Today Saffron Energy (LON: SRON) finally announced what was already basically known by those who follow and read www.guerillainvesting.co.uk  That is that Bezzecca gas production has now come on stream at 30,000-40,000 scm per day. This when added to 10,000scm currently being produced from their Silaro field gives them production of 40,000-50,000 scm per day. Financially this is over three hundred thousand euros per month. Circa £250,000 per month times this by twelve and we get £3,000,000 per annum in revenue. That is a phenomenal success story in the world of micro-cap oil and gas.

SHAREPRICE

Shiny ‘Mac Shine’. Brand new kit now producing…

The SP has spluttered on very good news! When in actual fact it should be heading towards 10/11p etc. One of the quirks of the AIM is that impending good news is usually forward sold into by the brokers and the ‘canny’ high net worth’s. You can see it in the late trades that were being announced over the last two weeks. Profit taking. Every one is entitled to take it. So when you’re looking at Saffron or any other Company remember think ahead and don’t be discouraged by a rise that spluttered on good news. There’s always a reason for it. Normal service will be resumed once the SP settles down.

WHISPERS

Sources here are indicating that gas production from Bezzecca could easily surpass 50,000 scm per day as the Company work out their best flow rates over the coming weeks. Again any increase in production will significantly add to their revenue. These are a bargain at todays SP. I did hear that their CEO (Masterman) was in the UK and will be having a tete a tete with investors this week. A question I would ask if I was their would be this; “Bearing in mind what was being discussed on the recent site visit, will the 100,000scm per day be reached this year?”

Great little producer this. Could be 12p-15p by the end of this year….

 Viva!

Dan

The post Saffron Energy. There’s more to come… Gas that is! appeared first on Guerilla Investing.

Just when you think life at the disgraceful Nostra Terra Oil & Gas (LON: NTOG) couldn’t get any worse yesterday they announced a keep the lights on placing for £500,000 part of that embarrassing  ‘barrel scrap’ is being raised through the Teathers crAp oops sorry the Teathers App. What that should tell investors is that Nostra Terra is ‘out of control’.  The current Board of directors are a joke. Where is the independent oversight from the Board? Having to go cap in hand to a busted Company for a bail out placing!

Placing

I’ve consistently warned people that they were after a placing. Indeed it was this site that exposed their last cack handed placing that cratered Read HERE. You know the one where Lofgran said; “A placing of new stock was in contemplation on 17 February 2017 but that the board of Nostra Terra has decided now not to proceed with the placing”  the truth of that was this. They couldn’t raise the cash because there was no appetite and the share price had gone below the placing price. It blew up!

Leaking of Inside Information

It’s blatantly apparent from yesterdays drop in the SP prior to the after market close RNS that NTOG is being influenced by well known Pumpers & Dumpers. Matt Lofgran, a man who has deceived investors for years and even loaned HIS stock to YA Global to short his own Company to the detriment of his own share-holders, has lost control of the Company. That drop in SP was a leaking of inside information on the placing. It should be investigated.

When a CEO, who is mired in controversy, has to rely on such desperate measures as using an online App to raise cash, at a discount and throw warrants in to pull them out of the financial cess-pit to keep the lights on for another 3 months then the end is nigh folks…. 12 people used the App! Who were those people? P&Ders! It is bankrupt morally and even more importantly close to financial ruin. There is very little left in the kitty. It is close to Bankruptcy. Where has all the money gone? £500K will get them another 3/4 months before they have to raise capital yet again at a discount. Investors have lost count of the amount of placings this POS has done. The figure in pounds sterling must be in the tens of millions. The erosion of value here is running close to 90% post consolidation which doesn’t take into account the previous dilution over 7 years. It is horrendous. It is a scandal. The regulators should step in and close it down.

The Egyptian Nightmare.

NTOG Investors Sucked Dry!

The failure of Lofgran to inform the market that production from Egypt has halved is yet another pointer as to the duplicity of this Company. That is market sensitive news that should have been released months ago. It is deliberately being with-held to keep their share-price up. Nostra’s 25% East Ghazalat production has more than halved from 220 bopd to approx. 100bopd. No revenue whatsoever has come from Egypt. The Chinese operators are claiming drilling costs that by far exceed any revenues owed. Nostra Terra are in Default.

Bomb Shell

However it’s only going to get much worse. News has reached me that shareholder cash has been used to pay online known internet Troll/s to deliberately attack their own share-holders who have a right to question the omnishambles that is Nostra Terra. This is absolutely disgusting! Share-holder money is being used to attack their own share-holders. I have contacted NTOG and the parties involved via email. Their failure to respond speaks volumes. I will give the Company and the parties involved till Monday 24th of April 2017 to clarify exactly what has happened. If no reply is received then I will drop the bomb and expose all.

Anyone holding stock in this POS should cut and run and get as far away as is humanly possible before the next P&D and the next placing.  Protect your cash, take a loss now as it’s only going to get much harder to exit. I see no value whatsoever other than shell value. Their liabilities and historical losses by far out weigh the market cap’. 1p is generous.

Abandon Ship!

Viva!

Dan

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Some times you look at the Market and realise as a private investor the cards are stacked against you. The corporate hyenas get away with wholesale lies, insider trading, forward selling, fraud, expense fiddling, accountancy deception, market abuse and a whole host of other transgressions. Where in all of this are the regulators? Take for instance yet another ‘one man band’ shitty Bucket Shop’

Readers of Guerilla Investing may not be aware of the aborted placing in Milestone Group late last year and the involvement of the ‘Pissy’ bucket shop that is City of London Markets but here are the sorry details by CLICKING HERE 

That one man could be so instrumental in the decimation of over £10m of market capitalisation is amazing but in unison with (Shitty) City of London Markets CEO – one Mr James Douglas (formerly known as James Turtle) isn’t it popular changing ya name these days to get away from your old life LOL!, one man has. His name? Step forward Mr Spencer Binks – a name that in certain circles of the City will have people both chortling into their beer and recoiling at the name.

City of London Markets (“CoLM”) is to all intents a one man flea bitten City outfit with a flimsy balance sheet and now as a consequence of a ratcheting up of pressure from some disgruntled customers, almost certainly a very flimsy future.

It seems that the fine firm of CoLM saw the opportunity to collect a 5% placing fee in relation to shares in Milestone Group. How to do that? Well usually you have to find the money, deliver and then collect your fee but in CoLM’s case they thought they could collect without even delivering the money! How so you ask? The ‘Modus operandi’ was to use their back end broker, Jarvis Investment Management, relying upon them to pay for the placing commitment and then sell the stock almost immediately after the placing to settle the placing debit. Oh and collect 5% along the way. Good init?

We understand that CoLM and Mr Binks the Fink’ got away with this to the tune of a few hundred thousand pounds in that Jarvis paid the veritable cheque that they wrote (and couldn’t cash themselves!) but having collected 5% on this they decided to move onto a bigger game. Binks and CoLM then, incredibly, committed to the not inconsiderable sum of £1.25m and were reliant upon Jarvis once more in honouring this.

Sadly for MSG shareholders Jarvis were not playing ball on the 2^nd larger payment and as is evidenced by the subsequent RNS’s by MSG late last year CoLM were unable to pay for the commitment.

Next stop for MSG shareholders expecting monies in at 1.5p? Placings carried out at 0.3p and a stock price now languishing at 0.2p! Over £10m of market cap’ up in smoke, a company brought to its knees and yet, it seems, Mr Binks and James Douglas still carrying on imperviously. Where is the FCA in this? Why has the CEO of Milestone Deborah White not served papers on CoLM for the defaulted sum and, in the final analysis, wound up the company as well as sending the dossier to the FCA? If they will not alert the world to the goings on here then Guerilla Investing will.

We have also seen paperwork that shows that CoLM allowed traders to transact business (including the ubiquitous Mr Binks) on client accounts without being registered and in instruments that they were not permissioned to deal in. This is slam dunk conducting of unauthorised business – A CRIMINAL OFFENCE. We have even seen email threads from CoLM with reference to what looks to be de facto insider trading. Again, how this firm remains authorised is a mystery and a travesty.

Incredibly the dossier of accusations we throw at CoLM doesn’t end at Market Abuse, conducting unauthorised business and insider trading, but also includes breaching the FCA’s own Capital Adequacy threshold requirements. A quick glance at Companies House reveals that almost the entire asset side of the balance sheet of the company is made up of loans to Mr Douglas that are supposedly repayable on demand. Good luck with that one! We understand the company is actually struggling to pay its bills and so doubt that Mr Douglas is in a position to return circa £40k he owes the company. If our suspicions are correct then he is in clear breach of his regulatory requirements and we urge the FCA to investigate with urgency before any other clients are financially hurt as a consequence of their actions.

Finally, to put the veritable “icing on the cake”, our sources also reveal that Mr Douglas changed his name from James Turtle and that he has also undergone an IVA in recent years. With the rap sheet we lay out here how he can be deemed to be a “fit & proper” person defies any type of belief and if the company remains regulated the FCA may as well put up a sign with a green light to carry out rule breaches with impunity!

Viva!

Dan

The post The Bucket Shop City of London Markets. A Litany of Wrongdoing! appeared first on Guerilla Investing.

