Government is struggling to fill the auction
This means it in increasingly likely with less competition ADME will secure a favourable asset and cheaper http://petrobarometer.thecable.ng/2020/06/12/4808/
This article highlights the marginal field round was extended, showing early signs the Nigerian Government is struggling to fill the auction
This means it in increasingly likely with less competition ADME will secure a favourable asset and cheaper http://petrobarometer.thecable.ng/2020/06/12/4808/
#ADME
Hence my tweet,
ADME has the
-funds
-experienced management
-opportunity in a depressed market
This is why I think we have found a massive opportunity to realise value at #ADME
Hence my tweet,
ADME has the
-funds
-experienced management
-opportunity in a depressed market
This is why I think we have found a massive opportunity to realise value at #ADME
#ADME
I believe ADME management can use this funding to acquire 2 further assets and develop them over the next 2 years in conjunction with OLM113 be producing 10,000+bopd
I believe ADME management can use this funding to acquire 2 further assets and develop them over the next 2 years in conjunction with OLM113 be producing 10,000+bopd
#ADME
IMO Speculative (Conservative) estimate if things come off
10,000bopd @ $15 profit ($45 oil)
300% Dilution (300m Shares)
$54.75 million Operational Profit
P/E 3= $164m / £136m MCap
45p Per Share
I can see why Trafigura are interested
IMO Speculative (Conservative) estimate if things come off
10,000bopd @ $15 profit ($45 oil)
300% Dilution (300m Shares)
$54.75 million Operational Profit
P/E 3= $164m / £136m MCap
45p Per ShareI can see why Trafigura are interested
#ADME
As upstream majors continue to seek exit strategies in West Africa, greater opportunities are emerging at low and attractive valuations, even more so in the current macro environment
Only a matter of time
As upstream majors continue to seek exit strategies in West Africa, greater opportunities are emerging at low and attractive valuations, even more so in the current macro environment Only a matter of time