Can it get any worse at the POS that is Nostra Terra Oil & Gas (LON: NTOG)? The answer to that question always seems to be ‘Yes’. The Company are consistent in one respect. That is failure. Nostra are a serial failure run by an Ex estate agent from the USA. Who doesn’t have the Deal Flow, expertise or the common sense to run a small oil company. He’s totally out of his depth. Come on down the shorting CEO Matt Lofgran. Not only has Lofgran lied regarding stock ‘loaned to YA Global (the well known shorting crew) he has consistently with-held market sensitive information most notably on their 25% in the nightmare that is East Ghazalat in Egypt. Readers of Guerilla Investing will be all too aware of the disaster that has unfolded.

Sources indicated to this website a travesty of gargantuan proportions…. Production has now more than halved, not so much as a peep out of Lofgran regarding the steep decline in oil. No revenue has been received, ever! Pump jacks have failed on some of the wells, again not so much as a peep, cash calls from North, the Chinese operator, have gone unpaid by Nostra Terra, an Oil field service Company (Lufkin) was owed close to $1,000,000 in January 2016 and had refused to supply any additional equipment. The JV  has basically accused the Chinese operator of Fraud. They’ve also accused them of technically poor work!

Currently Nostra Terra are in full default for a sum that is way in excess of monies owed to them. Nostra refuse to recognise the default. It’s a case of the tail trying to wag the dog. You do not go in guns blazing dictating to a National Chinese Oil Company demanding that they justify their track record, employees, costs and expenses while at the same time telling them that their technical ability is ‘shit‘. It is a clusterfuck of epic proportions and it will only end in tears for any one daft enough to keep holding this stock. Of course you could wait for the collection of stripper wells that is Pine Mills, to come good. Yet another batch of sucked dry piss poor assets used to flesh out and divert attention from this shitty aim disaster! Or you could wait for the next Placing, The recent one had to go cap in hand to pump & dumpers who paid 2p per share. Of course these are now ALL underwater! lol! Karma…..  If I was them I’d cut my losses and get the fook out…..

North has now questioned the legality of the consortium. A notice of default was served on them by their Chinese Operator on 17th January 2016. Nostra hadn’t paid a single bean since November 2015. That position has not changed. The Nostra Terra JV owes millions of dollars in unpaid cash calls to North! North are deliberately allowing East Ghazalat to run down because the JV is not paying its share of the costs. Adding insult to injury Nostra and their JV partners have tried to replace North as the operator!!! You can’t treat a National Chinese Oil Company like this!

In January 2016 the General Manager of PetroSafwa clearly stated the asset was loss making unless the price of oil was $70 per barrel or higher!!! PetroSafwa are the joint venture operating company!!!

Of course all of this has been deliberately keep from Nostra share-holders. It’s a bomb shell Lofgran has hidden from the market! Nostra Terra are out of control and in the grip of Pump & Dumpers….

With the re-launch of Independent Resources as Echo Energy (Echo Energy (LON: ECHO) there was a chance that this major disaster could have been resolved. Echo have bigger and better things to progress with their time and have washed their hands of the whole Egyptian Nightmare. It’s known that they are actively in negotiation’s to off load East Ghazalat asap!

It will take a new JV partner whose not tainted with the NTOG association to sort this out. There’s no chance, after close on 18 months, that Lofgran, whose responsible for the failure can do it. He should resign immediately.

Viva

Dan

The post Nostra Terra Oil & Gas ClusterFook of epic proportions. SELL! SELL! & SELL! appeared first on Guerilla Investing.

News has reached guerrilla investing that a Huge Discounted Placing is now underway by the shysters at Andalas Energy (LON: ADL). Bucket shops are a buzz spinning and flipping out the latest ‘jackanory’ to the gullible retail investor. Sucker lists are being dusted off and Suckers are being enticed and befuddled. I’ve warned many times on this POS and each and every time this site, along with others, has been proven correct. The Company are an utter disgrace. The placing price being touted around is 0.06p. That represents a 40% discount on 0.010p which would need an 80% rise to get back where it was pre Placing. This company are a pump & dump nightmare.

If you’re holding this stock you’re about too, as I said in the Jekyll & Hyde video, which can be viewed below, GET SHAFTED!!! Take yet another one for Team Whitby, they’ve creamed it in and told so many lies that Billy Liar looks like a man of truth!!!

I had a good giggle at their latest RNS ON ‘Tuba Obi East’ (“TOE”) You’ll all recall that these piss poor ARSetts were used to raise millions. Now ADL cant progress them they’ve had to give them BACK to Pertamina.

The latest spin story, obviously being touted to the gullible, to raise cash, is ‘Wellhead IPP project development’. How many times have the goalposts been moved here?  Each and every time the begging bowl is passed around. The company are a Piece of Shit. Run by corporate shysters. Stay well away!

Another giggle is the ‘Traveling with Simon’ Blog. This was trumpeted out last year. ‘Simong’ is keeping a blog on the ADL website, of all his traveling. Problem is it’s not been updated or referred to since the day it was launched. He doesn’t seem to have travelled anywhere, except to his bank to check ADL fees LOL!

What wheeze next will the shysters come up with? How about; Dave Whitby decides to return all the cash rinsed out of THE COMPANY PARTICULARLY THE $500,000 That he and Simong rinsed out via Corsair Petroleum!

Remember PLACING CALLED 0.06p Get the *”*”* out!

Or as Bruce Willis/Vin Diesel’ look alike Daniel Levi would say; ‘Run like fook and don’t look back!’

Viva!

Bruce Willis/Vin Diesel LOL!!!!

The post Andalas Energy Huge DISCOUNTED PLACING AT 0.05-0.06! appeared first on Guerilla Investing.

Is it getting ‘serious’ at Sirius Petroleum (LON: AIM) ? I’ve been looking into Sirius for the last four weeks as a close confidant of mine suggested I take a look. When I asked why I was told that there’s a potential farm in on the cards, any funding of the OLM drill offshore Nigeria, which is I believe an appraisal well, that means the oil/gas is already there, could send the sp on a charge. Now my source pointed Sirius out for their own ulterior motives, they hold significant lumps and have tried to bring pressure to bear on the Company to reveal who the potential farm-in partners are. Nothing from the Company who believe that any leak could jeopardise talks. Many hands make light work. What Sirius should do is this: If they are indeed close to a deal re’ farm in then they should announce it asap. If they’re not then they should also announce it asap. Prevarication either way makes for speculation. Hence why I’m being used to try to force the pace. There’s no flies on BMD. I know exactly what sources are up to here. They want an announcement either way! Whisper is it may come in 4-8 weeks.

I also know that there’s a lot of clever PI’s in this one and sentiment is building as the news on funding seems to be going well. Of course some of this has already been trumpeted out months ago on the super information highway (Internet), which does lend credence to what sources are saying. But it doesn’t definitively prove it up. But make no mistake Sirius Petroleum are in talks with potential farm-in partners.

A brief rundown on the company reveals some interesting facts. I’ve gone all out on this one, as I see it this matches the criteria I use for trading/investing. If you want to know what that is then watch this and join this

Sirius are a company that are in a quandary. They have potential oil/gas in shallow waters but do not have the funds to drill. They are close to a good revenue stream. The fact that they’re partnered with well known leading oil field services providers such as Schlumberger does take away some of the risk. But make no mistake there are risks here. The main one I see isn’t finding the oil it’s a sneaky placing should the SP charge up to 3p.  So be warned there is risk. As with all oil/gas minnows the board will raise cash if they can. As far as ‘Bobo’ their CEO is concerned, he’d be failing in his duty if he failed to raise cash when their SP was 3p etc. Never trust a broker or a CEO they’ll pick you clean and come back for your dry bones to make soup! That’s not to say that the management are shite. Far from it, Sirius have performed very well for their share-holders and Mr Bobo must be given credit. He’s also very well connected in Nigeria and probably the best person to bring Sirius’s assets to full producing potential.

When you have International oil service providers offering turn-key services, equipment and personnel, then the risk becomes less as they see it as a ‘low-risk development project’.

The Competent Person’s Report (CPR) on the Ororo Field, by Rockflow Resources, gave a Mid Case Net Present Value (NPV10) of the asset of circa $50M, based on a $50 per barrel flat oil price for the life of the field. This would give peak oil production of 6,000 stb/d and peak gas production at 25 MMScfd, which equates to combined peak production at 10,310 barrels of oil equivalent per day (boepd).  That is a pointer that Sirius have a real asset and not a clutch of piss poor dried up stripper wells. The Ororo field is real.  It’s in a world class oil bearing region. The field lies in shallow waters offshore Ondo State in water depths ranging between 23ft and 27 ft and it is adjacent to Mina, West Isan, Ewan, Eko and Parabe fields – all of which are operated by Chevron. Ororo is located in a world class petroleum system.

As I understand it all of the backhand, oops sorry it’s Nigeria, backend costs will come back to Sirius should the field reach production. The netback to them is about $25 per barrel plus the backend costs. Then they revert to a 40% share of the production. There’s probably millions of barrels of oil and mucho gas. But it’s all down to funding. That in a nutshell is Sirius. I’d urge anyone interested to read their CPR. Try to get a feel for the Company/assets and remember fundamentals here aren’t great. Funding is the key. 

Turning to Sources and Info’

My sources are telling me that Sirius could be in negotiation’s with 5/6 potential funding partners. One of them is rumoured to be a UK Major Oil/Gas producer and a footsie one hundred company. The theory is that they believe that there’s potentially significantly more oil/gas in the Ororo field. This makes sense only if and it is an ‘if’ the whispers are true. It’s rumoured that funding partners may think that there’s a potential 20,000 barrels of oil or equivalent, potential per day in Ororo on full field development. Now again be aware that some times sources try to talk the talk. But again My sources are good. That doesn’t mean to say that there is 20,000 boepd in Ororo only that potential partners may think this. Proof is in the drilling etc. Now if you take a position before researching them then remember there’s risk here. However I don’t believe; I know they are 100% in partner discussions. Nothing is certain other than death and Manchester City winning the 2017/18 premier league…

Get researching them and good luck.

Viva

Daniel

NB. I really am milking the ADVFN International finance blogger of the year award….. If ya got it flaunt it….

The post International Financial Blogger of the Year, Says “Sirius Petroleum is about Funding!”. appeared first on Guerilla Investing.

A lot of whispers and rumours currently doing the rounds in the city of Mammon (London) regarding Echo Energy (LON: ECHO). There’s no need to go through the history here as those reading this already, or should, know it, other than to say that as of now Echo are the hottest stock on the London Alternative Investment Market (AIM). This was confirmed to me over several days last week and this week as I conducted a whirlwind blitz of all contacts/sources specifically targeting Echo.

The company have refused or prevaricated on my attempts to speak with them. No worries there. These guys do what they do and I do what I do. And that is to get the information good or bad. I tell it as it is. On this one it is yet more good news on the way.

Echo have had a team/s in South America and are set to announce up to three (3) multi Trillion Cubic Feet (TCF) deals.  Bolivia, Argentina, Brazil and Chile are the most likely countries. Talks have been held with various ministries in those countries. These deals will be announced over the coming days/weeks but not months. The deals are all but done. Once the first asset is announced then there should be a steady stream of news.

I have heard a few rumblings that Andes Energia (LON: AEN) may be in some way involved, however I cannot firm that up so tread carefully. What I do know is that Malcy Graham Wood, who knows and blogs on AEN, has been recruited as an advisor and may even have helped with introductions to various plays. So if I was you I’d harass him for his views. The pie eater won’t talk or correspond with me as I have yet to catch up with him for a tete-a-tete.

Some of the targeted assets are sat right bang on top of a well known prolific gas/hydrocarbon bearing formation known as the Vaca Muerta. All the big major global oil players are involved and targeting South America. Now here’s an interesting tid bit of rumour. In Bolivia it is known by this blog that meetings have taken place with Shell or people who work for Shell, such as the Vice President and Country Chair at Shell, come on down Mr Orlando Vaca…. Not many people know that but they do now. He’s on LinkedIn check him out! Precisely what the tie-up or discussions were focused on isn’t known as it is being very tightly held. But one can infer that it’s either about data/people/asset/s or some form of assistance from Shell either directly or in-directly.

It’s all to play for here, still very early days and a long way to go. I personally ignore the intra-day trading and the usual guff being spouted by those who failed to get in or spot the opportunity. i.e. those who are not making money and seeking to extort payments for their investor shows.

Remember there is risk, just as there is risk crossing the road. However the key here is to track the Institutions who’ve backed the team with circa £35,000,000. Ride their coat-tails. That is the pointer here. But of course you can sell or buy at any time. The choice is yours.

Viva!

Dan

The post Echo Energy, Shell & other bits of the jig-saw! appeared first on Guerilla Investing.

Operations at Zenith Energy (LON: ZEN) are finally beginning to bear fruit. Todays RNS on their well M-195 workover is very good news for the Company and its share-holders, you can read that RNS by clicking HERE.

However it’s not todays good news that I’m writing on it’s the rumour/s that Zenith Energy are in detailed discussions with Echo Energy ((LON: ECHO). Now I don’t know what the discussions specifically involve but using my powers of northern common-sense, rather like Sherlock Holmes, it’s elementary my Dear Watson… Zenith must be after the Echo East Ghazalat 25% concession. We know that it’s up for sale, we know that it’s currently producing circa 100 barrels of oil per day and we also know that it’s in legal dispute. And we also know there’s other production opportunities on assets in that portfolio.

There’s no chance of the current holders of the concession ever sorting out the problem which they created. But there is a good chance that if Andrea Cattaneo, ZEN CEO, gets the asset he’ll be seen as a ‘clean pair of hands’ and will be able to quickly remedy the dispute with the new top Chinese official now parachuted into Egypt to sort out the dispute. Cattaneo is a smart cookie and well known as a man who can negotiate. Just look how he’s ended up in Azerbaijan with a field now on it’s way to producing 1,000 barrels of oil per day…

Now here’s me thinking out of the box. What could possibly be the deal? Well I’d expect that cash and ZEN shares or some form of future cash payback once the dispute and production is sorted out and back on track. Revenues currently owed to whoever gets the asset amount to circa $1.3M, sadly this is offset by the Chinese operator claiming production expense of circa $2M, but this like all bits of the dispute, can be and will be negotiated down by the right ‘clean pair of hands’. Now here’s a thing if ZEN offer ECHO shares in the deal then obviously Echo Energy would become a Major Share-holder in Zenith. There’s one thing I do know and that is that Echo would rather take ‘/cash/paper/promissory note’ in a genuine producing oil company than a Toxic POS like Nostra Terra Oil & Gas. Now if Echo were a major share-holder in Zenith what would they do with the stock? Could they then go on to buy them out or stick a Director on the board or maybe just quietly sell, who knows but it’s an interesting discussion I’ll be having with many a source this week. I’ll be in London Wednesday.

Viva!

Daniel

The post (BNS) Brokerman News Service Zenith Energy & the ECHO connection… appeared first on Guerilla Investing.

Scumbags destroying shareholder value.

Today we’ve learned what I knew two weeks ago but couldn’t firm up. I did however report this to Echo Energy four days ago. Their House Broker has been selling stock in the Company and cratering their clients share-price.

Echo are trying to build a business for the benefit of their share-holders and their stake-holders. The last thing any company needs is for their House Broker to  ‘cut and run’ to the detriment of their client, their shareholders, their institutional backers and the business model currently being built. This is wrong on so many levels, not least is that Brandon Hill Capital are insiders. It sends out the wrong message and is very damaging to all.

Two weeks ago my sources were telling me that certain individuals at Brandon Hill were openly laughing and giggling about their plan on selling their stock/warrants and making a fortune. I began to check this out and cross referenced bits of information coming out of the London ‘broker wine bar scene’. Three separate sources confirmed the rumours circulating. I’ve tried to contact Brandon Hill five times, each time I’m told that they’re in a meeting etc. The usual city guff for ‘fuck you’.

These scumbags held 11.2%. Today we learned it’s down to 10.1%  having flipped circa 3 million shares, this figure is going to rise. Brandon Hill are sellers in the market and until these bastards are out the Echo share-price has a brake firmly upon it. Any rises will be sold into by the shysters….

The Board of Echo Energy should immediately sack Brandon Hill. The sooner the better.

Brandon Hill Laughing at ECHO Shareholders

You cannot build a brand when your House Broker is kicking you in the teeth on a daily basis. I appeal to all vested shareholders to email Echo and demand they dispense with Brandon Hill. Get a Broker who aligns their interests with the Company. There are plenty out there who would walk naked to John O’Groats to be part of the Echo story. I, like many retail punters, have a big (to me) interest/investment here and am livid at what these fookers are up to. They are destroying share-holder value for short termism. Corporate Jackals. These people are the epitome of all that is wrong on the AIM Casino. Champagne swigging wankers

This is not a retail investor taking profit. It is the HOUSE BROKER, who is in the employ of the Company and receiving payments for what? Destroying their clients share-price. The message this sends out not only to retail investors but to the market is highly damaging.

Team Echo are rumoured to be in South America progressing deals. While the Cats are away the corporate Rats are at play.

Greg Coleman, James Parsons, Marco Fumagalli need to take action; immediately sack the chuckling, giggling Brandon Hill Capital. When a snake bites you, the remedy is, cut it’s head off.

Viva!

Daniel

The post Echo Energy SACK HOUSE BROKER BRANDON HILL CAPITAL IMMEDIATELY!!! appeared first on Guerilla Investing.

I can’t help laughing into my porridge this morning after reading the shorting CEO Matt Lofgrans latest epistles to the market. You’ll recall that Lofgran is one of the biggest corporate shysters on the London Aim, not only has he shorted his own company to the detriment of his own share-holders he’s also hand in glove with known pump & dumpers as well as a serial liar. Emails received (genuine emails from Lofgran) confirm that Matt Lofgran has been making secret payments to known pump and dumpers to attack his own shareholders and ramp his own stock. That is a 100% fact that when I have the time I will expose. If the liar would care to take those allegations to the High Court to challenge myself and this website then do so. He wont because he knows I have those emails.

Just why anybody with half a brain would vote for Lofgrans crazy plan to oust the current Magnolia Petroleum (LON: MAGP) board is laughable. It is a sign of his increasing desperation to try and rape another company to keep his floundering wreck of a ship, the SS Titanic (NTOG) afloat. Look at this mans record it is second to none in total failure.

Lofgran isn’t an oil & gas man he’s an ex estate agent. His lack of experience can be seen in the dreadful, and I mean truly dreadful seven years of total abject failure at the helm of NTOG. It’s a running joke in the city of London. No broker worth their salt will back him. He’s a serial liar, a serial loser and a serial bullshitter. If you had invested £10,000 in Nostra 3 years ago you would be wiped out. It would now be worth circa £100. Indeed if you had invested £10,000 in Nostra pre consolidation you would now be wiped out! It would be now worth Circa £300! Indeed again! If, like the poor fookers who were suckered into latest barrel scrape via the piss poor Teathers App you’d be sat on huge losses! The company are in debt up to their eyeballs! They’re showing a cumulative $20,000,000 dollar loss! Vote for this! lol!!!! You’d have to be mentally deranged!!!

NTOG Chart…Vote for Extinction!

Their operating loss as at Dec’ 2016 announced today was £3,534,000!!!! Do you really want this fooker pulling the chain at Magnolia Petroleum? Does a turkey vote for Christmas? NO! Stick with Rita Whittington, who has over 30 years genuine oil and gas experience. She’s the only one who can and is turning MAGP around.

Lofgran and Ewen Worthless are well known for WITHHOLDING material market sensitive information, such as the travesty and the shambolic situation in East Ghazalat, where Lofgran and Ewen Worthless have kept ‘stum’ on the 60% decrease in production, as well as over $2,000,000 in unpaid operating costs to their Chinese operator.  Who they have accused of fraud!

The accounts are shocking ‘Worthless’ is telling people how he’s restructured Nostra Terra, really? You mean how you restructured Gulf Keystone Petroleum? Shareholders were wiped out after ‘Worthless’ and Todd Kozel jumped ship. Remember them? Any fool including a monkey can raise cash from mug punters, the begging bowl has been passed around so many times here that to say it’s a worn out doesn’t do it justice. The performance of Nostra since day one of Lofgran’s tenure, some 7 years, has been appalling!!! And if you want to back an ex estate agent over a proven CEO with 30 years of oil & gas experience then you might as well start burning £50 notes in the street right now!

If Lofgran’s henchmen get their hands on MAGP. They will rape and destroy the company, taking out the cream of MAGP’s assets for buttons….  Leaving it a vacuous wreck for Mr Snead the former Director, to step in and turn it into a bio/pharm/computer shell. That will mean massive dilution, consolidation and wipe out for every single Magnolia shareholder.

Stick with the Magnolia Board Save Your Company! Vote Down The lying corporate shysters Lofgran et al!

Viva

Dan

The post Magnolia Petroleum Support Rita Whittington Otherwise ‘Tis gameover!’ appeared first on Guerilla Investing.

Once again I’m laughing into my porridge this morning. It really does take the biscuit when ‘comrade’ Tom Winnifrith comes out with such utter shite on the complete and total failure that is Red Rock Resources (LON: RRR). You can read the twisting & turning by clicking HERE But it is good to see that Tom’s ‘lieabetes’ oops sorry diabetes is now under control and he’s back running to form. People often ask me why I deal with TW. The answer to that is this; Winnifrith, regardless of what you think of him and my thoughts on him are widely known, can when he occasionally purges the spite and poison that runs through his diabetic veins, write excellent articles when he so chooses. Sadly he suffers from subjective, selective, memory recall which all too often surfaces. He who pays the piper plays the tune. Come on down Lenigas, Lofgran, Bell and many, many more.

RRR L Fraud = LifeStyle Company

So when is a Death Spiral Finance agreement not a Death Spiral Tom? Apparently it’s when your bestest buddy whose been paying you tens of thousands of pounds over many years to promote his POS companys signs up for one. Red Rock have a Death Spiral finance with YA Global, commonly known as Yorkville. The euphemisms are aplenty in the shareProphets article, Alternative financing, Smart deal, This is not a death spiral, Cash to cash loan etc. etc. etc. Let’s forget the 15yrs of total failure and the misery that share-holders have endured since day one of the reign of Andrew Bell, known by investors and the City as #CalamityBell, the raising of many tens of millions of pounds, the flip flopping of the ‘story’ and the cold hard fact that this mining company has never opened a mine in 15 years! It is a lifestyle company to put it mildly.

CalamityBell Challenged to Debate!

Andrew Bell is a corporate crook if he wishes to challenge my statement then he is invited to do so through the Royal Courts of Justice, if he wants to debate with me face to face his disgraceful 15yr non-performance on TipTv or The FinancialFox then I will oblige.

Bell will use and say any and anything to negate the TOTAL, SHOCKING, DISGRACEFUL performance of Red Rock Resources. Even blaming President Obama… Ffs is it me or does anyone out there actually believe the utter cock that Bellend tweets and ramps? One only has to go back to their Initial Public Offering (IPO) to see just how many times the ‘Jackanory’ has changed here! Each and every ‘Jackanory’ used to ramp the fook out of the RRR share-price, each and every time placings aplenty and massive dilution and ultimately a resetting of the stock clock via CONsolidations. Oh and lets not forget the corporate largesse, just how much cash, stock and options has ‘Bellend’ had out of this company since day one? I seem to recall he awarded himself ‘performance’ options. Just quite what performance they relate to is a mystery…. Bit like the Bermuda Triangle. He’s made millions upon millions. Share-holders have been wiped out more times than I’ve had hot dinners. If RRR was a race-horse it would have been shot years ago to save on vet fees.

So for Winnifrith to be banging the drum that a Company that’s just taken on a $4,400,000 debt with a 13% coupon that is secured against the company assets, its shares and finances from known Vulture Financiers isn’t a Death Spiral shows the sheer bloody hypocrisy and the subjective paid for thinking that clouds the flawed genius that can be TW. There is one ‘constant’ when it comes to CalamityBell; Placings.  Bell will run to form very soon and PLACE yet again, Rinse, Repeat. Ask yourselves this;  What would a genuine Independent Financial Advisor (IFA) advise? Therein lies the truth….  Sell up and get the fook out.

Viva

Dan

The post Red Rock Resources Laughable Ramp by Tom Winnifrith & ShareProphets appeared first on Guerilla Investing.

It really is galling to read the latest ramptastic pre-placing guff coming out of Andalas Energy (LON: ADL). They’ve signed yet another ‘piece of paper’ this time not unlike the last ‘piece of paper’ it’s with the state owned construction and engineering company, to jointly develop gas fired power facilities (“IPPs”) in Indonesia.

Of course there’s no mention whatsoever of the costings. Now you’d think that when you enter into an agreement jointly then the capital expenditure would be jointly financed. At least that’s how it usually works in the world of real business. A joint enterprise requires joint funding. Not so in the world of the ramptastic Andalas NO Energy No Power & certainly NO Money… The deliberate omission of the required Capital Expenditure is yet another attempt, and lets face it there’s been so many, to befuddle retail muppets, who like all muppets rushed in on this news. Some bought at 58% into the RAMP and got would you Adam & Eve it spiked ouch!!!

The whole history here is of lies and deceits. You’ll all recall the millions raised on the back of Tuba Obi Gas project commonly known as TOE. They gave it back to Pertamina. The contract expired in May this year. But Whitby the scumbag told investors it was all part of the wider plan etc. etc. etc. “As our recent project submission and project
inventory updates attest, our cooperation with Pertamina continues to strengthen, therefore rather than focus our resources on developing a single smaller gas to power project at TOE, we are focussed on continuing the momentum we have in developing a portfolio of at least five projects with Pertamina that each have the ability to add significant value.” Tuba Obi East went back to PERTAMINA because Andalas had no money and couldn’t progress. TOE was due to expire in May.That is a 100% fact confirmed by my Indonesian sources who spoke to Pertamina yesterday.

Laughing Idiot. Chuckles all the way to his bank ..

As of today Andalas Energy have no assets whatsoever in Indonesia. That is an absolute disgrace. Hey but at least they’ve got exactly what shareholders have; signed pieces of worthless paper…..

Yet the company have squandered millions upon millions placed upon placed, diluted upon diluted. Not too mention the amount of times Andalas has been suspended…. The only people making money here are Whitby, Gorringe & co. Bucket shop brokers and the corporate jackals. Oh and lets not forget the $500,000 that vanished into Whitby/Gorringes pockets at Corsair Petroleum. Remember it was half a million dollars in two loans that carried 5% interest. They never came back to ADL! You can read all about it HERE

This Company are running on ‘methane’ vapour. Cash has gone. It is close to insolvency. Indeed it is insolvent liabilities by far out stretch cash & assets. Oh they don’t have any assets…. Placing or Administration its either one or the other.

Wake Up

Viva

Dan

The post Andalas Energy. Whens the placing? Cashless, Assetless & Worthless. appeared first on Guerilla Investing.

Just when Nostra Terra share holders think that it can’t get any worse it does. Today I expose what must be one of the most disgraceful and deceitful episodes in the history of the Alternative Investment Market and the codes of practice that CEO’s should adhere to and what the AIM regulators are there to enforce.

It is quite frankly an absolute fucking disgrace. It ranks as yet another low point in the history of the Nostra Terra shorting CEO and bare-faced liar Matt Lofgran. I take no pleasure whatsoever in exposing  these ‘practices’ and do so solely as a warning to all those currently holding or looking to buy stock in this POS. If you are a Nostra Terra Share holder then you need to contact the company and the Nomad and the AIM regulation team and seek answers.

Documentation forwarded to this site has now been proven to be genuine.

Secret Cash Payments.

The CEO of Nostra Terra Oil and gas has been making ‘Secret Cash Payments’ of possibly tens of thousands of pounds to a well known internet scumbag to attack his own share-holders who had formed a share-holder action group, and to ramp his company via social media. This is wholesale market abuse and the AIM regulator now needs to step in and clarify exactly what has gone on here. The scumbag in question is Matthew Benjamin Turney, aka Ben Turney.

Emails seen by this site provide compelling evidence that thousands of pounds maybe tens of thousands of pounds have been filtered out of Nostra Terra to Turney. Those emails are emails from Matt Lofgran condemned by his own words. Copy’s are below for all to read.

Lofgran was suckered into making those admissions via a fake Ben Turney email address. The emails were forwarded to me. It has taken a long time to prove their authenticity. Which is 100% now proven.

Drug Dealer Took Cash to Ramp & Attack NTOG Shareholders

Lofgran admits that he has told no one but may have told the nomad. That Nomad has since parted ways, as the time of the Faustian Pact’ was way back in 2015. Lofgran also goes on to state that there’s no paperwork on the secret payments to Turney. “I don’t think we even have a consultancy agreement in place”  four minutes later he confesses “By the way, never told anyone any amount”.

Questions now need to be answered and answered openly.  The inference from those admissions is that the Board of Directors have been kept in the dark regarding secret cash payments to a well known failed businessman, self styled Private Investigator and former legal highs (Illegal Now) drug dealer, a man who chuckles at selling poisonous chemicals to teenagers, chemicals deemed unfit for human consumption and now punishable by up to 10 years imprisonment. When was this pact entered into? How much has been paid? How was it paid? Did Lofgran pay it personally? Did Lofgran use share holder money? Are there any ‘other such ‘pacts’ with other people? Why was there no paperwork? Why was the BOD kept ignorant? Are payments still being made? These are but a small selection of valid questions that must be answered. Make no mistake these are breaches of FCA guidelines and regulations. Lofgran needs to answer! You can read them HERE

Turney has openly attacked the share holder action group on bulletin Boards, his twitter feed is a litany of NTOG ramptasic horse shite. Paid promotion on behalf of the company. He has consistently promoted NTOG yet he has failed to declare that he has been receiving thousands of pounds of cash from the company. That itself is an abuse. Let alone Lofgran’s corporate failure to adhere to FCA guidance/regulations. Has Turney used Teathers Financial as a conduit for these secret payments? Has the money gone into Teathers or has it gone into his pocket? Again there is a myriad of questions that Turney needs to answer.

Silence

Both individuals have been contacted by myself many times, both have remained ‘silent’ this is the silence of people with something to hide.

Part of those requests also asked about Mr Michael Whitlow, aka Doc Holiday,  if he had any financial involvement with Nostra. Mr Whitlow is mentioned by Lofgran in the emails, however much I dislike Whitlow,  I do not believe a word this man says, after having personally met him several weeks ago he assured me that he had received no money directly or indirectly from NTOG. Evidentially there is no concrete proof linking him to this ‘Devils Pact’. So Michael gets the benefit of the doubt until such time as there is or isn’t proof.

I also spoke to many sources one of which confirmed to me that they knew Turney was taking ‘backhanders’ or payments from Lofgran/Nostra. 

If I was a Nostra shareholder I’d be demanding answers. This is an absolute scandal and it needs to be addressed immediately with a full explanation to the market, the Nomad, shareholders and the NTOG BOD.

Lofgran has to resign. Nothing else is acceptable. It’s over to the drug dealer and the shorting CEO for their response.

Viva

Daniel

Damning emails. Slam Dunk! Below!

@*****.***> wrote:
>
> Matt
>
> Have you discussed the consultancy agreement and the fees with anyone outside of the Company recently?
>
> I’ve received 3 emails. One’s fairly accurate. Doc and I are concerned.
>
> Ben

On Mon, May 8, 2017 at 7:15 AM, Matt Lofgran <mlofgran@hotmail.com> wrote:

By the way, never told anyone any amount.

The post Nostra Terra The Secret Cash Payments to Matthew Ben(T) Turney! appeared first on Guerilla Investing.

As you all may, or may not be aware, there’s a super fantastic opportunity in Manchester on August 15th 2017. That is the Cassopeia Services Investor Symposium  Four companies are now signed up, Echo Energy, Berkeley Energia, Karoo Energy and Zenith Energy. This is a big opportunity for investors these are four quality companies! They are not the usual piss poor fodder run by deceitful bastards who are only there to rape retail investors. The Presentations start at 6pm. Do yourself a favour and get a ticket. It’s all about an edge is investing and trading and trying to get that ‘edge’. Golden Opportunity here.

The companies are genuine oil & gas and mining plays. They are quality. This is exactly the kind of potential investment/s that real investors/traders should be focussed on. What’s more each CEO I can personally vouch for as a ‘Good Guy’. People who are genuinely trying to create value for their shareholders and potential shareholders. Each one of these CEO’s are flying tens of thousands of miles around the globe, whether that be to China, South America, USA, Botswana, South Africa etc. They are not sat on their arses wining and dining out on expenses or flying 1st Class on company ‘jollies’. Good people are few and far between on the AIM. Get your tickets HERE

Of course ‘yours truly’ will be moderating the Q&A and as the moderator I have invoked the Chatham House Rule, anyone not familiar with it should get up to speed. “When a meeting, or part thereof, is held under the Chatham House Rule, participants are free to use the information received, but neither the identity nor the affiliation of the speaker(s), nor that of any other participant, may be revealed.”

Now remember this is very important. If you attend you can report, blog, tweet what you want regarding whatever may or may not have been said to you. However you cannot give out the name/s etc.

There’s a sumptuous buffet with drinks provided. With an Italian flavour no less… I’d have preferred some ‘Jerk Chicken’ but I don’t get to make the decisions, being a naughty boy.

Some come along and if all else fails you can heckle me and throw pound coins.  

‘Chow’  ‘I’m learning Italian lol!!!

Dan

Investors

Register to our Symposium Manchester:

The Midland, 16 Peter Street, Manchester, M60 2DS 0161 236 3333 Get directions

For additional information and, or, if you need help with accommodation in Manchester please contact pamela@cassiopeia-ltd.com

Companies

Register your interest to our next Symposium in London do not hesitate to contact Stefania Barbaglio, Director of Cassiopeia Services stefania@cassiopeia-ltd.com

Cassiopeia Services are proud to present an exclusive series of Investor symposia across the United Kingdom. Designed specifically for London listed companies and retail investors, promoting transparency with personal face to face communication directly to their investor base. Our specially tailored evenings are aimed at offering board members the opportunity to get to know their investors, share their company plans, answer questions thus establishing stronger relationships with their retail base.

Cassiopeia Symposium Manchester

August 15th 2017, The Midland Hotel

Directors of four London listed companies, including one of the country’s leading CEO’s, James Parsons, will be in Manchester to present their companies and future development plans, alongside natural resource market analysts and fund managers together with High Net Worth Individuals from the North of England.

Companies Presenting

• Echo Energy (LON: ECHO)
• Karoo Energy (NEX: KEP)
• Zenith Energy (LON: ZEN)
• Berkeley Energia (LON:BKY)

Echo Energy plc (LON:ECHO) reborn from Independent Resources (LON: IRG). The hottest company currently trading on the London Alternative Investment Market. In March 2017 the City was taken by surprise when a new team, including James Parsons, were parachuted in to save and restructure the then ailing Independent Resources. Investors have seen the SP rise by over 1200%. The similarities of the success of Sound Energy (£530MkCap) directly attributed to James Parson the CEO means that Echo are still very early stage.

Karoo Energy (NEX: KEP) is an exciting NEX Listed Growth Market company focused on the exploration and development of major assets held in unconventional gas, shale gas and coal bed methane deposits in Botswana (Africa). Karoo’s strategy is centred around the development of its potential shale gas and CBM prospective resources in Botswana, where there is an ever growing demand for incremental local and national gas supplies to feed into potential modular and scalable gas powered generators. Botswana is a significant net importer of electricity, with demand for electricity estimated by the Botswana Power Corporation (BPC) to grow by 3-5 per cent. per year over the next decade. With existing infrastructure running below capacity, domestic supply has a ‘demand gap’ which is only expected to grow, thereby providing the Group with a significant opportunity. Botswana out ranks South Africa as one of the most stable politically mature democracies’ on the African continent with the longest continuous multi-party democracy.

Zenith Energy (LON: ZEN) is a London-listed Canadian oil & gas production company, operating the largest onshore oilfield in Azerbaijan through its fully owned subsidiary, Zenith Aran Oil Company Limited. Zenith also has a number of natural gas producing concessions in Italy, through its subsidiary, Canoel Italia Srl. Zenith’s overarching strategy is to identify and rapidly seize opportunities in the onshore oil & gas sector. One of the pillars underpinning Zenith’s goal of increasing shareholder value is the Company viewing its expansion as equally important with the consolidation of existing producing assets. Growth is pursued with an awareness of the inherent risks of unfunded commitments, the dangers of over-stretch and the importance of a rigorous due diligence in the pre-acquisition phase. Zenith prefers to invest in areas where infrastructure already exists and to apply its expertise in modernizing pre-dating equipment, making oil practices more efficient and thereby maximizing oil/energy production.

Berkeley Energia (LON:BKY) is a high impact, clean energy company focused on bringing its wholly owned Salamanca Project into production. This world class uranium project is being developed in an historic mining area in Western Spain. Following recent ministerial approval, Berkeley Energia has now received all European Union and National Level approvals required for the initial development. Berkeley has been awarded UK company of the year, alongside Sound Energy.

Why attend

• A bespoke opportunity to meet face-to-face with management & the companies’ directors, learn about their strategies and discuss potential investment opportunities
• Discover potential ‘new’ investment opportunities as you meet like minded proactive investors within the retail investor sphere.
• Networking with peers & companies is information gathering. A must for any serious investor

Company presentations are scheduled to start at 6.00pm. Drinks before and after with an Italian delicatessen buffet will be available for all guests.

Who should attend

Cassiopeia Symposia are organised for all retail investors, sophisticated investors, high net worth community, institutional investors, brokers as well as industry experts and analysts.

The post “Manchester Calling!” Midland Hotel 6pm August 15th. Be There!!! appeared first on Guerilla Investing.

Today I expose the truly dreadful deceits perpetrated by the well known Aussie’ Shysters Controlling Andalas Energy & Power (LON: ADL). I urge every ADL Muppet, Poltroon and ‘Melt’ as well as Genuine Investors/Traders to read this and take a look at the RUPTL Indonesian National Electricity Plan at the end of this article.

The sooner you all come to terms with the Truth the Better. You have been sold a ‘pup’.

At 8am today a full complaint was lodged with ALL the relevant authorities. The Nomad Cantor Fitzgerald, they of African Potash infamy, have failed once again to pick up on the true situation within ADL. The company are bust and attempting to artificially inflate their SP prior to placing.

Viva

Dan

ADVFN International Financial Blogger 2017

Mr. Daniel Levi

**  ******* Road

******** Manchester

*** ***

EMAIL administrator@brokermandaniel.com

Telephone: 07703 ******

F.A.O.

Aim Regulation

The Financial Conduct Authority

14. August. 2017

Open Letter to Aim Regulation and The Financial Conduct Authority

The Andalas Energy & Power Fraud.

Dear Sir/Madam

I wish to bring to your attention what I believe and documentary evidence as well as Indonesian sources supports, a deception/fraud that is being perpetrated by Andalas Energy & Power (LON: ADL) a London listed Alternative Investment Company. This is very serious.

On the 8^th August 2017 Andalas released an RNS to the market and investors that contained material inaccuracies regarding a Jambi 1 Independent Power Plant (IPP) to be constructed in the Indonesian province of Jambi, termed ‘Jambi 1 IPP’.

On investigation by myself and others it is apparent that no ‘Jambi 1 IPP’ exists in Indonesia at any government, national or regional level or within any state-owned company in any way shape or form. In order for one to exist it has to be registered on the RUPTL which is the Indonesian Government National Electricity Plan. A copy of the National Electricity Plan is attached, you’ll note that there is no ‘Jambi 1 IPP’ listed. Indeed, there is no entry on the Regional (Jambi) Electricity Plan which must follow the National Electricity Plan.

There is only one 30 MW IPP listed and that is PAYOSELINCAH which is owned by the state run Electricity company PLN. The date of construction is 2020.

The agreement trumpeted out on 8^th August was, like other RNS’s released by Andalas, an attempt to artificially inflate their share price so that they could raise cash. The number of shares traded on 8^th August was circa 1,000,000,000, the share price rose some 65%. This also needs to be investigated.

Investors daft enough to have bought stock have been misled in many respects insofar as how an IPP is progressed to its ultimate conclusion. The deliberate omissions of the structure, regulatory and funding requirements of progressing an IPP in Indonesia as well as the inferences of how this agreement would bring value to shareholders and the company is wholesale market abuse. The CEO of Andalas, Whitby, has stated that the construction of ‘Jambi 1 IPP’ can bring in revenues of $10,000,000 per annum for the next 20yrs. This is yet another desperate attempt by Andalas to mislead investors so that they can get away a placing.

RUPTL Indonesian National Electricity Plan up to 2026. Where is ‘Jambi 1 IPP?’

I repeat no ‘Jambi 1 IPP’ exists in any way shape or form on official government registers, national plans or state-owned companies, other than the newly formed small subsidiary PPE which has just started into Upstream Investments. The agreement isn’t with the State-Owned Construction Company, PT PP (Persero) Tbk, it’s with a very and I mean a very small newly formed subsidiary. It has been confirmed to me that Indonesian Due Diligence performed by the ‘Sub’ has only considered that Andalas are a London listed company. That is, it. The subsidiary and the national state-owned construction company as well as Pertamina and PLN the state-owned electricity company, are not aware that Andalas Energy do not have the funds to progress a sweetie shop, let alone 49% of a $25,000,000-$30,000,000 IPP funding requirement.

The progression of the non-existent ‘Jambi 1 IPP’ in Indonesia is wholly dependent on funding. No deal struck with PPE can advance because their partner Andalas Energy has no cash. Andalas must have known this.

At the time of writing ADL have less than £100,000. As well as an outstanding £600,000 loan note that keeps having to be extended at £50,000 per ‘pop’ to keep the holder of the Loan Note, Sandabel Capital, at bay, not to mention the usual costs incurred by an AIM listed company. For any company to enter into an agreement that they do not and never will have the finances to fund is fraud. Andalas are insolvent.

A 49% funding requirement for the ‘project that doesn’t exist’ is $12,500,000- $15,000,000. Money that ADL simply do not have and never will have. Ergo it is a bogus RNS specifically designed, like many other ADL RNS’s, to artificially inflate their share price adding momentum to the SP so that they can raise cash. It is disingenuous and highly misleading for the company to suggest that this is a ‘Value trigger’. Andalas know full well that this is not the case.

The regulatory hoops in Indonesia require a KSO contract with Pertamina as well as a bank guarantee and a down payment to Pertamina. In-order to get the KSO Andalas have to prove that they have their 49% of funds in place. If ADL can’t get a KSO agreement with Pertamina then they have to obtain a Gas Trading Licence from SKKMIGAS to buy gas from Pertamina. Again, proof of funds is needed, as is a gas storage facility costing $2M-$3M. With no funds, they can’t approach Pertamina to buy gas, which again is dependent on proof of their funding as well as a fully funded completed feasibility study. No funding means, no KSO, no deal with Pertamina, no deal with PPE, no deal with PTPP, no gas sales licence and certainly no deal with PLN. That is the stark reality of the situation as of today. Andalas deliberately misled by omission on the above.

Furthermore, if Andalas won the euro millions and were awash with cash and could progress the fantasy that is ‘Jambi 1 IPP’ on passing and jumping through all the hoops the project would then, under Indonesian National laws go out to public tender. That is to say that ADL would then have to openly bid against any and all other companies to secure the rights to the ‘Non-existent Jambi 1 IPP’.

Whitby has stated that ‘The project is expected to qualify for direct appointment (i.e. without public tender) under Regulation No. 11/2017’ this is sheer fantasy and highly misleading as regulation No 11/2017 has four prior conditions which must be met in-order to avoid Public Tender which are thus;

1/ The natural gas price shall not exceed 8% ICP/MMBTU;

2/ The period of the guarantee of availability of natural gas should be equal to the period included in the SPA’s sale and purchase provision;

3/ Power plant investment cost calculation shall be depreciated with a minimum period of 20 years;

4/ Efficiency of the electric power and the specific fuel consumption (SFC) shall be equivalent to a high-speed diesel (HSD) of 0,25 liter/kWh.

None of those four conditions can be extrapolated several years ahead. Especially the natural gas price NOT exceeding 8% ICP/MMBTU. If you could extrapolate this one condition alone with any degree of certainty several years prior you’d be a multi billionaire! The ‘project’ cannot be “expected to qualify”, that is subjective supposition and yet again highly misleading, based on a crystal ball mentality. Andalas must know this and have not declared it.

As for the timeline of 2019, it’s my understanding from very well placed Indonesian sources, that this could not happen in 2019. It would be after 2020 at the very earliest. The reason for this is that it doesn’t exist on the RUPTL and could never get on the RUPTL until at least 2020. Andalas must have known this.

I now turn to the role of the Nominated Advisor (Nomad) Cantor Fitzgerald. Firstly, I must make it clear that I do not seek to apportion blame, merely to assist Cantor in understanding why they failed to pick up on all the above. I believe that just like the shareholders, the Broker and the Loan Note Holder Sandabel Capital, Cantors have been spoon fed misleading information that could only have been discovered by a ‘physical presence’ in Indonesia, Jakarta and Sumatra as well as the correct contacts within the Indonesian oil & gas community. Cantor Fitzgerald are on the whole victims of a complex series of deliberate manipulations.

Nevertheless, you as the regulators need to compel Cantors to explain why their safeguards and due diligence failed to pick up that ‘Jambi 1 IPP’ does not exist and has never existed as well as the deliberate misleading claims by Andalas. The questions are myriad and I do not propose to go through them, suffice it to say that a full in-depth investigation by the Nomad with the appropriate action taken to safeguard not only shareholders but the integrity of the AIM is now warranted.

At the very least Cantor Fitzgerald should make direct contact with the State owned Indonesian companies; Pertamina, PLN, PT PP (Persero) Tbk and their subsidiary PPE to seek clarification. Not least informing each party that Andalas Energy & Power does not have the funds and will never have the funds to build an IPP.

They should also clarify exactly what each company does or does not know about a ‘Jambi 1 IPP’ and what Indonesian regulatory National procedures with finances and timelines required to advance an IPP.

At the same time action needs to be taken to protect stakeholders and shareholders against further “Neville Chamberlain” pieces of paper of which there have been many, promising the earth and delivering nothing, as well as a thorough re-visitation and examination of all past agreements that have never amounted to anything other than failure to deliver, not so much as a ‘Hill of Beans’ but have facilitated highly dilutive capital raisings which have allowed the corporate shysters controlling Andalas to fill their pockets with UK share-holder cash.

My conclusion and opinions on Andalas Energy are well known. What we have here is a bunch of Aussie’ corporate shysters who think they are smart enough to manipulate and fool the Indonesian Authorities as well as the UK London Stock Market using deceptions and highly misleading claims.

Daniel Levi

RUPTL Indonesian National Electricity Plan up to 2026 Where is ‘Jambi 1 IPP?’

The post Open letter to Aim & the fca. Andalas Energy ‘Jambi 1 IPP’ It doesn’t exist!!! appeared first on Guerilla Investing.

It’s with fits of laughter I write on the latest ‘hocus pocus’ now coming out of the beleaguered corporate shysters that are Andalas Energy & Power (LON: ADL). In response to my article this morning they’ve hastily clobbered together an RNS. You can read the bullshit HERE

In that RNS released at 1:32pm this afternoon Andalas confess that ‘Jambi 1 IPP’ is now a ‘Paper Project’. What that means is that it is an ‘idea’ or as I term it a ‘CONcept’.  As proven today ‘Jambi 1 IPP’ does not exist in any way shape or form in any Indonesian government department or state run/controlled company! Of course the RNS Clarification is any thing but a ‘Clarification’ where are the costings and the funding?

This from the RNS is very telling:

* Jambi-1 is the name used by Andalas for the project.  This is an admission that ‘Jambi 1 IPP’ doesn’t exist other than on paper. Take a bow Neville Chamberlain..

  * The “key contractual, technical and financial project milestones to be
    achieved prior to the consortium making its final investment decision”
    referred to in the Announcement include: None of the ‘Milestones’ can be achieved as there is NO MONEY

      + completion of the front end engineering and design study: Can’t be paid for without a Placing

      + execution of gas sales and power purchase agreements: Can’t be progressed unless they have $12,500,000-$15,000,000 in the bank

      + execution of an engineering, procurement and construction contract: Can’t be executed as they have to have the funds in-situ 

      + contracts for the purchase of the power packs and other equipment: Again can’t be executed as they do not have the funds

      + execution of debt finance agreements: No one is going to give this lot $12M-$15M. So it’s a massive diluted #Placing to keep the lights on

      + execution of operating and maintenance contracts: More pieces of ‘Paper’..  Can’t be executed as all of the above have to be paid

      + licences relating to the facility and transmission lines: Again licenses will not be granted as there is no cash.

  * The consortium expects the project to be included in Indonesia’s
    electricity supply business plan (‘RUPTL’) prior to execution of the power
    purchase agreement.PLN nominates projects to the RUPTL annually.However,
    the Minister of Energy and Mineral Resources may direct PLN to include
    projects on the RUPTL at any time:  The ‘CONsortium’ can’t expect the ‘Paper Project’ to be incorporated into the RUPTL as the conditions precedent can’t be foreseen 3-4 years hence. Not forgetting that little bug bear of zippo cash! Hocus Pocus! And none of the above can get onto the RUPTL before 2020 and that’s only if they’ve spent at least $15,000,000. Money they simply do not and never will have.

What todays RNS tells us is that Andalas are about as far away from an IPP as I am from going to the moon in my car and that Cantor Fitzgerald has got them to spell it out in ‘Corporate Speak’ terminology to try to get them off the hook and limit todays damaging expose by Yours Truly.

Make no mistake both AIM and The FCA as well as their Nomad will now be doing there own ‘Due Diligence’ on exactly how this ‘Paper Project’ can advance without financing. That will or should entail making direct contact with all the relevant Indonesian Authorities. Which will be most enlightening.

As for Andalas and their hoards of BB poltroons they’ll be screaming just how super dooper this RNS is and how a CONpany with less that $100k & circa $1,000,000 in liabilities is the best thing since sliced bread. Hey but hang on a ‘Nuttals Momento’ Except the one big fat question that none of them can and wont answer but needs answering.

Just where the fook is $15,000,000 coming from?

Viva

Dan

The post Breaking… Andalas ‘fess up’ forced to issue clarification appeared first on Guerilla Investing.

Would you Adam & Eve it yes folks Andalas Energy & Power (LON: ADL) are already at the bolloxs trying to organise yet another ramptastic set of RNS’s to shore up their ever decreasing share-price which is now below 0.065p. This is being done to keep the SP up. If it stays below 0.065p then the placing is dead in the water it will have to be re-jigged downwards. That’s a fact.

News has also reached me that their bucket shop broker Beauforts time as ADL broker maybe coming to an end. Andalas are after yet another broker having exhausted the Beaufort clients (sucker list) they need a new brokers’ client list to rape. Hey Ho here we go. You can expect nothing other than total failure from CEO Whitby who has no regard whatsoever for the ‘Dumb British POMS’ and has rinsed huge amounts of cash out of ADL via Corsair Petroleum. ‘Fill ya pockets Dave’ one last time because your reign is coming to an end soon enough.

But that’s not all. Yesterdays kick in the balls, teeth and anus for the ‘Melts’ who’ve consistently been serially buggered by Whitby and Co’, yet refuse to accept the truth, are very telling. Directors are ponying up for 900,000,000 shares with £585k of their own money. Or are they? Now here’s the heads up and BMD opinion the majority of those shares will NOT be paid for directly via cash from the Directors it’ll be in lieu of Director fees. Hey Ho yet another good rodgering….

Yesterday I officially put Andalas Energy & Power to the sword. The CONpany were made to ‘fess up’ that ‘Jambi 1 IPP’ doesn’t exist in any way shape or form other than on a piece of Indonesian toilet paper and admit that they were desperately seeking cash (Placing) Both of those RNS’s came because of the official complaint lodged with the regulatory authorities.

The Nomad forced the clarification so that every single ADL follower & share-holder now knows exactly what Jambi 1 IPP is and more importantly the mine-field of regulatory and financial hurdles ADL have to navigate over a number of years before I repeat ‘BEFORE’ it can get onto the RUPTL Indonesian Electricity Plan. What the Nomad, Cantors, has done is very important. It allows them to say when ADL go tits up, “Everyone knew and we announced it to the market openly even via a ‘Clarification’ that Jambi 1 IPP was in actual fact a ‘Paper Project’ without the $15,000,000 of finances in place”. This allows them to walk away with legal coverage. That is exactly what yesterdays forced ‘clarification’ RNS was all about.

Moving on. I now expose exactly what in my opinion went on yesterday behind the scenes. I’d already contacted Beauforts and put them on notice that an expose was on the way, Sandabel had also been contacted. I knew this would force their hand re the placing and put pressure on the Aussie shysters. I now declare that I was actually in Indonesia Jakarta, and Sumatra last week gathering evidence. I have world class sources within PERTAMINA and the Indo’ oil & gas community. To all the  ‘shrills’ Do not think that I make these things up in a drunken stupor. I get about and if it means going to Indonesia or any other place in the world, then I go.

Make no mistake the Andalas placing, should the idiots vote it through and the idiots taking part cough up, will leave them with circa £300k. That’s about 12 weeks before we’re at it yet again with the Hotpoint rinse repeat cycle. The next placing will be at yet another huge discount. The RNS’s only came because of two things. 1/ They had to get the placing out before their Nomad and the regulatory bods had made direct contact with the Indonesian authorities. Once the Indonesians are made aware of exactly what’s been going on in Andalas and declare exactly what the regulatory and financial progression is then ADL will be suspended. They had to get the placing announced asap. Otherwise it was dead. 2/ Cantor Fitzgerald hastily cobbled together a ‘Clarification’ which is crystal clear and gets them off the regulatory hook once ADL go tits up. They don’t want another African Potash shafting…  That’s how I see it in fact that’s how it is.

Viva!

Dan

PS I told ya so lol!!!

The post Andalas Energy Exposed Now organising more Ramptastic Horse shit RNS’s appeared first on Guerilla Investing.

NEW WORLD exclusive yes I shit you not! News has reached ‘yours truly’ that a Mr Big a BARON of the UNITED KINGDOM OIL & GAS community has been arrested. Read on to find out exactly who it is and WHO had him shackled like a common criminal.

The Worlds’ ‘most dangerous man’ was arrested and interviewed under caution a complaint had been lodged with the City of London, Westminster Police by a SOLO complainant. The crime, which was so SIRIUS, had been reported to the highest levels, MI5, MI6, Special Branch & indeed Special K all were involved in the co-ordination of an operation code named ‘GREEN DRAGON’. Sauces indicated the arrest & interrogation was watched via video link by No10 Downing St. Teresa May personally signed the arrest warrant, after SOUND advice that National Security and ANGLO AFRICAN relations were on a knife edge. The ensuing operation was an ECHO of the one that nailed Osama Bin Laden.

NIGHTHAWK helicopters were hovering over the scene of the arrest and were seen flying round the Malvern Hills reminiscent of a world war II SPITFIRE. Officers, specially trained, arrived via what one bystander said was a “CHARIOT of vehicles”. Armed tacital units quickly alighted and began the ASCENT of this most dangerous mans lair. A castle atop the Malvern Hills. Like a HURRICANE officers rushed towards the battlements in what can only be described as a PREMIER operation that ended in TOTAL success.

Dr No Comment. Britains most dangerous man. As tough as RED ROCK

The apprehension of Mr Christopher Williams a.k.a ChrisOil! Public Enema No1! lol!!!!!

Yes I have it on good authority that ChrisOil the notorious Malvern ‘Gangsta’ a man at the ZENITH of the AIM cess-pit was interviewed at a High Security police station in Worcestershire last week. Oh my giddy Aunt whatever will the neighbours think….

However PROVIDENCE was smiling on Mr Williams due to the SOUND advice from ‘HIS’ crack legal team who were flown in from south FALKLAND. It’s reported that Williams choose to exercise his REGAL right to refuse to comment, what else from Britains most dangerous man but the first tenet of Cosa NOSTRA. The unholy TRINITY of the mafia!!! Silence from the  GOLDEN SAINT who was shackled using the toughest metal on planet earth ‘SULA’ IRON. No matter how hard the officers tried to break him ChrisOil remained HARDY not a word came from pubic enema No1…..  It was SILENCE THERAPUTICS all the way…..

Optiva Bucket Shop GLOBAL headquarters. Next to a Brothel above a barbershop. Pack of 4?

So just exactly what was the alleged crime and more to the point who was the instigator of that complaint. As I understand it from my INDEPENDENT RESOURCES, the alleged crime was… wait for it wait for it…. A tweet! The complainant was….. wait for it wait for it…. An Optiva Securities Employee also known as a ‘scumbag’ yes you know them, the biggest bucket shop brokerage on the London Stock Market. The purveyors of pump & dumps the wankers who shaft their own clients on a daily basis suckering them into some of the biggest POS’s on the AIM run by none other than Christian Dennis & co, aligned to the fat aussie share ramper David Lenigas, operating their bucket shop above a barbers and next to a  euphemistically called ‘lap dancing club’ also known as a Brothel! It has taken STERLING work on my behalf to bring this out into the public domain.

The complaint was made in Feb’ 2017. A most interesting conversation indeed. I spoke to The City of London Police last week. You’ll all know them as the brave men and women who have their hands full protecting the public from such threats as the London Bridge Terrorist Atrocity and serious organised crime. Whoever the Optiva fooker is who wasted valuable police time investigating a none crime should hang their heads in shame. What a ‘Pussy’. I emailed Optiva but as yet they too have remained silent. The silence of the lambs about to be slaughtered and ridiculed on social media.

The ‘boys & girls’ in blue have got better things to do then be forced into a wild goose chase after a phantom twitterer… No doubt the Optiva shysters were all having a good old chuckle in the wine bars and the ‘Brothel’ at the way they’d manipulated the rozzers into arresting Williams last week. If I was a mug punter signed up with ‘Optrivia’. I’d be closing my account pronto. Not least because Williams is still one of their clients! Customer Care?

It was one tweet making threats of a skoolboy nature.  Suffice it to say that there was no evidence to link poor ChrisOil to what the rozzers refered to as a ‘Malicious Communication’ that didn’t I repeat ‘didn’t’ come from Mr Oil’s twitter. But did originate from somewhere in the Birmingham area! FFS!  Such flimsy evidence which is no evidence, didn’t produce the hoped for Rendition to LENI GAS CUBA. File closed! No Further Action! Dismissed by the Crown Prosecution Service, filed under bollox. Case Closed. Victoria Oil & Gas to Mr Williams.

If anyone knows the name of the actual ‘pathetic broker’ who lodged the malicious complaint please do send it in to me.

I have some ‘experience’ in police matters and jurisprudence. There is no way that the police would have progressed this without a concerted effort on behalf of the complainant/Optiva. I get regular threats on twitter, email and occasionaly on the phone. I would never run to the police as I recognise exactly that those that indulge in such childish pranks, and that’s all it is, are halfwits. The fact that Optiva sought to TRAP ‘OIL’ & implicate him in such childish nonsense speaks more about them then it does about Williams, who as I understand it, sailed through the ’10 hour interrogation’ and came out ‘VALIANT’, as fresh as a ROSE but with no DESIRE to rinse repeat the experience. IGAS all is well that ends well…. And it really doesn’t MATRA in the grand scheme of life…

I can only assume that Optiva are run by pussies….. Ohhoooo the embarrassment….. Having your arse kicked by ChrisOil and every fooker on twitter, the financial chat sites, as well as every brokerage knowing it.

Viva

Dan

The post EXCLUSIVE BRITAINS ‘WARREN BUFFET’ ARRESTED!! TRUE! appeared first on Guerilla Investing.

Today I officially launch the Andalas Energy & Power share-holder action group.

andalasaction@brokermandaniel.com

It’s time for  Andalas share-holders to get active and demand action and answers from the Board. Genuine share-holders have been lead a merry dance by the likes of CEO David Whitby and the directors. They been have mis-lead and lied too. It is now time for all, regardless of their personal feelings to put away their differences and band together in the spirit of unity to force change.

Everyone involved as a share-holder knows the many,many duplicitious deeds that the Charlatans running Andalas have perpetrated. The dilution, the destruction of share value, the lies, the syphoning off of shareholder cash and not least the so called assets that always vapourise into nothing!

The opportunity is now here for ALL genuine holders to join up, become active and agitate through share-holder activism for change.

If we don’t then there’s a real possibility that Andalas will delist and or go into administration. There’s no cash whatsoever left. They’ve fooked over £5,000,000 of cash. Where has it gone?

Get active and join up or lose the lot!

Contact Dan at andalasaction@brokermandaniel.com

The post Andalas Energy & Power Share Holder ACTION GROUP LAUNCHED TODAY! andalasaction@brokermandaniel.com appeared first on Guerilla Investing.

This is a real ‘shocker’ and I urge all Andalas Energy & Power (LON: ADL) holders to contact the Nomad and ask just what the fuck is going on?

My information which I wish to now place into the public domain has come directly from my Indonesian oil & gas contacts who have spoken several times and met in person, Mr. Adiatmo Sarjito,

Mr. Sarajito is the Corporate Secretary of PT Pertamina (Persoro). The National State Oil & Gas company of Indonesia.

Mr Adiatmo Sarjito is willing to speak to the Aim Regulator and the ADL Nomad and will confirm that there is no Agreement/s between Andalas Energy & Power and PT Pertamina (Persoro) at the National level there is no record of any such agreement as announced on the 1^st September 2016, within the Head office. PT Pertamina (Persoro) have no knowledge of Mr David Whitby and were completely unaware of Andalas Energy, indeed Mr Sarajito has never heard of them and did not know of their existence.

Furthermore, Mr Sarajito has stated that Pertamina does not recogonize/make Joint Development Agreements. This is at odds with what Whitby stated in the 1 Sept’ 2016 RNS. You will find there are material in-accuracies in what Andalas have once again deliberately spoon-fed share-holders and the market. These are blatant lies. You can read that RNS HERE. Andalas have deliberately miss-lead. A suspension of the Company is needed to protect share-holders.

Mr. Sarajito has spoken to the General Manager of Pertamina Jambi . What was reported back to him : was thus: “Andalas has been in talks ( only ) with Pertamina EP Jambi to explore the possibility to buy Gas from one of various SMALL WELLHEADS, size around 5-77bcf, producing 1mmscfd! And, that is only for approx 5MW of Power generation the Wellhead in question is known as PUSPA. Again it is just ongoing discussions”

The talks were for ADL to BUY the Gas. So : ADL is aiming to negotiate a GasSales Agreement . So: 1mm Gas for a 5MW Power Gen. NOT 30MW. The company cannot get a Gas Sales Agreement because they do not have the facilities to store the gas. A gas storage facility costs between $2M-$3M.

The ‘agreement’ RNS’d on 1 Sept’ 2016 was not a PARTNERSHIP with PT Pertamina (Persoro) it was some kind of non-material loose regional Heads of Terms, that was for 12 months. That 12 months is now up. There has been no information on the current status of such. Why? It is my belief that they are deliberately with-holding the status of this HOT in-order not to cause problems for todays EGM where another 4,000,000,000 shares will be voted into existence.

The Corporate Secretary, Mr. Sarajito has agreed that I can officially disclose my discussion to parties in London. i.e Aim Regulation, The FCA and the ADL Nomad.

The above authorities have been updated and can contact via the address/email or telephone number provided. Once contacted I will connect them directly with the Corporate Secretary Mr Sarajito. I can assure you all that this conference call will result in the suspension or censure of Andalas Energy.

Viva

Dan

The post Andalas Gotcha! again! Andalas Energy & Power Wholesale Fraud & Lies Confirmed by Pertamina Corporate Secretary appeared first on Guerilla Investing.